Mid-level AM comp

Based on the most helpful WSO content, your offer seems to align with market trends for mid-level asset management roles, though it may lean slightly on the lower side depending on the firm and market specifics. Here's a breakdown:

1. Compensation Benchmarks:

   • For a 3-6 YOE range in asset management, especially in primary/secondary markets, base salaries typically range from $125k to $150k, with bonuses in the 20-40% range.
   • Some data points suggest that at top-performing firms, total compensation (base + bonus) can reach $250k+ for mid-level roles.

2. Your Offer:

   • $155k base salary: This is slightly above the typical base range for your experience level, which is a positive.
   • 25% target bonus: This is within the expected range but could be on the lower end if compared to firms offering bonuses closer to 40%.
   • $10k moving allowance: This is a nice addition, though not uncommon for relocation packages.

3. Market Context:

   • At a Top 200 PERE firm, the offer is reasonable but not overly competitive. For example, a 3rd-year analyst at a $20B+ AUM firm in a secondary market reported $100k base + 50-60% bonus. Similarly, a VP in REPE in the Midwest with 45-50 hours/week reported $130k base + 40% bonus + carried interest.

Verdict:

Your offer is within market range, but it could be slightly improved, especially on the bonus side. If the firm has strong growth potential or offers significant career development opportunities, it might still be a solid choice. However, if you're looking for top-tier compensation, you might want to negotiate or explore other firms with higher bonus structures or additional perks like carried interest.