NYC REPE Salaries - 2022
Curious to see how market is paying these days / hours people are enduring and if im getting burnt
Currently an first year associate at a top 50 PERE, all in ~$240-250k. Would say typical week is ~60-65 hours.
Bump. Would also help to add detail like 1st, 2nd, or 3rd year associate.
Bump
Curious to know the splits between base and bonus
Bonus this year is a TBD
same, bump
Associate 2 in MF REPE. At about $310k inclusive of carry/equity. Without it, closer to $270k.
What is your breakout in the $270K? Base / bonus and how does you carry structure work?
Can you edit to specify whether the REPE is a MF or not? PERE 50 can vary wildly.
Would consider it on the lower side of a MF
Anyone giving MS isn’t in the industry. The hours are drastically different outside of MFs, thus I’d assume the pay would be too. No point comparing pay at Apollo to some sub $1B AUM shop who raised the majority of their fund last year (PERE ranks by fundraising, not total AUM)
Agreed
My fund manages $3-$5bn of equity total (no $1bn funds yet) and we pay right around $300s for associates. AUM =/= high comp. AUM, returns, and headcount matter. If you manage $3bn with a lean team, profit per head could very well be higher than apollo
How many years of experience to be associate at your shop?
As little as two but because the pay is good we often end up with people with more experience than that. Also a handful of post MBA associates
But we’re not even top 50 REPE according to PERE… therefore we’re bad and pay is low lmao
Please sort yourself into the non-MF pile, we don't care about you here. Anyone in the industry knows that
Don’t think PERE ranking really means much. You could very well be at Sculptor and I know for a fact Sculptor pays more than AEW despite their respective rankings.
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