Growth PE Comp Progression
Much has been said about the typical Comp and Comp Progression at traditional Buyout PE shops. The Heidrick & Struggles report documents what PE professionals make at each step in their career. Generally, above a certain fund size (including carry) it is something like Associate ($400K), VP ($1M), Dir ($3M), MD ($9M), then sky is the limit for the senior MD's.
more opaque. There is some good information on WSO about analyst/associate compensation at the top firms, with associates making perhaps $200-$300K with additional upside on sourcing. And some have stated that MF Growth associates make equal compensation to their traditional buyout peers. What I would like to know is, how does this income scale over time, throughout the VP/Dir & MD levels? There is no "Heidrick & Struggles" Growth private equity report for earnings at more senior levels.
"In other words, expect 60-70-hour workweeks and compensation in the $200K – $300K range for Associates, eventually rising to the high-six-figure to low-seven-figure level at the top "
This smells like BS to me. MD's at traditional buyout make $9M+ and MD's at Growth Equity make $800K - $1200K ish? No way.
Can anyone please help provide clarity on the compensation along the growth equity career path?