Saw a lot of posts/info. about GE in US but does anyone know about the compensation in Europe (mostly london) for Associate level? I had a few calls with HH but they were proposing 100K pounds as base, which was slighly lower than my expectation tbh
1. Curious about overall Base + Bonus for Associate level
2. How it differs by fund size esp. MM/LMM
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Based on the most helpful WSO content, here's what you need to know about Growth Equity compensation for Associates in London:
Overall Base + Bonus for Associate Level:
Differences by Fund Size (MM/LMM):
If the headhunters are proposing £100K base, it seems slightly above the standard base for MM/LMM funds but could still be within reason depending on the bonus structure and fund specifics.
Sources: Private equity comp in London?, Is this associate compensation competitive?, My Path - MBA Banking Associate to PE, Megafund PE -> Impact Investing (IFC World Bank)? Am I Crazy?, https://www.wallstreetoasis.com/forum/investment-banking/qa-md-in-ma-and-capital-markets-with-bulge-bracket-and-boutique-experience?customgpt=1
Comp for GE Associate in London should be £80-100k depending on the firm's pedigree. You'll definitely take a cut from banking as in most MMPE
Thanks, lower than I thought...! and is it okay that I assume the bonus would be 70~100% of the base salary? So base + bonus would land around £160~200K?
hahaha that's what HH will advertise but reality is 30-50% bonus at best
I am very keen in growth and not much money driven in my decision to go into the space. Yet find a lot of difficulty to get info and it seems you know well the space given you know salaries / bonuses. Would you be available to answer some questions? Would really really appreciated it. Happy to do it anonymously
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