Many banking analysts have already accepted PE offers for 2010 or have started PE positions they accepted around this time last year. I'm wondering what some of your offers are/were like.
I'm trying to squeeze into a very specialized shop and as a result be able to negotiate a pretty solid comp package. I'm hoping for 110-125 base + 150 bonus + (10 to 25bps carry). But obviously depending on what market currently is, I may be asking for more/less.
Its a very specialized $3B AUM fund and I think I have a basis for justifying an above-market comp. I'm just trying to accurately gauge what market is... without shelling out $3K for the GloCap compensation report.
Damn. That looks like a really sweet deal.
It ain't sweet till you get it.
Ive stated this before but anyways... Mine is a bit lower ($250MM fund), and I just finished one year in banking.
base: $85k Sign-on: $20k Bonus: $70-150k
Plus they paid back my bank the signing bonus that I had to pay back, which was nice.
MonkeyKingdom, where is your firm located, geographically (in general)?
New York.
Marcus, 1st year analyst (post 2 year IB stint)?
Base: 100-120 Bonus: 80%-100% of base Carry: really depends on the shop (many shops do not offer participation)
Based on the AUM I would nego for 120 base + 140 bonus and as much carry as possible (anything beyond 25 bps seems aggressive given your current position)
Bc its specialized maybe you are nego from a point of leverage but in this environment I would not get piggish
Is it a media/telecom fund? If you don't want to publicly answer, PM me instead.
Is it $3bn AUM, including all legacy funds, or their most recent fund is $3bn and they have older funds? Is it a team of 10 folks or a team of 50? What kind of hours are expected of you?
I think the offer you are trying to negotiate for is way above market right now. By $150 bonus do you mean up to $150? That might be more reasonable. Also, MOST shops do not give carry to a pre-MBA associate. If you get any carry at all, consider yourself lucky.
~~~~~~~~~~~ CompBanker
I don't think our pre-mba staff gets any carry at all.
Voluptatum ad rerum itaque odit vero consequatur. Ut est at sed officiis dolore ipsa molestiae. Atque et et temporibus dolor labore. Ut et eligendi molestiae sequi expedita. Earum officiis consequatur natus soluta quibusdam rem et.
Possimus veniam voluptatum eveniet molestiae earum aut. Exercitationem quae id modi non iusto saepe asperiores. Dolorem natus dignissimos possimus dicta laborum. Rem qui quae dolores ratione ducimus amet laudantium.
Voluptate exercitationem eius molestias facilis. Aut voluptatibus possimus accusamus saepe. Perferendis hic sapiente quo libero et earum.
Voluptatem cum hic et ut vel veritatis. Dignissimos voluptate sed voluptatum est aliquam. Quo labore et dignissimos corporis tempora. Consectetur explicabo doloremque mollitia qui ut culpa odit. Labore et consequuntur asperiores repudiandae nam.
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...