KKR/BX/Apollo Compensation

Recently heard a few people saying that KKR/BX/Carlyle comp is not much better if any from GS/MS/JPM.

Anyone has any views on that or accurate estimates on the PE comp packages at KKR/BX/Carlyle across different levels?

4 Comments
 

Based on the most helpful WSO content, here are the compensation details for KKR, Blackstone (BX), and Carlyle across different levels:

Total Average Compensation (September 2023)

Private Equity

  • Principal
    • $676K
  • Director/MD
    • $599K
  • Vice President
    • $363K
  • 3rd+ Year Associate
    • $277K
  • 2nd Year Associate
    • $266K
  • 1st Year Associate
    • $227K
  • 3rd+ Year Analyst
    • $157K
  • 2nd Year Analyst
    • $133K
  • 1st Year Analyst
    • $121K
  • Intern/Summer Associate
    • $81K
  • Intern/Summer Analyst
    • $59K

Overall Employee Satisfaction (September 2023)

  • KKR (Kohlberg Kravis Roberts)
    • 97.9%
  • Blackstone Group
    • 98.9%
  • Carlyle
    • Not explicitly mentioned, but similar firms like Bain Capital have a satisfaction rate of 97.4%

Professional Growth Opportunities (September 2023)

  • KKR (Kohlberg Kravis Roberts)
    • 97.4%
  • Blackstone Group
    • 97.9%
  • Carlyle
    • Not explicitly mentioned, but similar firms like Bain Capital have a growth opportunity rate of 98.9%

These figures suggest that compensation at top PE firms like KKR, Blackstone, and Carlyle is highly competitive and generally higher than what you might find at top investment banks like Goldman Sachs (GS), Morgan Stanley (MS), and JPMorgan (JPM). However, the exact comparison can vary based on specific roles, experience levels, and other factors.

Sources: Former MS M&A / KKR here to field questions, Thoughts on the following for tech: KKR, Carlyle, TPG, H&F?, Which PE firms have the best offices?, Updated view on Carlyle (specifically TMT Group)?,

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

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June 2026 Private Equity

  • The Riverside Company 99.6%
  • Blackstone Group 99.3%
  • KKR (Kohlberg Kravis Roberts) 98.9%
  • Warburg Pincus 98.5%
  • Vista Equity Partners 98.1%

Overall Employee Satisfaction

June 2026 Private Equity

  • Blackstone Group 99.6%
  • KKR (Kohlberg Kravis Roberts) 99.2%
  • The Riverside Company 98.9%
  • Ardian 98.5%
  • Starwood Capital Group 98.1%

Professional Growth Opportunities

June 2026 Private Equity

  • Bain Capital 99.6%
  • The Riverside Company 99.3%
  • Blackstone Group 98.9%
  • Starwood Capital Group 98.5%
  • Vista Equity Partners 98.1%

Total Avg Compensation

June 2026 Private Equity

  • Principal (9) $653
  • Director/MD (24) $547
  • Vice President (98) $365
  • 3rd+ Year Associate (104) $281
  • 2nd Year Associate (235) $272
  • 1st Year Associate (411) $229
  • 3rd+ Year Analyst (33) $157
  • 2nd Year Analyst (97) $134
  • 1st Year Analyst (272) $124
  • Intern/Summer Associate (38) $81
  • Intern/Summer Analyst (355) $62
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