how much room for salary negotiation as ASSO1?
how much room for salary negotiation is there as a 1st year associate (i.e. no previous PE experience)? I guess there's a standard band for all associates so there's limited room for negotiation, but I think I can at least try, right? Worst-case scenario they say no, but it's not like they're gonna rescind the offer or be like, "sorry we can't meet your salary expectations/match the other offer you got, bye bye".
For context, relatively small and new firm, a couple other associates at the firm, and only 1-2 asso hires/year.
Questions:
1) where/how can I negotiate: base pay, bonus, base/bonus split, sign-on bonus, relocation package, etc. What are other flexible components of comp?
2) What are good benchmarks for negotiation: I can try for 10% more, or $xxx more, etc.?
3) Any suggestions/template on how to phrase the negotiation message?
Would say it's a good idea to negotiate given size/age of firm, they're probably less process-oriented than established ones. Best strategy would be to benchmark with whatever other offers you have or using rationale like "look you're a smaller up and coming firm, I should be paid a size premium for the risk I'm taking versus going to UMM/MF"
what if you don't have a current other offer on hand - let's say if i'm interviewing with some other firms but none has advanced to the final stage/offer yet, then is there any way to negotiate/how would I phrase this?
Bro this dude is an unemployed troll, don't listen to him. No up and coming firm will pay more than a MF. Maybe early carry but no cash comp will be higher.
I know of a newer MM place paying very slightly less than MF cash comp for ASO but with carry at 2x MOIC = 75% per year of cash comp
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