PE Business development compensation? What's the typical range for a VP?
Have an offer to join a group - purely as a BD guy in pacific northwest area. I have transaction experience so I don't mind making the switch but curious if this is market? $180k base, $125k target bonus, and then a sourcing bonus.
Depends on a few factors. What is the latest fund size? What is the average deal size? And what is the % fee? Can't really tell without knowing the whole picture.
Fam office type 1.3 bn
Seems in line cash comp wise. Can’t really speak to the sourcing fee and what that equates to though. Congrats!
What level? Geography? BD team size? Fund size? There are comp surveys floating around with BD data points, tends to depend on those factors. That sounds great though, if you don’t take it pls refer me. I know a few groups are hiring / just hired, wonder if it’s one of them haha.
west coast, VP, 1.2bn AUM
My bad, completely missed VP in the title. Yeah that looks in-line / slightly above average for all-in comp, congrats. A 1.3bn fam office on the west coast... wonder if this is the one I interviewed with (in LA).
These guys are in Pacific northwest but congrats and good luck on the interview. PM me if I can be helpful. Was it a BD role?
How many years of banking experience do you have?
1 year banking, cycled out quickly when I got a PE offer
That seems like a great offer for a couple years of experience.
Sounds slightly above market for the firm/geography. I'm in BD in the Midwest and would be happy to send some surveys I have and keep in touch
Bump
what's BD in a fund setting? A mix of IR and Deal sourcing?
bump
Can anyone speak to comp range for a business development associate? $5B fund, non cold calling role. Trying to get a sense for market comp.
If it’s not sourcing then what does the role entail?
Primarily intermediary coverage
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