Mid Market PE or Tech
Guys, have been thinking of moving out of MF to mid market PE for the better lifestyle and am now contemplating offers on hand.
Perhaps I've just been too caught up with work in the large cap space and only looked at the mid market recently - I'm surprised at the drop in compensation vs MF peers (40-50% discount). At these compensation levels, it would make more sense to move from my MF say into a tech role (~30% compensation discount and even better lifestyle than mid market PE) - Has anyone been in a similar position / evaluated these 2 options? Happy to hear thoughts
Curious to hear how you’re getting to those % discounts? When you say MM are you referring to LMM? Also what type of roles are you looking at in tech that are only a 30% discount to MF PE (400k+ at your level I presume).
there are plenty of MM firms that pay maybe a 10-20% discount to MFs, though lifestyle is highly variable depending on which firm (some could be just as bad as MF).
Sure - looking at all in comp here.
Mid market funds (won't drop names) but in the ~1b+ fund size range vs tech roles in FAANG (FP&A, ops etc - not the highest paying marketing roles).
Very odd that FAANG is only a 30% discount, which is probably $210k-280k. I haven't heard of many roles paying anywhere near that especially in FP&A or some generic business, revenue, sales ops role. In your non-tech roles, is this like corporate strategy, corpdev, or product management role?
My impression was that after say 4-5 years experience you would get mid 100s to low 200s of which stock will likely make up 20-30% of that comp.
Very curious as I am looking to exit after 4-5 years in IB and I am having difficulty finding a tech role with better WLB without sacrificing a ton in pay. Even at associate level, whether you are in MF PE or IB, you are likely at around $350k, so even a 40% discount is $210k which is a large discount, but is still really high comp in the tech space if you aren't in a tech role.
Yep thats FP&A for one of the FAANG - i'm not looking at non-tech corporate roles (yet).
Does anyone have good insight into mid market PE vs Tech comp and can lay it out side by side? Especially as you progress through the ranks - would be most useful
Ehh.. I was making in the $325-$340K range in Tech in Texas and I wasn’t even in FAANG. Director level in strategy/corp dev should be able to get close to $400K total comp on the coasts
I think it’s a “one marshmallow now or two later” type deal where tech comp peters out more quickly
Yea.. thats probably the best way of looking at it.
Any one else had similar thoughts?
Or does anyone have a comparison of compensation across Finance / Tech as you progress up the ladder?
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