Trending Content - Private Equity Forum
| +48 | How much is enough? | 27 | 6h |
| +38 | Does this mean I am not cut out for PE? | 8 | 1d |
| +20 | How to Secure Higher Carry Award Before Promotion | 2 | 2d |
| +19 | Carried Interest Tax Question | 3 | 2d |
| +18 | I Don't Wanna Go To PE Anymore | 4 | 4d |
| +15 | Generalist MFPE tech (KKR / BX) vs >$10B pure play tech (FP / HG) | 1 | 6d |
| +10 | US PE alpha look abysmal in L5Y | 3 | 5d |
| +9 | How to prep for HH calls? | 0 | 1h |
| +9 | H.I.G GP Solutions / Secondaries Team | 1 | 2d |
| +6 | Technical Experience vs Industry Experience | 1 | 5d |
Career Resources
Bump
H&F is somewhere in the mix here.
Kelso
Lindsay Goldberg
Any specific numbers for Associate 1 comp that you can provide?
Last I heard which was a few years ago, I recall numbers being 325+
.
Not really, going to a top paying UMM and didn't know comp until I had the offer sitting in front of me.
how different was the actual from what you expected. 275-325 range?
How much are you making at your UMM?
Have heard this is false. Most people don't know outside of rumors and with on-cycle happening so quickly and offers exploding within 24-48 hours sometimes, I think PE associate comp is very valuable information. Not as clear-cut as IB comp.
An Oaktree special sits first year associate just posted all in comp of $316k a few days ago. Pumps me up.
UMM $280 cash + other kitchen sink of benefits
what are the other benefits? Curious
Probably Rx protein bars + La Croix pamplemousse in the pantry.
Not to hijack but related to all in comp over time - how much carry / co-invest are you guys getting? $5-7bn fund, up to ~$30k co-invest per platform. A1 is $275k plus random benefits bringing all-in close to $290k. No carry.
wondering, what do you mean by "random benefits"?
Not in PE but just starting in private credit as an analyst - one of the benefits I get is $5k in student loan repayment which is tax-exempt.
@DDTG - I’m hesitant to share specifics but most of it is health or convenience focused. Above snacks in the fridge sort of stuff. Also some $ towards entertainment type events that you’d likely incur anyway.
Generally don't get carry/co-invest at Associate level, especially at firms with "the highest associate comps".
You'll usually see carry or some mechanism therein come into play at smaller PE firms that are paying far lower on cash comp and are making it worth people's while through other carry-like incentives. I've heard of sourcing heavy shops paying out 1x bonuses of $100k or more if you source a deal that ends up making its way across the finish line. I've heard of levered non-recourse co-invest (i.e., you're making well under $200k cash comp, but are allowed to invest $20k with 3x leverage provided by the fund, so if hit a 2x return you get paid out an incremental $100k. Details can vary in terms of amount you can invest, whether its at deal level or fund level, amount of leverage they'll grant you. Have also heard of just straight carry, or a decent chunk of carry in a deal you source (again at a sourcing-heavy shop).
H&F is up there. Had a family friend do their associate stint
What was the comp step up from aso1 to aso2? and how generous were they with shadow carry?
If you like highest associate compensation, you’ll love highest associate compensation live.
Est animi excepturi dicta eos consectetur voluptatum. Earum vel nostrum delectus sunt animi. Consequatur ex est deserunt corrupti ut. Occaecati eveniet voluptate veritatis repellendus. Ut provident quibusdam sunt rerum sed esse. Omnis error omnis sint corporis molestiae qui.
Omnis sequi ipsa quia fugit illum. Est nulla voluptates saepe labore dolores deleniti aliquam. Soluta maxime nam vel. Vel sunt optio vel consequuntur illo quaerat libero.
Eos earum est consectetur mollitia repellat qui deserunt. Et consectetur qui sapiente nesciunt. Ea similique nulla et dolorem. Provident earum animi autem non porro sunt eum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Odio architecto in natus molestias ullam qui. Nihil unde eum voluptatem quaerat nemo consectetur.
Tenetur aperiam sed exercitationem et dolor labore nihil. Nobis neque eaque enim fuga. Hic quisquam in facilis tempora iste laboriosam laborum.