Mid tier pension pay
Does anyone has actual numbers as to what the mid tier pensions (IMCO, OPTrust, etc) pay their associates and senior associates?
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Ah, diving into the jungle of compensation in the mid-tier pension world, are we? Based on the most helpful WSO content, let's swing through what we know about the compensation landscape for associates and senior associates at mid-tier pension funds like IMCO, OPTrust, and their peers.
While the specific numbers for each fund might not be explicitly detailed in the context provided, we can infer some insights based on the general information available:
Comparison with Larger Funds: The context mentions that smaller pension funds like PSP, AimCo, IMCO, HOOPP, OPTrust, BCI tend to pay less than the larger counterparts such as CPPIB and OTPP. This gives us a hint that while the exact figures might not be available, compensation at these mid-tier funds is likely to be a notch below what's offered by the giants in the field.
General Compensation Structure: The context also touches upon the promotion cycles and how they might affect compensation over time. For instance, investment banks typically promote on a 3-year cycle, whereas large pension funds like CPPIB promote on a 4-year cycle. This could imply that progression and therefore compensation growth at mid-tier pensions might also follow a slower trajectory compared to more aggressive sectors like IB.
Relative Positioning: Given that Onex/Altus are mentioned to pay the most, in line with US megafunds, and that smaller pension funds pay less, one could smartly infer that mid-tier pensions like IMCO and OPTrust would offer competitive but not top-of-market compensation. This would likely place their compensation packages in a moderate position when compared to the broader spectrum of investment roles.
To get the actual numbers or more detailed insights, one might need to delve deeper into specific threads on WSO, reach out to industry insiders, or consult the latest compensation reports available on the platform. Remember, the jungle of compensation is dense and constantly evolving, so keeping an ear to the ground on forums like WSO is key to staying informed!
Sources: What’s associate / senior associate pay at LMM PE firms like Riverside / LLR Partners?, Canada IB vs PE Comp Megathread, https://www.wallstreetoasis.com/forum/investment-banking/elite-boutique-consensus-associate-compensation?customgpt=1, TORONTO 2020 1st-Year PE Associate Compensation, What’s associate / senior associate pay at LMM PE firms like Riverside / LLR Partners?
No idea on IMCO, but OPTrust pays more than any other Canadian pension from what I had been told
Bump, curious on HOOPP #s as well
i think around low 200 to low 300 for an associate, variance is quite large among pensions and even within
Sr.Assc at HOOPP TC is 240k
Source: Interned at HOOPP
Wow this is surprisingly low - I know for a fact other pensions in Canada of this size or even smaller pay more than that.
Total comp is base + bonus + benefits? Can u provide the breakdown, thx
Not 100% sure of the breakdown, but I know TC is 240-260
Interested in Analyst comp at PSP
I don't know about IMCO but OPTrust, AIMCo, BCI and HOOPP are all around OTPP and CPP, its all pretty comparable (with OMERS being a weird outlier). AS1 expect $230-$260 all-in give or take, SA1 expect $350-400 give or take, but usually $50k of that is deferred. These are loose ranges, but this probably captures most of the pensions accurately, with some outliers for certain ones and individual outperformers. This is for PE - I think other groups are slightly different
Idk where the above poster got that HOOPP number cause that is clearly wrong
OMERS as an outlier because they are higher or lower? My AS1 figures tie with yours (think CPP/Teachers)
OMERS is in a really weird spot currently. Historically they've paid the most, but recently there's been a lot of unpleasantries at that shop (getting rid of carry at the senior level, lawsuits over that, poor fund performance, etc.). Because of that, I've heard comp for new hires and especially at the senior level (VP-equivalent and up) is now materially lower and all over the place.
USD or CAD?
CAD, all for canadian offices. US offices are paid in USD and are higher
The TC of 240k at HOOPP isn't for PE. Different FO role in Capital Markets.
Do you know estimates for UPP?
Thanks for the HOOPP intel. Any info on what they pay HOOPP principals and senior principals? I heard the latter was a new title / rung added between principal and MD.
any ideas on how much rotational analysts get paid at cpp/omers for total comp?
Tc 160
Any insight on how to recruit for these roles? Looking for pension/endowment roles in NYC. Do they take laterals at Sr. Aso level?
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