Do REPE SA/VP/Dir expect base/bonus bump annually or is 'bump' inherent in carry?
As title asks, do 'mid-level' REPE pros expect base/bonus increases each year or is the comp 'increase' inherent in the carry you earn that's vesting each year? If it's inherent in the carry, what # of years would need to pass to command a base/bonus increase? Because if you accepted a comp package in 2020-2022 and are flat on base/bonus, you're 20-30% poorer in real terms, and given the environment, that carry liquidity event is far off for most.
Or do you expect base/bonus step-up only when a new fund is raised?
Curious to hear expectations/experiences of others.
TYIA!
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