PE associate comp at a $3-5bn fund
Hi all,
Just got a 1st year PE associate offer from a firm of $3-5bn AUM for $275k all in, no co-invest and no carry. In NYC. Am I getting lowballed here? Seems like on this forum the consensus is that for a firm of this size, average comp is at least $300k all in with some form of co invest or carry. I know I might be sounding picky I’m just not sure what market comp is for a firm of this size. Thanks in advance.
Associates don't get carry. 300k is market
Probably on the lighter end but not completely off market, based on my first and second-hand data points. Better indicator is fund size as opposed to total AUM. What is the latest fund size for the firm?
As noted above, carry is rare at the associate level and co-invest rights vary from fund to fund given paperwork is a pain to set up for associates that may be there for ~2 years.
Thank you so much! It’s actually 2 different offers for the same $275k comp in NYC.
First offer, latest fund was $1bn (AUM of $3bn). Second offer the latest fund was $2.5bn (AUM of $5bn)
That’s market
No problem! As other posters have noted, that’s market comp for firms of that scale
This is definitely market for that fund size.
very light thats associate level pay not snr associate
Wait a minute.
You secured two different PE offers from two different funds, and both offered you $275k comp? And with these two separate and up to date dates points, you still think you’re under paid?
Is this one of those humble brag posts in disguise?
For a 1bn fund that feels very market if not a little above.
Market
Comp is fair as others have suggested. Which offer are you going with?
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