Growth Associate Comp
I'm currently a first year analyst at an EB and expecting to recruit for tech growth in the coming on-cycle process.
I've heard anecdotally that there is a large pay cut when switching to growth equity. Does anybody have approximate #'s on what I should be expecting? Also how does growth pay differ at a place like Accel or Battery vs GA / TPG Growth / KKR NGT etc?
Is it fair to assume a range of $200 - 300 all in for growth vs $250 - 400 all in for buyout?
Also, would be curious to hear analyst pay ranges as well if anyone has numbers here (assume these are more varied given the relatively low # of firms with programs)
Thanks in advance, appreciate any color.
More like $180-240 for growth and $220-300 for buyout. You'll have outliers.
I'm assuming that the $240 figure comes from MF growth arms, and the $180 is for earlier stage firms like TCV / IVP types? Any context on where big names fall, thanks in advance
OP, in case this is relevant to you as you make your choice, here's an anecdote. One thing I mistakenly did when choosing post-banking careers was maximizing for comp. I ended up not taking a role at an A+ rank growth equity firm because it paid significantly less than a B+ rank LBO shop I also had an offer for. I regret the decision still because I would have been much better positioned in my career overall had I taken the A+ growth equity offer.
Definitely, appreciate the advice and completely agree. Just trying to level-set expectations more than anything.
That's great. Good luck!
Top growth shops will tap out at 240-250k and buyout obviously goes higher. WLB is better though.
Do you know how this scales by any chance? Also, asking the same question above, but who pays this high end of comp?
$200k-300k is probably the right range for well-known places (might drop lower for smaller or newer funds). $300k being some of the very large growth shops like GA or MF growth arms (I think many MF growth arms pay associates close to what buyout associates make). All in though, you're likely taking a paycut from what you'd make as an EB associate.
The answer is it partly depends on the role. Growth funds that have sourcing components in their assoc role will be $180-240K with significant sourcing bonus opportunities (that comp can easily be $250-300K if you source a deal). I've even heard smaller funds like Volition, Silversmith, Battery, etc. are ~$160-175K target with upside to $225Kish if you source a deal. Funds that are pure execution (think PSG or Great Hill) are likely in the $200-250K range with no real upside to that. The MF growth arms like KKR NGT are $300K+ as they try to standardize with their PE roles.
Not to hijack the thread but do you know what WLB is typically like at MF growth arms?
This is super helpful, thank you!
Don’t lump late stage VC and growth equity together. They’re totally different investment approaches and models.
Bump, particularly interested in analyst comp for these names or any other relevant data points
Bump, can anyone speak to WLB / hours?
Also interested
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