PE Associate Bonus
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Fund Size (LMM/MM/UMM/MF): MF
Location (Tier 1/2/3): T1
Base / Bonus / TC: $200 / $225 / $425
Level (ASO 1/2/3/SA): ASO 2
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Based on the most helpful WSO content, here's a relevant data point for MF PE Associate compensation:
This aligns with the trends seen in top-tier locations for MF PE associates. Let me know if you'd like further insights!
Sources: Benchmarking MF PE Associate Salaries, https://www.wallstreetoasis.com/forum/investment-banking/bonus-season-comps?customgpt=1, PE Associate Offer - Comp Too Low?, Q&A - 1st Year PE Associate at a US MF in Europe (KKR, BX, TCG, WP, TPG, BC, APO), Truist Securities ANL/ASO Bonus
Fund Size: LMM ($350mm)
Location (Tier 1/2/3): T3
Base / Bonus / TC: $140 / $140 / $280
Level (ASO 1/2/3/SA): SA
Why am I getting hit with MS?
Fund Size (LMM/MM/UMM/MF): MM
Location (Tier 1/2/3): T1
Base / Bonus / TC: $150/$150/$300
Level (ASO 1/2/3/SA): ASO 1
sounds like a NYC JAMMBO. Guessing Charlesbank, AEA, GI, TowerBrook, Am Sec
Bump
Fund Size (LMM/MM/UMM/MF): MM
Location (Tier 1/2/3): T3
Base / Bonus / TC: $260/$155/$415
Level (ASO 1/2/3/SA): SA
Wow that’s great comp for T3 - rough fund size?
about $2.5Bn aum
Is this incline?
Not even close. Incline does not pay anywhere near that much. I heard senior associate at incline is $250k all in
Umm / t1 / a2 / 425
Fund Size: $10Bn latest fund
Location: NYC office of an European UMM/MF
Base / Bonus / TC: $180 / $270 / $450
Level (ASO 1/2/3/SA): ASO 2
What was ASO1 comp? 380?
Fund Size: MM
Location: T1
Base / Bonus / TC: 145 / 155 / 300
Level: ASO 2
Fund Size: $750
Location: T2
Base / Bonus / TC: 200 / 150 / 350
Level: SA
Fund Size: MF
Location: T2 (not NYC)
Base / Bonus / TC: 150 / 230 / 380
Associate 1
Would u mind dm me which firm it is thx
KKR
Fund Size: $700
Location: T3
Base / Bonus / TC: 180 / 135 / 315
Level: SA
Fund Size: MF
Location: T2 (not NYC)
Base / Bonus / TC: 150 / 200 / 350
Associate 2
Didn’t know my MF pay is below market..
I thought the $400+ numbers were above market tbh
Fund Size: UMM
Location (Tier 1/2/3): NY
Base / Bonus / TC: $200 / $230 = $430k
Level (ASO 1/2/3/SA): ASO 1
Latest fund size range?
sounds like 11-13b
Veritas?
This feels like veritas, can someone confirm
$430 is insanely good for first year associate. Is this market now?
Fund Size: UMM/MF
Location: T1
TC: $450
Level: ASO 2
Generally satisfied with comp with positive feedback going into SA / on track for VP promote. However, have started to find the work increasingly boring, but not sure if taking the plunge on HFs makes sense. Don't mind the grind and genuinely enjoy investing, but hesitant to give up a decent seat for uncertainty involved with publics. Would appreciate thoughts of anyone else in similar boat.
nah, stay at get to VP, once you acquire 3mm in the bank then switch careers
Fund Size: UMM
Location (Tier 1/2/3): 1
Base / Bonus / TC: $150 / $225 = $375k
Level (ASO 1/2/3/SA): ASO 2
Feels like MF market is now 350k ASO1 and 400 ASO2? Some of these MFs have sneakily moved up even further, looks like, though we should keep in mind these are all probably top bucket numbers being posted
How do these A2 numbers benchmark against A1? I’m curious about the progression, thanks!
Fund Size: MF
Location: Tier 2
Base / Bonus / TC: $155 / $265 = $420
Level: ASO 2
Fund Size: MM ($3bn)
Location (Tier 1/2/3): T2
Base / Bonus / TC: $150 / $125 / $275
Level (ASO 1/2/3/SA): ASO 2
Am I underpaid given fund size? Will touch ~$300k as a SA.
Think that's pretty underpaid I think. Are you pulling normal PE hours ?
Like ~60ish during a "normal" week, but obviously can ramp to 90+ during live deals -- any sense of what market $ would be for a $3-4bn fund at the senior associate level?
+/- $360k
This range sounds about right. For reference, I'm at a 750mm fund and will be ~325k for SA . But I will say I would do just about anything for a 60 hour week...
Agreed that for ~$4Bn fund a $350k-400k comp would be market average
Where do the public MFs shake out?
Bump for more LMM data points
Just dropped mine below
Fund Size: LMM ($400M)
Location (Tier 1/2/3): T1
Base / Bonus / TC: $175 / $50 / $225
Level (ASO 1/2/3/SA): ASO 1
Probably slightly underpaid but good WLB / culture.
Fund Size: $2-3bn
Location: T1
Base / Bonus / TC: $150 / $210 / $360
Level: Aso1
Impressive numbers - congrats!
Fund Size: 2-4bn
City: T1
Aso 1
$125 / $135 / $260
~80h/week
Lol with that comp you work 40hrs a week brother
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