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What's your rough cash comp / carry now? How much of a discount are you willing to go down to? What are your typical hours and what do you want?
DEL
400 cash as VP is below market. You can absolutely get 300+
You could get a corp dev gig that nets 300 incl equity in nyc / hcol city. Doing that in an lcol place is a totally different ballgame. So partly depends on that. Id definitely reach out to some HHs with your selection criteria and go from there
Move out of NYC. Quality of life with a family will go up tremendously. You will be a stud instead of a cog. Pay may go down but relative pay will go up.
Move where?
Is SF, Bos, LA, CHI any better
Echoing the above. Have to move out of nyc.
This is some student or highschooler LARP'ing. Some of his recent threads include asking if he should transfer from his non-target (5 months ago) and another comment where he's saying he's working at a MM in SF (2 months ago). Next
DEL
DEL
You just changed your post to "test". Big brain move "weirdo". Yawn
DEL
oh the irony
Probably best to move to Chi = Bos > SF where work culture differs and maybe going downstream in PE may give you more flexibility but should def do your due diligence on culture/wlb. How are you handling your burnout and managing stress? Are you taking care of your health or is it just the sheer stress from the work and responsibility you have?
Culture at the relevant Chicago shops is not good
BDT? arent majority of PE shops sweaty culture? wondering if there are notable firms with good culture
Mind I’m only an Associate but I think going to a growing MM/UMM firm might be better suited for you if you are getting bored in current role. 70/week is a lot for PE especially for current market. I do think going away from NYC will help but I understand wanting to stay.
I'm a bit suspect here honestly. I worked at one of the firms you mentioned and while I wasn't a VP, your cash comp is more comparable to that of an associate at one of these places rather than a VP. The DAW 5M carry tracks but it sounds like you're getting grossly underpaid cash-wise.
He just got promoted so it could be his Senior Associate comp. Unclear.
Surprised to hear that at these kind of firms you're "only" at $5m DAW? I thought they are outliers both in Cash and Carry comp? Just to confim, how many years of PE experience do you have in mind when referencing the $5m? Aren't you at most firms at ~$4m DAW, so was expecting these firms to be materially higher?
EDIT: Also, what cash comp would you consider more representative for these firms at VP level?
Send my regards to your nephew.
VP should be pulling at least 550k cash plus
New VPs; experienced will be more.
"I have really enjoyed working in PE so far"
So it's safe to assume you aren't working at Apollo?
Smaller shop will help.
If you're serious about spending more time with the family, look into Corp dev roles at highly acquisitive pe-backed companies. Many of them are remote.
I placed someone into a remote CD role with a base of $325k last year.
Wouldn't the lifestyle at these highly acquisitive portco's basically be just as bad as PE? And if not, why not, if they're effectively taking over a lot of the PE's responsibilities?
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