Hey everyone,
I recently received an offer to join a PE shop, and the offer letter says that the bonus is "up to 100% of base."
Is the expectation that that bonus is the target bonus, and that 99% of the time, you should hit it? Or is it more like "If you're a top 5% Associate, you'll get full bonus, otherwise it's 50%."
Thanks!
-KHC
Means top bucket gets 100, while mid/low will get much less. You would want to find out, as bottom bucket could be 30%, which would suck if you get that
I’ve always been in the LMM, so your mileage may vary, but in my experience anything less than 100% is a bad sign. 100% of target is the median, great associates might get a little more, underperformers are more likely to get fired than get a low payout, but when they do get a low payout it’s a sign that they probably won’t be around for long
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