IBD to VC: is it normal to take a large pay cut?
Is it normal to take a large pay cut in both your base salary and bonus when moving to a VC fund from IBD? I'm currently a senior IBD analyst in London with total comp of approx £100k.
I'm interviewing with a VC fund for a senior analyst investment role offering total comp of £60-70k depending on both the funds and my performance.
That's a pay cut of 30-40% to my current comp?
Is this normal for VC or is their pay very low / I'm being lowballed?