Private Equity Standard

A 20% bonus is extremely low. Typically, bonuses match or come very close to your base salary depending on performance. 55k is an extremely low base number. I'd say your values are bottom of the barrel.

Based on what I've seen/know, the average for a first year analyst is probably around 70-90k base and a 50-90k bonus.

Justalurker, Thank you for your comment. I understand that 55k base & 20% bonus is extremely low for direct PE. But are you saying that these values are extremely low for PE secondaries as well?

Ahhh, I didn't even catch the "secondary". I apologize. As far as that goes, I wouldn't even be able to forward a guess. Sorry about that.

appreciate your input regardless!

Yeah for a secondaries outfit this is pretty much standard salary.

Justalurker is talking about direct PE buyout shops.

You can expect 20-40% of base as bonus in FoF or secondaries.

Base should be higher but if its not a huge fund 55k seems reasonable. Especially if you're not in a high CoL area such as NYC/SF/Boston/DC.

SanityCheck,

Thank you very much for your comment.

So 20-40% of base is what I should expect to get as bonus regardless of my years of experience in the firm?

On the lower side that's correct. A top 5 AUM secondaries fund will usually give 40+% of base as bonus.

SanityCheck, Thank you very much. Can I ask you some personal questions via email? I can't PM you because I don't have enough points. Please let me know

any idea on what GS PE FoF bonus is like for Analysts? 15-25k reasonable?

I just got an offer from a PE firm in a secondary location. I'm straight out of undergrad. My base is 60k with up to 50% bonus.

My offer from a Top 3 AUM secondary was 70-80K base with 40-70k bonus.

Very low cost of living in midwest. Size of city is less than 2 million.

Guys, how would you evaluate the size of a seocondary firm with 8.7$ billion AUM at the end of 2011? Is it considered, big, medium or small?