Benchmarking MF/UMM PE Base Salaries

My firm is thinking of bumping up base salary and so I was curious what AS1 salaries were for the big ones. Will keep updating as data points come in. Sorry if this has already been created elsewhere.

Edit1: Please comment what the before-and-after is (as in before this new wave of increased base salaries in IB and after if it changed at-all).

Data Points:

$1-2BN - $100K - TBD on bump

$1-2BN (new fund) - $200K

$1-3BN - $115K

$2BN - $130K

$4-7BN - $100K

$5BN - $120K - no change but bonuses increased in 2020-21

$15BN - $150K

MF (BX tier, but not BX) - $120K - no change

MF - $150K - no change

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Comments (79)

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  • Associate 2 in PE - LBOs
Aug 13, 2021 - 11:19pm

It's been $120K for some time now. Steps up to $130K for second years.

Bonuses were increased by $20K to $30K this past cycle. I think all-in, AS1 made $310K and AS2 made up to $360K (inclusive of $10K of one-time payments).

I wouldn't be surprised if bonuses went up a little bit, but haven't heard of any plans to raise base.

  • Analyst 1 in IB-M&A
Aug 13, 2021 - 5:28pm

Damn I'm a first year at an EB and make more than that, what fund is this lol

  • Intern in IB - Restr
Aug 13, 2021 - 5:13pm

this 240k all in shit is what people are selling their soul for?? someone quick tell me they only work 60 hours before i stroke of confusion... or tell me youre making 2 mil at 30 or something

  • Intern in IB - Restr
Aug 13, 2021 - 5:37pm

genuinely curious, when does the pay from that start to take off from banking pay? like would a 30 year old who did 2 banking -> pe be making way more than a 30 year old svp who stayed in banking? say were comparing EVR to BX

Most Helpful
  • Analyst 1 in IB - Gen
Aug 14, 2021 - 10:52am

I mean pre-MBA associate is basically another analyst stint. People aren't really "selling their souls" for that shit (just like they wouldn't be for fucking analyst comp as career bankers) they're doing it for the same reasons they chose banking: potential later career $$$s and exit opps. 

Nobody does banking / PE for the analyst years or pre-MBA associate years they do it to lay the ground work for something else. That's like saying doctors become doctors for their residency years working 80hr weeks.. lol no they do it so they can come out with a secure $200-800k a year pay check for the rest of their life. 

  • Associate 2 in PE - LBOs
Aug 13, 2021 - 11:00pm

Current fund is ~$1-2B and AS1 comp was: $100K (base) + $100K (bonus)

For AS2, comp was just bumped to $115K (base) + $115K (target bonus)

  • Associate 2 in PE - LBOs
Aug 15, 2021 - 10:59pm

AS1 was always $100K + $100K, they are still determining the bump upwards but we don't have any 1st years right now, so I don't know the amount.

AS2 was previously $110K + $110K, so $10K all-in bump for the year. 

  • Associate 1 in PE - LBOs
Aug 14, 2021 - 5:53pm

Your title says AS2 - what would that # be for AS1? Thanks!

  • Prospect in IB-M&A
Sep 18, 2021 - 5:56pm

Assuming this is BX? Out of curiosity what can 1 expect at MFs these at the associate level given how banks, EBs in particular are paying AS1s base salaries of 170/180 alone?

  • Analyst 1 in IB-M&A
Sep 18, 2021 - 8:59pm

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  • Associate 1 in PE - LBOs
Sep 18, 2021 - 9:00pm

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  • Analyst 1 in IB-M&A
Sep 18, 2021 - 9:01pm

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