How often do people take pay cuts moving from the sell-side to private equity? For example, for mid-market firms, the comp range seems to be around $165-210K these days (lower end for non-NY based firms), which would suggest that some folks would have to take a slight pay cut moving from banking to PE.
I was just wondering if this is the norm or the exception, and whether most people value the PE experience so much that they'd be willing to take a slight hit on compensation to move to the buy-side.
Also, from a business school or future employment perspective, does it really matter if one had to take a pay cut in order to move to the buy-side?
Thanks for your thoughts.
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