Not including co-invest and carry, how much do you guys have saved?

Always feel like I’m behind on these things. If you’re comfortable, please say your age and amount of cash (not carry or co investments you have). I’ll go first: 32 years old, $174k

 

Including or excluding pension? Makes a huge difference in the short term (but clearly totally illiquid). I could double my savings effectively if I’d put my general investment account savings into my pension. How to account for down payment on house, cash paid in for coinvest etc? 

 
Most Helpful

No, we plan to continue working but I left IB to do something with more WLB. Our HHI is $800K and we're savers, I'm sure by the time I'm 50 I'll be ready to retire but we're both career oriented and enjoy our jobs. 

 

Are you counting 401k in that? If so,I’d say you are behind, but it’ll depend how you got there (b school? Loans? IB to PE or something else?).

Your 401k alone should be $250-300k conservatively (considering the bull market until this year). Then I normally shoot for at least 20% of income or so saved per year (then add in investment performance). 

Good news is you aren’t counting carry and that can quickly add up to a lot of money (my wife is in PE so I’ve seen how quickly money can add up), but this year is setting up to be a tough one so hard to know what you can count on going forward. 

 

About to be 27 years old (4.5 years work experience at end of this year)

Brokerage: $160k

Retirement accounts: ~$40k 

Should have more in retirement accounts but was leaning towards grad school at one point so prioritized cash savings. Given where the market is right now I’m pretty content with where I’m at, ~$200k net worth.

 

25 - 2 years banking; 1.5 years HF.

~$20k in cash.

~$235k in investments (brokerage / retirement accounts).

Net worth: ~$255k.

Similarly to a user above, I have a significant amount of unrealized losses because I was (still am) over-levered to tech / NASDAQ. My NW is a lot lower now than it was a year ago but that comes with the territory.
 

 

26, Canadian
$375k net worth (no money in co-investments and 0 carry). 4 years of banking and PE combined.

 

Age 27, +/- $300k with the market today, hit a high of maybe $440k last year but high beta gives and it takes. This will be first VP bonus, so should get close to where I was in a couple months if the market stays flat.
 

Doesn’t seem right to exclude coinvest given it’s just another way to deploy capital, but I value it at cost until realized. At cost, add another maybe $40k. 

 

26yrs old, 4 YoE, live in London. In US money I’d say I have about $50k in retirement accounts, $80k in illiquid private company investments and $20k in my bank account. Friend of mine in REPE wants to look at distressed hard assets over the next 18 months which might be fun to put my next bonus into, some of the IRRs are crazy on Opportunistic RE and I’ll certainly learn something about a new asset class. People say I should save for a house but I don’t see the point, would have locked in a much less nice living situation than letting my quality of housing increase alongside my earnings, especially in finance where in the junior years your earnings go up by some multiple between 1 and 1.5 every year

 

24 second year analyst $130k including brokerage, 401k, cash etc

 

23 2nd year, banking

Cash 150k

Brokerage: 20k

iBonds: 10K

Just started working on my finances last weekend and definitely under optimized.

Would love to connect with anyone else looking for solid investments (airbnb, small bizz, etc)

 

Aut et fugiat nostrum. Quas est et est sed omnis ex sed quaerat. Dolores nemo omnis distinctio.

Deleniti quos eligendi et quibusdam debitis. Iusto sed nihil error nostrum voluptates. Et velit voluptas cum illo animi. Harum fuga fuga quia omnis.

Et beatae omnis non et soluta dignissimos ut. Alias maiores consequatur aut sapiente ducimus hic veniam. Animi recusandae ut odio impedit qui molestiae.

Career Advancement Opportunities

March 2024 Private Equity

  • The Riverside Company 99.5%
  • Warburg Pincus 99.0%
  • Blackstone Group 98.4%
  • KKR (Kohlberg Kravis Roberts) 97.9%
  • Bain Capital 97.4%

Overall Employee Satisfaction

March 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 98.9%
  • KKR (Kohlberg Kravis Roberts) 98.4%
  • Ardian 97.9%
  • Bain Capital 97.4%

Professional Growth Opportunities

March 2024 Private Equity

  • The Riverside Company 99.5%
  • Bain Capital 99.0%
  • Blackstone Group 98.4%
  • Warburg Pincus 97.9%
  • Starwood Capital Group 97.4%

Total Avg Compensation

March 2024 Private Equity

  • Principal (9) $653
  • Director/MD (21) $586
  • Vice President (92) $362
  • 3rd+ Year Associate (89) $280
  • 2nd Year Associate (204) $268
  • 1st Year Associate (386) $229
  • 3rd+ Year Analyst (28) $157
  • 2nd Year Analyst (83) $134
  • 1st Year Analyst (246) $122
  • Intern/Summer Associate (32) $82
  • Intern/Summer Analyst (313) $59
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
DrApeman's picture
DrApeman
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”