Fair Compensation?
Honestly never really though much about it but my friends at other UMM pointed out my comp may be below street (relative to fund size) so just wanted to know what WSO thoughts. Also what would market comp be? Know its generally less linear than IB but any color would be helpful
Fund size ~$7bn AUM ~$40bn
Base: $120k
Bonus: 100% (talking to past associates historically it has been minimum 100% with upwards to 120%)
Signing: $10k
Expected All-In: $240k-270k
Seems a little lower than market but not egregiously so. Is this NYC?
Its LA
Sounds a bit on the lighter side, especially if in NYC. First year stats below:
Fund size: Under $5bn
Base: $120k
Bonus: 125%
Signing: $10k
Total: $280k
Sizable jump in comp for top performers in second year (~$330k all-in compensation but likely will be in ~$350kish range this year with some incremental COVID-related bonuses). Note that this excludes co-invest.
Its LA so maybe slight discount? Guess that isn't terribly low compared to numbers you posted but I’m not sure about the YoY bump (think its ~$50k but no co-invest to my knowledge)
Wouldn't call it unreasonable. I'm not in LA but also not in NYC. Not Centerbridge high but also not HIG low.
Appreciate the information, out of curiosity whats HIG pay?
Haven't gotten a clear figure (seems to range based on fund / location) but have heard as low as ~$200k. Had a friend who worked there but he was pretty vague about his comp ("it's kind of ass", can't recall the exact range he quoted but recall it being in the $200k to $230k range). The thread below quotes ~$270k for HIG Bayside.
https://www.wallstreetoasis.com/forums/updated-2021-views-on-hig-capital
I know someone at Bain making ~$250k ($125k base and bonus). Not in the main flagship but he made it sound like everyone got paid the same.
It's slightly below, not by much.
LA also isn't a low COL area so idk why a "discount" would get factored into that. It's practically as expensive as NYC unless you want to live near hobo's.
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