What are people getting paid these days as Associates. It seems like it has moved upwards quite a bit industry wide and looking for anecdotal evidence of that. I can start:
Role: Megafund AM
Fund Size: $20B+
Market: Southeast
Experience: Associate 1
Base: $160k
Bonus: 60-70%
Hours: Varies, but 60-70
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Think it could be beneficial to throw in city or region where you work as well given the delta between jobs you’d find in NYC vs sunbelt markets. I was recently quoted the following for the RE arm of a traditional PE firm:
Role: Acquisitions/AM
AUM: $20B+
Experience: 5 years
City/Region: Southeast
Base: $125k - $135k
Bonus: $75k - $100k
Anecdotally Hours would shake out more than most firms in the area.
Good point, added market/hours to my post.
Ares ATL?
Transactions
$400MM owner operator
4 years
West Coast
$110k + 35% + co-invest
50 hours
When I was an Associate a couple of years ago:
Role: MF Acquisitions
Fund Size: $1.5B+
Experience: 5 years
Base: $110k
Bonus: 50% + carried interest in funds
Location: DC
What's your background?
Role: MF Dev. Associate
Firm Size: National Platform
Experience: 6 years
Base: $145k
Bonus: 20% + milestones 35%
Location: Bay Area
MF as in mega fund or Multifamily?
Multi family
I literally said to myself, "damn we've got a lot of mega funds posting" lmao
I need a raise after looking over the numbers in this thread lol
Bookmarking this thread for YE reviews to show Manager lol.
Role: Acquisitions/AM
Fund Size: $6B+
City/Region: West Coast
Experience: 3.5 years
Base: $120k
Bonus: 100%
Hours: 50-60+ depending on deal flow
Role: Acquisitions
Area: Northeast Metro
Title: Associate I
AUM: 25bn+
Experience: 1.25 year analyst lateral
Base: $150k
Bonus: 100%
Hours 75-80
Did you do ib first or is this 1.5 years out of undergrad?
Out of undergrad. Started in acquisitions at a large shop.
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