What is the path to $3mm comp in finance?
What is the path nowadays to making a good ~$3mm around 33-37 years old? If one starts at a top bulge bracket and exits to a UMM or MF what is the path to that $3mm comp benchmark? Move to MM PE eventually and rise the ranks to Partner? Go to a HF? Start a PE?
Bump.
Bump
$3mm in cash? Would assume the easiest of traditional finance would be: banking MD > hedge fund PM >= PE MD.
So you think BB coverage MDs are making ~3mm per year on average? I know things are slow now, but typically over the long term we can expect that? And PE MM MDs are making around $3-5mm too? Over long run on average?
It’s not like you reach a certain level and are suddenly guaranteed multi-million cash comp via base + bonus. Vast majority of it will be performance driven (investment exits in PE, P&L performance in HF, and deal closings in IB).
Cash comp? Time travel back to pre-2008.
Another day, another prospect planning how he’s going to spend his $3mm annual comp when he’s a MM PE partner at 33 years old.
don't CEOs in the UK only make like $1mm total comp
Median total direct compensation by country for CEOs of T100 companies:
US is closer to 14M EUR.
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