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For a 2nd-year associate in private equity, compensation can vary significantly depending on the firm size, location, and specific niche. Based on the most helpful WSO content:

  1. Base Salary: Typically ranges from $100k to $150k for mid-market (MM) funds and can go higher for larger funds.
  2. Bonus: Bonuses often range from 100% to 130% of base salary, depending on fund performance and individual contribution.
  3. Total Compensation: For a 2nd-year associate, total comp generally falls between $200k and $266k, with some variation based on geography and firm tier.

For example: - MM PE Funds ($500M-$3B AUM): Total comp is often $220k-$250k. - Top-tier PE Firms (e.g., Blackstone, KKR): Total comp can reach $266k or more.

If you're at a smaller or less competitive shop, the numbers might trend lower, but the opportunity for carry or co-investment could offset that.

Sources: Secondaries/Coinvestment Compensation, Is this associate compensation competitive?, What is "Street" MM PE Compensation for Associate 1 & 2 and Senior Assoc. (3rd year), https://www.wallstreetoasis.com/forum/private-equity/am-i-underpaid-associate-earning-200kyear-in-boston?customgpt=1

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

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