[Resource] VC Analyst & Associate Pay Benchmarks

Hello VC monkes and hopefuls, I've noticed a lot of questions regarding VC/Growth compensation. Here's the data, gathered by a survey of folks in a community I'm a part of, for Analysts (fresh from UG, generally) and Associates (generally after 2 years in IB/consulting). 

FYI -- I think the carry stats are very, very off to the upside. No Associate I know is getting anywhere close to 1% carry at any fund, let alone a $2B growth fund. (1% carry at a $2B fund would be worth $4M... if the fund underperforms and only returns 2x!)

Hope this is helpful. Data is US only, with a bias towards SF/NYC

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September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.9%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

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  • Morgan Stanley 03 98.9%
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  • Goldman Sachs 01 97.9%
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