What is the normal expectation of an associate level?
Hi All,
I'm working for a PE fund in emerging market, and I know no one else in my circle that is working in a similar role. I want to benchmark on how much capacity are other associate level performing. Can you guys give me a color on what are your typical day-to-day tasks?
It'll be great if you also provide the following info:
- base salary vs. minimum wage multiple
- country domicile: develop/ developing country. I expect developed countries will have a more humane level of minimum wage vs. developing countries, hence lower salary multiple in general. And,
- team situation (no. of peers, no. of direct reports)
I'll start:
Tasks: company & financial overviews, create comps page, conduct industry research and data mining, write MoMs, making financial model but not entrusted with returns analysis as of now, lead the Q&A sessions with management, prepare PortCo periodic report, maintaining deal pipelines, and other small-small ad-hoc tasks.
Type of fund: MM fund
Year of being associate: 1st year associate
Base salary level: ~6x the average wage
Domicile: Developing country
Team situation: I am the only associate and report to more than 1 VP/Principal
Thanks for the insight beforehand.
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