London Director/Principal Comp
Long time contributor to WSO, but posting this from a burner as my main is easily identifiable.
I got promoted to director/principal (level just below partner) at the beginning of the year. I am looking to move to another fund in London. I am looking at a range of options from family office type setups to upper mid market.
Having not gone through recruiting in close to a decade, what is the base, bonus and carry range that I should expect on my level in London?
Except for a few gems who browse WSO at your seniority, the replies here will likely will be opinions or questions as WSO is mostly geared towards entry-level recruiting.
As you're based out of London, I'd recommend checking out reports by HHs e.g., Dartmouth, browsing research reports and/or speaking to friends / colleagues who've made the jump for a rough range? What you've provided is really variable to answer (and almost no context like YOE etc)
My firm pays c.400k GBP all-in for these levels. The cash comp kind of tops out once you hit VP, then it stays more or less the same until you are partner with all the upside reflected in the carry economics
Are you sure? Seems very low for a principal, my firm pays around this for good senior associate (seniority is associate, sr assoc, VP, principal, partner)…
Yes I am certain, I am at a European UMM
Just phone up Egon Zehnder or the like and they can help you as it’ll wildly vary considering the range of options you’re open to
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