Fund with highest base pay?
What is top of the market base pay? Obviously most of the comps these days is bonus, but just curious who is paying top dollar base salaries?
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Based on the highest ranked content on WSO, the top of the market base pay varies by position and sector within the finance industry. For example:
It's important to note that bonuses play a significant role in total compensation, often constituting a large portion of the pay package in high finance roles.
Regarding your interest in "1", if you're referring to the base pay for entry-level analysts in endowments and foundations, it's around $70k as mentioned above.
Sources: Analyst pay increase: 95k base yr1, Q&A: Endowments, Foundations, & Asset Allocators, It's Time for a Base Raise, Top Highest Paying REPE, When the **** are Moelis / PJT / PWP / Evercore going to increase base pay?
Recently saw Warburg at 185k for first year associates
up there, not the highest though
What is higher then?
What is the base pay step up per level for MFs if they start at 185?
VP at 300k?
Principal at 400k?
MD at 500k?
Most MF base around 185k, I haven’t heard of anyone pushing upwards of 200k base
150-175 is more common than 185. couple of funds out there with 200 base
Second this, Carlyle is $150 and TPG is $130 lmao
Slightly off topic, but bonuses are relatively standardized in PE, yeah? Heard of funds with lower base salaries but with higher total comp (ie MFs like Vista/TB ASO base of 150, but TC north of 350, and Warburg base of 180 but TC also ~350)
The reality is that target total associate comp is all within ~30K of each other across all the MFs. The target level performance comp is not significantly higher for any of these shops. The way you get some of the higher end numbers you see thrown (420K+) around is either by being a top performer or being around in a year where deal flow is crazy regardless of which MF you are at. (Source I work at MF and have buddies a number of others)
I don’t even think being a “top performer” changes anything materially - as far as ik, MFs/UMMs have completely standardized EoY bonuses, maybe some shadow carry component can boost X Associate over Y associate, but don’t think it’s material or immediate
Some top funds like Apollo, H&F and CD&R pay materially above other MFs (I worked at one of these)
Apax has the highest base salary I've seen across the megafunds. But a few random MM funds and Brookfield also have high bases.
What’s the Apax base?
Apax & Brookfield are both $200k base
Berkshire, BDT, Cove Hill all heavy on base too ~$175-200k each.
How much do these increase yearly though
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