Hi guys, saw some top performing PE Associates exiting to Tiger, Viking, Loan Pine Capital etc.
What do those funds pay in order to convince people to join from PE firms like Apollo? Any insights on W/L balance?
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Bump - would be great to get some examples up
My buddy was ex-Apollo and had a stint at one of the funds you mentioned. He spent 7 years there and had two absolutely monster years in a row toward the end, then retired at something like age 31-32. Don’t know actual comp numbers.
Retired? So he completely left the workforce or simply has pursued other opportunities? Curious what he’s up to after leaving the fund if you can share
Fully retired. He does some personal / angel type investing to keep busy, but that’s it.
Is this the infamous pm from Viking that broke mr. Halvorsen’s wallet
Above is right. You won’t get exact numbers because how much completely depends on your performance, but analyst have known to consistently break 7 figures so that says something. Let alone what you would make at the PM/Partner level. There is a reason why there is extremely low turnover at these funds, and their recruiting is very low as well. Viking or Lone Pine might take 1-2 analysts a year (if they even have recruiting that year).
These places are really really hard to crack and usually when they do recruit it is for a small handful since retention is pretty high...No one has specific comp numbers that they could legitimately tell you unless they've worked there b/c it's highly dependent on firm performance...but 1 monstrously good year alone can be a game-changer in your life.
Me, daydreaming about getting a job at one of these places and breaking 7 figures before 30
You can do this at some MMs. Close friend/investor at BAM did but 2020 was a monster year for him. Apparently just crushed Q1 too though so..
from what others have shared with me, it seems like the larger ones (e.g. Lone Pine, Viking, Coatue, Maverick) probably pay north of $600k as a first year analyst (heard some people throwing out the $750k figure too...but uncertain how true that is)
however, small ones including crossover funds, generally pays meaningfully less, sometimes not even as much as what you would make if you stayed on as a 2nd or 3rd year at your current fund (especially if its a MF which tends to pay more due to bigger fund size)
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