Given the recent increase in IB salary, what should I expect for firms with $1-3Bn AUM and investing out of a $500MM-1Bn fund? Any data point helps, can you break it down by base pay, cash bonus, carry or co-invest? And, how are bonuses determined in PE?
| +180 | Future of PE | 38 | 23h |
| +33 | Best industry/job for entrepreneurship? | 11 | 1d |
| +30 | What are you actually using AI for in PE? | 13 | 10h |
| +19 | Burn Out in PE - What Comes Next? | 3 | 2d |
| +15 | Buyside in London with nice WLB and pay | 15 | 3h |
| +12 | Value Creation Initiatives (That aren't add-ons) | 3 | 1d |
| +10 | Firm not transferring me to NYC | 6 | 1h |
| +10 | Undergrad summer PE analyst positions | 3 | 3d |
| +9 | Laid off from MM PE - Seeking Help | 1 | 47m |
| +9 | 2028 Oncycle PE | 11 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Can be a really wide range depending on geography. I’ve seen as low as 200 all in, with the average being around 250-270. For context, offers I’ve received:
-100 base / 100 bonus
-100 base / 150 bonus + coinvest
but have also heard of 140 base 130 bonus
Can you explain how exactly does Co-invest work?
You generally put in $x amount of dollars and the fund will typically match it 1 on 1 loan generally interest-free (or really low interest).
Ex: An individual puts up $100k, your firm will also 'loan' you $100k. If the firm 3.0x MOIC your $200k stake will become $600k and then the firm will take back their initial loan ($100k) leaving an individual with $500k which is 5x of capital invested
Starting soon at a startup fund ($200mm AUM), got $120k base + undisclosed target bonus (they are buying out my AN1 bonus from my bank for $85k) + 75bps of carry.
We’re they covered by traditional HH / what geo is this?
CPI / NYC
What should I expect for a decent crave-out / divestiture shop that's like KPS or Sun Capital with ~$2.5Bn AUM and investing out of a $1Bn fund?
KPS has 15b of aum and 6b fund... not comparable
I'm referring to funds that have similar strategies like KPS or Sun Capital but are smaller. Read again.
Expect at least 125K + 125K or else you’re getting robbed. 150+150 is what I see for MM, but 500-1Bn fund size might make it a bit lower. Don’t expect carry, but my firm lets me put ~$100K coinvest but it comes from my own pocket.
What type of lifestyle should I expect?
I used to work in MMPE and lifestyle was pretty shit tbh. Averaged around 70 hrs but that would go up to 90-100 when deals got busy (typically ~3 times a year)
This is exactly what I heard for funds that actually generate 20%+ IRR
Is MF life worse? Would it be accurate to say MM is 70 per week vs. 90 on average at MF? I have to imagine most MM associates have considerably more weekend time to themselves, based on what I’ve read on prior threads. I’m heading to MM so am hoping to have far more free time
Following
Now that IB base for Analyst 2 is 125k-135k, should PE associate base at many firms be bumped above that range to attract talent?
150K Base / 150K Bonus - ~$2B AUM - West Coast
This seems about right for $1Bn fund and typically comes with co-invest and partner track. At least that's what I'm seeing from the small sample that I'm interviewing with.
Officia a iste qui dolorum. Dolorum tenetur voluptatem non et quaerat.
Id hic vel aliquid quae et facere. Aut non voluptates labore. Maxime assumenda odio hic voluptas doloribus. Maiores mollitia aut fugit velit. Ut modi dignissimos dolorum iure. Corrupti repellat impedit tempora quia quia veritatis quia.
Optio quo et minus nostrum aut. Qui nihil consequatur dignissimos odit quos assumenda aut.
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...