I am a 2nd year associate at MM PE based in HK. Most recent fund size is ~USD600m. Base salary is little over USD120k, and bonus is said to be 80~150% of base. I think ~100% in bonus is a more realistic expectation, which brings my total comp to USD240k. I know approx 300k is the market average for IB/PE, but do PEs in HK tend to pay less than in the US?
Trending Content - Private Equity Forum
Career Resources
dude you are worse off than people on welfare. Take a step back, your life isn't that bad..
240k is above market for that fund size. For a 600m fund I would expect 190-220
Not too low + you pay HK taxes
240k USD at HK tax rate is the same as making 350k pre tax in NYC with similar cost of living
Also at 600m I think 240k is at market if not at the high end, + your bonus could put you at 300k total comp
Honestly think that's way on the high end for a fund that size. Would classify that more as LMM by US standards. And LMM pay doesn't typically reach 240k. Plus HK taxes are low so you're in a really good position. I know people at UMM funds that don't make 240k.
In HK along with China, this is considered very decent comp for your fund size…
Error esse assumenda porro reprehenderit quasi. Eos ut tenetur odio doloremque aut ut.
A qui odio aliquid a quo quas natus. Nihil vel sunt esse enim dolor. Laudantium est maxime dolorem quod magni.
Doloribus animi nemo omnis eum ducimus sint tenetur. Voluptate a ullam veritatis minima.
Consectetur voluptatem illum minima quis rerum. Enim itaque voluptate vel.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...