Tower Arch comp/WLB?
Hey guys, does anyone have any insight into comp/WLB for Tower Arch Capital in Utah? Or just any other info on the firm other than what I can read online? Seems like the best (or one of top 3) PE firm in Utah from what I can tell. Seriously interested in moving back to Utah for family reasons and and looking at options coming from an EB as an associate.
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I believe bonus higher than this, but could be wrong. Also know that you get coinvest at the associate level.
Great place from a culture and WLB perspective, but they do require MBAs for VP+ and they only take a VP or two a year so with all of the Utah / BYU guys who want that seat there's actually quite a bit of politics and it's a very relationship driven career track role
Dang that’s low… how does this progress into VP? $175k total comp is WAY below market. WLB better be pristine
It is a classic supply / demand story for PE in Utah. You have a huge supply of Utahns who are scratching and clawing to get back but only a handful of PE firms. You will find the PE firms there pay below market. 10 years ago it could be justified because LCOL, but not the case anymore. Best of luck!
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Have a friend there who's said good things about WLB and culture. not sure about comp but its all relative to COL
Helpful, thank you! Anything specific on hours?
55-65 hours a week with worst weeks maybe being 70-75ish, definitely seems lighter on the hours side given they've hired consultants in the past and they're still in the LMM-MMish area so wouldn't expect killer hours there even during bad times
Do you have any info on comp at associate an VP levels? Not LDS but like skiing 😂
When I interned there a couple years ago comp was ~$180 all in as a first year associate. I believe they have bumped it since then with the recent fundraise, but truthfully I have no idea on the VP level.
Another data point if helpful would be that associates are allowed coinvest on a deal by deal basis. I think most associates invest ~$10k per deal
Also, FWIW I would feel pretty suffocated there if I wasn't LDS honestly, but completely understand the desire for the location!
Bump, interested to see how folks value an opp like this vs NYC larger firm
Bump, any other info? Good place to build a long-term career?
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