I NEED confirmation

Hi

I am fairly new here and just want confirmation on PE pay. Do first year associates generally make around 350 at MF and is this position mostly given to people after only two years in banking. If so niiiiccceeee. 

Sorry if its a stupid question 

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Total Avg Compensation

June 2021 Private Equity

  • Principal (7) $694
  • Director/MD (18) $575
  • Vice President (65) $371
  • 3rd+ Year Associate (66) $270
  • 2nd Year Associate (133) $256
  • 1st Year Associate (273) $223
  • 3rd+ Year Analyst (24) $164
  • 2nd Year Analyst (60) $136
  • 1st Year Analyst (177) $118
  • Intern/Summer Associate (19) $70
  • Intern/Summer Analyst (206) $59