MM PE offer compensation
Received an offer for an associate position at a MM firm ($5bn AUM, most recent fund $1bn) and wondering if the compensation is considered market rate. Tier-1 city, not NYC.
Offer is for $120 base + $100 target bonus. To me, seemed a little low, especially on base - which would be lower than my current base as a AN2. Any insight would be helpful.
Super low. By 30% or more
Thats about the number I came to as well, was expecting something upwards of 250 TC.
Low - received an offer from a similar size firm and was offered 130 base and 130 bonus target with relocation of 10
I would let the PE firm know that you'd be taking a step back on salary and see if they can make you whole. That's not a crazy ask - worst they'd say is "no, this is standard for us". Most PE firms of this size may not know what market is or appreciate how much banking comp has risen.
I know a couple of MM PEs in Boston paying $120k base and up to 100% bonus
Low, expect 250+ TC. I am getting ~270k TC for a tier 1 city MM that has associates working relatively light hours. Fund size is within the MM range, so I think expectations should be higher. 230K+ is a solid haircut to standard MM pay,
Can you PM me fund name?
Define light hours?
Light for boston / SF / LA...market for Chicago / Texas / Miami
I think Chicago and Miami are more expensive than LA. Not sure what market rate is for these cities
Just to give a sense for an outlier, have a friend at MM Aso 2/3 with low 400s cash comp and low 300s annualized DAW carry
I’d expect an Aso 1 at same shop would be low 300s cash and low 200s carry
What city is this in? Very nice comp if true
In nyc
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