London PE net worths
Hey guys,
What is the eventual net worths of PE associates/vps in uk working in top tier pe like APL/KKR/BX?
Thanks
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Interested as well
Bump
200k-500k
that low? in the US you couldve easily hit a mil by the time you become a VP in PE
Is that before or after you spend 2 years out of industry doing an MBA, which also costs 200k or so?
Above range is somewhat accurate but remember that MBA is not required to make VP in Europe.
Would be interested in the math / assumptions behind this
thats math's* in London ;)
all shops are around the city or west end. you want to be within walking distance of the office. rent £1.5-2k
food/bills £300
entertainment/clothes/travel £250
~£2-2.5k spending p/m
average out the analyst to senior associate salary at £75k base for 5 years with 50% bonus
base is £4300 after tax (not including any student debt - which is usually £300-400 p/m)
base + bonus averages out at £6k p/m less £2k spending = £4k * 12 = £48k * 5 years = £240k
https://www.pageexecutive.com/sites/pageexecutive.com/files/banking_ass…
https://www.thesalarycalculator.co.uk/salary.php#modal-close
There was a thread a few months ago which showed a very different picture. Much closer alignment to the London numbers quoted above.
Some are very rich, some are less rich. This is a dumb question.
Bump
2nd year Associate with net worth of £350k.
what's the career plan going forward?
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