Experienced VP comp check
Wanted to see if people thought this was under market or not? I ask because according to the comp surveys going around from the headhunters it seems under market. Heidrick Struggles is more in line but it averages VP when in reality that role can span 5 years. I feel somewhat underpaid reading comp numbers here or in those amity / Henkel surveys ?
I’m a post MBA hire: first full year as VP 550k (not the post MBA stub year)
Y2: 625k
Y3: 690k
Y4: 780k (title bump to senior VP)
I have 4.6m of carry in our fully deployed fund that is performing quite well thank the gods. We haven’t figured out allocations in our new fund. Should be a bit higher following the title bump. But this is a new title because we used to have 5 year VP roles and people complained.
Fund size I have carry in 7B. HCOL city in us.
What’s fund size and geo?
If it makes you feel better, our VP1s make ~$360-370k all-in. $3bn fund size, NYC. And yes, our VP role is also a 5 year track.
What? That seems way under market unless carry is super generous?
No, the carry is not generous either. The comp is just low. Maybe one slightly redeeming factor is that it's a 3-year timeline between ASO and VP vs. most funds it's probably 2 year ASO/2 year Senior ASO.
You’re well compensated.
What was your associate comp like?
Trying to back into what VP comp would look like if I am being paid 365k as a first year associate with a 3 year path to VP.
That’s hella high, above street even for MF. What type of place are you?
Your comp seems market for that fund size. What comp numbers are you targeting?
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