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Career Resources
Good luck getting carry to materialize at a place like Insight after last year
What happened to insight last year ?
Could you add some more info. Just know they had pretty poor returns.
even without carry their cash comp is still very competitive fwiw
Recently went through PE recruiting for Tier 1 cities associate roles. I would say market comp for MM is ~$250k with UMM/MFs paying $300k - $350k. I would expect closer to $250k for GE shops.
are you able to get a sense for how pay progresses as you go through promotions? wonder who would be best to ask such a question, HH or team itself
Definitely don’t ask the team this. Pay progression is so far in the future and difficult to get promoted either way. Assume pay progression (as % bumps) will be similar at most firms.
Isn’t that low for MM? Given $300k was the comp not too long ago for MM. also curious what’s the breakdown between base & bonus, 50/50? Secondly, how do you define MM? $2-$5 bn latest fund?
Unless you really want the PE experience, consulting is becoming more and more of a good option over GE for those who know they don't want to go the classic buyout route. You can come in at the post MBA level in consulting if you fully complete your 2 years in banking to come in at 220-250, have business school guaranteed to be paid for, and be much more likely to make manager making 300-350+(compared to senior associate/VP in GE). The comp discount in GE forces you to think hard about it unless you land at a high comp GE shop like Insight/GA/MF growth arm/etc.
Current 1st year associate - $270k total comp + additional bonuses if you source a deal, at a firm who’s latest fund was between $1-5b
can you elaborate on rough range for those additional bonuses? How common is it to actually source a deal your first year?
Bump what are these bonuses? Are they paid at the end of the year?
Not sure what market comp is but recruited for SA 2024 at a couple of growth firms and heard 160-200k all in for AN1 (firms were both in the 1-5B AUM range).
You mind dropping what the firms names were? Would appreciate any insight
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