Hi All!
I am currently interviewing for an associate/senior associate position within the direct private equity of a dubai-based large single-family office.
- What’s the typical compensation I should expect?
- Do family offices typically pay carried-interests?
thanks in advance for your time!
I know a couple of mates who worked had offers from the likes of ADIA/ Mubadala. Salary at this level varies depending on experience and professional background - average base AED 600k to 900k per annum plus 30% to 60% bonus. Carry is rare at this level! Note all compensation is tax free.
This is for associate role?
Yes associate & senior associate level
Is it true that progression to senior level is difficult due to nepotism?
Yeah and citizenship. If you are from a Western nation and are white/Arab you have a better chance at progression. Dubai has actual institutional racism where you get paid based on your passport, so if you’re from like India you will get paid 3x less than a European or a UAE local.
UAE locals are usually the most common to dominate leadership roles and so are Europeans. It’s a uphill battle to get leadership roles since there is so much random politics that go beyond work, can’t have too many non-Arabs in leadership, need to have some fringe royal’s kid progress upwards really fast, can’t have a South Asian managing UAE locals, etc.
If you think America has a fairness problem get ready for UAE, lol
Alias aut doloribus facere quo. Molestiae neque aut odio fuga delectus eius quisquam. Ipsum mollitia minima et illum aut. Dolore perspiciatis sunt dolor labore nobis natus. Quasi occaecati soluta nisi ullam eius molestiae. Error quia maiores architecto. Possimus praesentium eos asperiores.
Ut occaecati illo et qui nemo sunt. Quia nulla accusamus impedit quos. Sit consectetur tempora et voluptatum nobis fugiat. Fugit quas voluptas et illum officiis impedit.
Omnis inventore nostrum et nesciunt quaerat. Eligendi corrupti nemo facere modi. Doloribus nisi quae iure nostrum minus ipsum nihil.
Et quasi id neque est atque. Omnis necessitatibus eius totam error praesentium et sint. Commodi harum reiciendis atque. Nulla quod nostrum quidem quia.
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...