I have spent the past two years as an associate at a $5B fund ($10B AUM), and my time in the program is ending. I am close to landing a few opportunities at some smaller funds ($400M fund, $700M AUM) at the senior associate level with long-term career prospects (i.e., promotion track). What should my expectation be for comp, carry and signing bonus? I am basically looking for the market stat; I am not going to try and shake these guys down for above market rates, but I want to be treated fairly. The opportunities are all in NYC. Thanks in advance for your input!
Dec 27, 2009Dec 27, 2009
Private Equity Interview Course
- 2,447 questions - 203 PE funds. Crowdsourced from 750k+ members
- 9 Detailed LBO Modeling Tests and 15+ hours of video solutions.
- Trusted by over 1,000 aspiring private equity professionals just like you.
Related Content
See morePopular Content See all
Total Avg Compensation
May 2021 Private Equity
- Principal (7) $694
- Director/MD (17) $582
- Vice President (64) $370
- 3rd+ Year Associate (66) $267
- 2nd Year Associate (127) $250
- 1st Year Associate (271) $223
- 3rd+ Year Analyst (24) $164
- 2nd Year Analyst (60) $136
- 1st Year Analyst (172) $117
- Intern/Summer Associate (19) $70
- Intern/Summer Analyst (195) $60
Related Events See all
Comments (6)
these are VERY rough guidelines and knowing how many partners that are there already would probably help these estimates but if I had to give rough #s / ranges, here you go.
Senior Associate / VP (post-MBA equivalent):
Base: $100-200k
Bonus: $100 - 200k
Carry: 0.25% - 2%???
here are some relevant discussions on PE on WSO:
//www.wallstreetoasis.com/forums/pe-pay
//www.wallstreetoasis.com/forums/private-equity-in-a-nutshell
//www.wallstreetoasis.com/forums/urgent-typical-pe-compensation-specifica…
//www.wallstreetoasis.com/forums/pe-bonus
//www.wallstreetoasis.com/tag/carry
//www.wallstreetoasis.com/forums/how-much
//www.wallstreetoasis.com/forums/someone-tell-me-why-starting-a-pe-fund-i…
//www.wallstreetoasis.com/forums/mm-pe-interview-questions
WSO Elite Modeling Package | PE Interview Course | IB Interview Course | All WSO Courses
Is a signing bonus common? Thanks, btw.
I am in the senior associate/VP range and can confirm Patrick's numbers above.
The problem with the firms you are targeting is that ranges and norms are bit more diverse. A signing bonus/relocation should be fairly standard but again the range is anyone's guess (i.e. 10-40K).
Feel free to PM me if you have any specifics
If I were you my ask would be as follows:
120-150 Base, 70-100% bonus, 50-100 bps carry.
-
Really? I would have expected higher for that level. I will be a first year associate next year, with targeted all-in comp at $300 - is the main step-up as you get promoted in the carry then? for the record, i will be at a larger shop (recent fund in the 5-10B range)
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Want to Unlock by signing in with your social account?