Senior PE associate comp in London?
I'm a third year IBD associate and I'm in final rounds with a mid market private equity firm in London interviewing for an associate level 2 position.
Unfortunately I didn't apply through a headhunter so wasn't given an insight into comp and didn't want to ask during the interviews but I'd like to be prepared in case of negotiations if an offer is made.
All figures in GBP, details:
Hierarchy: Something like.. Associate (4 years) > Principal (6+ years) > Partner
AUM: not 100% sure but I'm guessing between £3 to 5 billion
Most recent fund raise size: £1 to 3 billion
Returns: their past funds have delivered strong returns
Based on the above, what comp package (base/bonus) could I expect as an associate 2 and the year after as an associate 3? Also at a fund like this, when would you expect carried interest to be given?
Current comp: £110k base as an IBD associate 3 in London, last year as an associate 2 I was on £100k with approximately 100% bonus.
Also out of interest, what would you expect a fund like this to pay as a principal in terms of base/bonus/carried interest? Thanks
Also interested
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How did you apply if not using a HH for a fund of that size?
I worked on one of their deals, after the deal completed I went out for drinks with them and one of them asked if I would be interested in joining them and I said yes, next thing I received an email inviting me to an interview.
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