HIG - 2024 Comp Package

Based on the WSO Dataset, compensation figures for specific firms like HIG at the Senior Associate or VP1 level aren't directly provided. However, we can infer from the general data on MM (Middle Market) and UMM (Upper Middle Market) PE compensation trends. For Senior Associates and VP1 levels in MM and UMM firms, compensation typically includes a base salary, bonus, and sometimes carry (profit share).

From the context provided: - For MM PE, a progression example shows an Associate moving to VP over 3 years with compensation evolving from $100k base and $100k bonus in the 1st year, to $120k base and $160k bonus by the 3rd year, not including carry. - In VC, a Senior Associate / VP offer from a semi-large firm was mentioned as $250K base, $50K bonus, and 1% carry allocation in the latest fund.

While these examples are not directly from HIG, they give a ballpark of what compensation structures might look like at similar levels in MM and UMM firms. For HIG, being a well-regarded MM/UMM firm, it's reasonable to expect total compensation packages to be competitive with these ranges, potentially leaning towards the higher end for VP1 roles, especially when considering base, bonus, and carry components. However, specifics can vary based on fund performance, individual contribution, and negotiation at the time of the offer.

Sources: What is "Street" MM PE Compensation for Associate 1 & 2 and Senior Assoc. (3rd year), VC Senior Associate / VP compensation, Growth PE Comp Progression, What is the Total Comp Range for Vp's In ER?, Expected carry compensation at senior associate/VP level?

Based on the WSO Dataset, compensation figures for specific firms like HIG at the Senior Associate or VP1 level aren't directly provided. However, we can infer from the general data on MM (Middle Market) PE compensation that Senior Associates and VP1s in the MM space can expect a wide range of compensation packages, influenced by factors such as fund performance, location, and specific role responsibilities.

For a broader perspective, compensation in MM PE firms for positions at these levels typically includes a base salary, bonus, and potentially carry (profit-sharing). While the exact figures for HIG aren't specified, here's a general breakdown based on the context:

• Senior Associate: Compensation could range from a base of around $120k to $150k with bonuses potentially pushing total compensation into the $200k to $300k range, excluding carry.
• VP1: At the VP level, base salaries might start from $150k to $200k, with total compensation potentially reaching into the mid to high $300k range or more, factoring in bonuses and carry.

It's important to note that these figures are general estimates for MM PE roles and can vary significantly based on the specific firm, its fund size, performance, and the individual's negotiation skills. For the most accurate and up-to-date information, consulting with industry peers, recruiters specializing in PE, or directly with the firm, if possible, would be advisable.

Sources: What is "Street" MM PE Compensation for Associate 1 & 2 and Senior Assoc. (3rd year), Growth PE Comp Progression, What is the Total Comp Range for Vp's In ER?, VC Senior Associate / VP compensation, Expected carry compensation at senior associate/VP level?