Middle Market PE Senior Associate

For a Senior Associate role at a middle-market private equity fund with $500M-$1B in AUM, here’s what the most helpful WSO content suggests regarding compensation:

1. Base Salary: Typically ranges from $160K to $200K, depending on the firm and location.
2. Bonus: Cash bonuses can vary widely but are often 80%-150% of base salary, depending on performance and firm profitability.
3. Carry: Senior Associates at this level often receive carry allocations. For funds in this size range, carry can range from 1% to 2% of the fund, though this depends on the firm's structure and policies. Some firms may also offer co-investment opportunities.

If you're negotiating, consider pushing for additional perks like carry or co-investment if the base and bonus are on the lower end.

Sources: Data: Average Private Equity Compensation and Carry from Associate to Managing Partner, Data: Average Private Equity Compensation and Carry from Associate to Managing Partner, Vice President Fund Carry/Equity, Carried interest for Associates / Senior Associates?, From Private Equity Associate to VP in Private Equity