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!

Comments (6)

 
Dec 27, 2009 - 3:02pm

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

 
Dec 27, 2009 - 10:33pm

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.

 
Jan 12, 2010 - 9:44pm

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)

Start Discussion

Popular Content See all

LETS FKING GO BOYS
+133IBby Intern in Corporate Finance">Intern in CorpFin
You Did it Citi
+120OFFby 2nd Year Analyst in Investment Banking - Industry/Coverage">Analyst 2 in IB - Ind
HELP: Sticky Situation with Boss
+110OFFby 2nd Year Analyst in Investment Banking - Mergers and Acquisitions">Analyst 2 in IB-M&A
Idgaf anymore
+31IBby 1st Year Analyst in Investment Banking - Industry/Coverage">Analyst 1 in IB - Ind
Anyone else just want out of this shit?
+29IBby 2nd Year Analyst in Investment Banking - Generalist">Analyst 2 in IB - Gen
Evercore Target Schools?
+26BSCHby Prospective Monkey in Investment Banking - Mergers and Acquisitions">Prospect in IB-M&A
To Snitch or not to Snitch?
+20OFFby 2nd Year Analyst in Investment Banking - Industry/Coverage">Analyst 2 in IB - Ind

Total Avg Compensation

March 2021 Private Equity

  • Principal (7) $694
  • Director/MD (15) $627
  • Vice President (61) $374
  • 3rd+ Year Associate (63) $267
  • 2nd Year Associate (121) $248
  • 1st Year Associate (256) $223
  • 3rd+ Year Analyst (24) $164
  • 2nd Year Analyst (58) $137
  • 1st Year Analyst (168) $119
  • Intern/Summer Associate (18) $71
  • Intern/Summer Analyst (182) $59

Leaderboard See all

1
LonLonMilk's picture
LonLonMilk
98.5
2
Jamoldo's picture
Jamoldo
98.4
3
Secyh62's picture
Secyh62
98.3
4
CompBanker's picture
CompBanker
97.8
5
redever's picture
redever
97.7
6
frgna's picture
frgna
97.6
7
Addinator's picture
Addinator
97.6
8
NuckFuts's picture
NuckFuts
97.5
9
Edifice's picture
Edifice
97.5
10
bolo up's picture
bolo up
97.5