Comp, Carry, Signing Bonus
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!
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
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.
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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)
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