What’s associate / senior associate pay at LMM PE firms like Riverside / LLR Partners?
What are the base salary / total comp at firms such as Riverside and LLR partners? Any other reputable LMM PE funds that are comparable? What’s culture like and ability to move up the ladder? Any insight on comp / culture for associate and beyond would be great. How does carry work at these firms who receive carry even at the associate level?
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Spoke with Riverside for Associate 1 role and they were something like $135+$135 for a T1 city. Mid 2’s pretty much.
Is the pay the same in the Cleveland office, always thought Riverside is HQ in Cleveland.
Is riverside comp standardized across offices?
Any insight into which Riverside fund this relates to (RCAF or RMCF)?
Bump - interested in this. Falsaf any insights?
Who cares, both great firms? LLR has phenomenal culture. I don't get the obsession with pay. Do you love what you do, and are placing yourself where you want to flourish and are energized by those your surrounded with, or are you following pay? I'm not being negative, but you'll be happy two years from now if you ask yourself that now.
Edit: coming from someone still single, and allowed to not care by hungry mouths to feed. You're going to be warren buffet, or not. If you can be happy and pay rent, and see the future. all is good
Pay is definitely important. Cause $1 early in your career is meant much more than $1 in 10 years. I have fellow analyst who are already multi millionaires given the market rally during pandemic. I don't want to slave my life away making other people rich. Obviously I agree pay is not the only consideration, otherwise I would just stay in banking. Anyone that can shed more lights on riverside and LLR or other comparable firms would be great.
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