CPPIB Progression levels

Hi everyone,

Based on my research CPP IB progression is looking as follows.. but not totally sure.

Based on this, is Principal the equivalent to VP in most other organizations, and Senior Principal=Director?

Analyst
Associate
Senior Associate 
Principal (= VP?)
Senior Principal  (= Director?)
Managing Director

Would love to get some clarity on this from someone that knows / on the inside.

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.

Comments (10)

Aug 2, 2021 - 12:45am
  • Analyst 1 in PE - Other
Aug 4, 2021 - 4:14am

This used to be correct but is out of date by a few months (see the edit below):

Analyst
Associate
Senior Associate 
Principal
Senior Principal --> MD
Managing Director --> Senior MD

  • Analyst 1 in PE - Other
Aug 4, 2021 - 4:35am

Think it was changed after they looked at the market and took the internal belief that the new titles were more in alignment with their peers.

People's titles should have changed by now to reflect this change.

Hard to really peg to those titles, would say that Senior Associate is somewhere between Senior Associate and VP and Principal is somewhere between Principal and Director. 

Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
  • Partner in PE - Other
Aug 17, 2021 - 11:05am

Honestly, it doesn't really matter since this shop doesn't source any deals - they are lucky to have endless capital and can have groups like KKR, Blackstone, and TPG contact them for co-invests at a moment's notice.

The team isn't the highest quality and they've had significant issues with turnover. Very beurocratic.

Most Helpful
  • Partner in PE - Other
Aug 17, 2021 - 11:24am

Nothing gets done...they have been "net sellers" of their PE exposure for two straight years. Their leadership has been lacking for 5 solid years - just look at all the turnover. They made a wacky hire for head of secondaries and just made a new promotion for head of PE after yet another person left.

Had a buddy that worked there as a principal fairly recently and he would tell me how they'd be creating like 90 page I.C. decks for co-invests handed to them on a silver platter and then their I.C. would just be like nahhh let's focus on infra or real assets. Something is really wrong with their PE team and the way they do deals as not much is getting done

Nov 23, 2021 - 1:33am

Omnis autem modi consequuntur dignissimos inventore amet. Consequatur qui corrupti architecto officia sed esse rem. Molestias doloribus praesentium sed omnis rerum perferendis in maiores.

Start Discussion

Total Avg Compensation

November 2021 Private Equity

  • Principal (8) $676
  • Director/MD (18) $575
  • Vice President (70) $361
  • 3rd+ Year Associate (70) $270
  • 2nd Year Associate (143) $252
  • 1st Year Associate (292) $219
  • 3rd+ Year Analyst (26) $159
  • 2nd Year Analyst (63) $134
  • 1st Year Analyst (189) $118
  • Intern/Summer Associate (21) $67
  • Intern/Summer Analyst (224) $59