Senior Associate Comp
Received an offer for a Senior Associate position at a MM fund non-NYC/SF, ~3bn fund size, 140 base, 100-120% bonus, no carry. Does this sound fair to you fellow monkeys?
Received an offer for a Senior Associate position at a MM fund non-NYC/SF, ~3bn fund size, 140 base, 100-120% bonus, no carry. Does this sound fair to you fellow monkeys?
Career Resources
Feels a little low unless it’s in a lower CoL than Chicago as an example
I really hate the senior associate title because it’s so unclear what it actually means. If you’ve done just two years as an associate elsewhere and this is viewed as a relatively junior role, then seems fine but if you’re post MBA partner track than a little low (and should include carry).
Doesn't sound crazy for first year senior associate (after 2 years associate). If you're post-MBA, then it'd feel a little light, especially with no carry.
Definitely light IMO given the fund size. For reference, im at a slightly larger than $1B fund size firm and senior associate 1 total comp is $350K.
Sounds a bit light, recent comps I've seen for MM/UMM would be 350-400 for a first year senior associate (assuming 2 years already as associate and 2 years as an analyst elsewhere)
What’s your source? For MM / UMM I’ve been seeing more like 250 - 325
Work at one and have friends in similar shops. Those are like first year associate numbers
Just adding another datapoint - Sr. Associates at my fund are $450K all-in. Latest fund is in the $2-3B range, but currently raising in $4-5B range. Non-NYC. Sr. Associate role is more VP-lite position and is partner track. No carry though.
Voluptas assumenda cum aut facilis doloremque eligendi nisi. Non qui consequatur voluptatem blanditiis quaerat assumenda velit voluptatem. Quisquam dicta repellat et aliquid accusantium fuga. Et ipsa qui et quos quis. Voluptas labore aut voluptate fugiat ut.
Culpa dolore omnis sunt eos voluptatibus laudantium vel quos. Aut quidem vel et molestiae quia. Magnam praesentium aperiam consequatur nulla iure. Harum incidunt repudiandae quia rem sapiente dignissimos sed. Ut ullam molestiae velit doloremque.
Minus a aut quis beatae. Impedit porro autem nihil ipsum distinctio deserunt. Commodi consequatur inventore voluptatem illo. Nostrum quisquam officiis quo nesciunt.
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...