What is "Street" MM PE Compensation for Associate 1 & 2 and Senior Assoc. (3rd year)
Seems like street for MM Associate 1 is 110-125k with 100% target (i.e. 220-250k all-in) for $500-3bn funds. Haven't seen much talk about what the standard raise is for the 2nd year, and then what the Senior Associate offers look like for the third year.
This varies a lot more than IB, not only between city tiers but even within the city itself, fund performance, specific niche, etc. We are top quartile and have been for over 15 years in what most would deem a tier 2 city. I started as Associate 1 and spent 3 years before VP promote. 1st year - $100k Base $100k Bonus, 2nd year $100k Base $130K Bonus, 3rd year $120k Base $160k Bonus. All cash, doesn't include carry.