What is market comp at the VP level for MF / UMM these days?
Got a VP offer that I wanted to run by folks here to get their take give recent comp increases across the board in both PE and IBD.
Base + Bonus: $575k
Carry: $4MM
Overall seems like a pretty strong offer but wanted to collect other datapoints just as a sense check. Thanks all.
Is this vp1?
Think it’s a good offer. VP1 market is in 550 range VP2 575-650 VP3 625-750 could be more.
Carry is one time per fund?
Cash piece looks right and in line with market. What’s the vesting on the carry?
All I’m gonna say is there are sr associates at my firm making $650…principals at 700+ cash. No idea on carry piece.
But fruit for thought on carry — 13bn fund @ 2x and 20% and 50bps is $13mm…
50bps isn’t much
Apollo is the only firm where I have heard of this.
Ok so snr assoc at 650 but principal at 700+? So no vp? So that’s Apollo or bx. Both scale snr assoc comp meaningfully to principal. So what’s your point exactly? Also lol at your kindergarten math. Nobody is paying a vp 10m+ carry regardless of fund size. The market dictates comp not back of the envelope math
What surprised me is Associates will make base $150k at an Apollo or BX but Principals base will only go to $175k at those shops, a lot of it is in the bonus; carry separate ofc.
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