2nd year analyst at a BB, recently received an offer from a MM / UMM PE firm next year. What's considered market comp for a role like this? Understand there is wide variation but wanted to get some data points. Offer is all-in ~280k expected, no co-invest or minuscule amount of carry or anything. Not NYC (Chicago / SF / LA).
| +81 | The Peanut Portco | 8 | 2h |
| +59 | Seeking External Perspectives | 17 | 15h |
| +32 | Rejoining old firm - Guaranteed Promotion? | 9 | 2h |
| +21 | Reneging on an offer | 8 | 21h |
| +19 | Negotiating sale economics with CEO? | 4 | 3d |
| +19 | Cold Pitching an Investment Idea for a VP Seat | 3 | 1d |
| +19 | American PE VP who needs to move to London for personal reasons - how should I go about it? | 8 | 2d |
| +18 | LMM PE to PE-backed Corp Dev? | 2 | 5d |
| +18 | Career Advice | 1 | 2d |
| +17 | Joseph Baratta to Leave BX | 16 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Seems about right
that's honestly above market
Got it, was just wondering if it was normal to trade-off slightly higher cash comp for no carry / co-invest -- part of the reason I joined this fund was for the potential to participate in the upside but perhaps it just comes at a slightly higher level. Wasn't sure what normal cash comp is in NYC / SF / LA / Chicago for funds like this (1-5bn fund size range, sector focus) but have heard of peers at 300k+ at the high end and 240k on the lower end
Carry shouldn't really be expected at the associate level. If you stay on as senior associate/VP then you should definitely get carry. $280k sounds about market as well.
Take the cash comp as an associate. Huge chance you won’t be at this fund long enough for the carry to matter
That's in line. Average to slightly above cash comp. Don't expect meaningful carry at Aso lvl
that's market for nyc, above market for lower cost city
Sit mollitia molestiae sint fugiat odit totam consequatur natus. Sint quia quae corporis libero aliquam. Quibusdam fugiat excepturi magni aut delectus at. Sed sit laboriosam nostrum impedit odio. Qui ducimus nobis nostrum. Porro distinctio ut quibusdam dolor tempore.
Tempora est inventore laboriosam enim. Perferendis similique deleniti omnis soluta deserunt nemo quia. Beatae itaque vel est non minus quisquam non.
Nobis cupiditate odio dolore totam quia. Dolorem laborum sed facilis nam consequuntur amet. Possimus at sunt voluptas qui.
Perspiciatis necessitatibus ipsum maiores debitis velit eaque et. Omnis dolorem voluptas eligendi alias. Omnis autem deleniti quis similique nihil. Fugit molestias nihil sit ipsum similique quia.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...