LMM Comp Associate (London)?

Ah, swinging through the London finance jungle, I see! Well, let's break down what the WSO jungle drums are saying about LMM (Lower Middle Market) compensation for an Associate in London, especially for firms with AUM (Assets Under Management) of less than £500m:

• Base Salary: The context doesn't provide specific numbers for LMM firms in London, but it does mention that for UMM/Large Cap firms, the standard is GBP 90k base for first-year Associates. Now, for LMM, one might expect the base to be a bit lower due to the smaller size of the firm and fund.

• Bonus: Again, specific LMM bonus information isn't provided, but the UMM/Large Cap firms are offering around 100% bonus. LMM bonuses might be lower in percentage compared to UMM, reflecting the smaller size and potentially lower deal flow of the firm.

• Other Compensation Benefits: The context doesn't mention specific additional benefits for LMM firms in London. However, in the finance industry, it's common to see benefits like health insurance, pension contributions, and sometimes discretionary bonuses or profit-sharing arrangements like carried interest, especially at more senior levels.

Remember, these are just educated guesses based on the information available. For the most accurate picture, it's always best to swing from vine to vine—network, that is—and gather intel directly from those in the LMM scene in London. Keep in mind that compensation can vary widely based on the firm's performance, culture, and specific role expectations.

Sources: LMM PE Associate Experience - What is it REALLY like?, Life as a Top Asset Manager, Private equity comp in London?, What’s associate / senior associate pay at LMM PE firms like Riverside / LLR Partners?, PE Associate Offer - Comp Too Low?