Am I being underpaid?

Hearing about associates making 300k+ has me thinking that I am underpaid, but my WLB is pretty amazing...

$110 Base / $50k Bonus - Minimum Guaranteed

Based in LCOL area

1st year LMM PE associate

Get a 20/40k deal bonus (20k for add-ons) and can invest the bonuses into the deal.

If the deal bonuses do not surpass the $50k, then I get $50k, if they surpass the $50k, then I only get the deal bonuses.

Ideally close at least 2 deals a year.

Hours are 9am-7pm, rarely have weekend work

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Comments (5)

Oct 13, 2021 - 3:02pm

Yes, my friend. You are being relatively underpaid. With inflation and increases in pay street-wide, associate comp should be $200+ at the bare minimum. But sounds like you have a good thing going. Can't put a price on WLB.

Oct 13, 2021 - 3:48pm

My take is that based off the WLB balance, deal bonuses, 50k just being a minimum (how much higher can bonus be?), and LCOL, that it actually all feels like a pretty solid overall package. How has fund longevity and returns been? If those are good the deal bonuses could be very nice. 

  • Analyst 1 in IB-M&A
Oct 13, 2021 - 8:35pm

how LCOL are you. Know a reputable 500m fund ($1B+ AUM) in a lcol area paid $150 all in. Seems like lmm in lcol can have up to a 25% discount compared to t1 cities. 

Oct 14, 2021 - 1:46pm

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Total Avg Compensation

October 2021 Private Equity

  • Principal (7) $694
  • Director/MD (18) $575
  • Vice President (68) $367
  • 3rd+ Year Associate (68) $270
  • 2nd Year Associate (141) $254
  • 1st Year Associate (287) $220
  • 3rd+ Year Analyst (26) $159
  • 2nd Year Analyst (61) $135
  • 1st Year Analyst (185) $118
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