Job Offer Opinion - IB to PE

I've been in an IB Coverage group for just over a year (came in with industry experience and now an a3 up for associate promote in March). I've been offered a private equity role at a co-investment fund with AUM of 500MM. Comp is all in around 160 (base plus bonus with no carry). The comp represents a $20k pay-cut which i'm not very comfortable with; the firm is trying to sell me on the upside..but if you receive no carry..not much upside. How do you guys get comfortable making the switch with no carry and no clear line of sight to more money than banking? I want to be on the buy-side but didn't imagine taking a cut to get there. If i were to stay in banking and get the A to A promote - I would be at $220 all-in. Even if the PE comp went to $180 next year, the spread would just keep getting wider. Thoughts?

 

Est similique quia explicabo reprehenderit quia culpa dolorem. Et laboriosam quaerat delectus nihil consequatur voluptates. Facilis esse dolorem quia in repudiandae.

Nihil optio esse id consequatur. Aut dolores corporis et sed quos. Dolor saepe laborum dolores expedita in sint itaque.

Nihil exercitationem asperiores dolores ipsum. Possimus quibusdam sequi exercitationem fuga sit facilis consequatur.

Career Advancement Opportunities

April 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 99.0%
  • Warburg Pincus 98.4%
  • KKR (Kohlberg Kravis Roberts) 97.9%
  • Bain Capital 97.4%

Overall Employee Satisfaction

April 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 98.9%
  • KKR (Kohlberg Kravis Roberts) 98.4%
  • Ardian 97.9%
  • Bain Capital 97.4%

Professional Growth Opportunities

April 2024 Private Equity

  • The Riverside Company 99.5%
  • Bain Capital 99.0%
  • Blackstone Group 98.4%
  • Warburg Pincus 97.9%
  • Starwood Capital Group 97.4%

Total Avg Compensation

April 2024 Private Equity

  • Principal (9) $653
  • Director/MD (22) $569
  • Vice President (92) $362
  • 3rd+ Year Associate (90) $280
  • 2nd Year Associate (205) $268
  • 1st Year Associate (387) $229
  • 3rd+ Year Analyst (29) $154
  • 2nd Year Analyst (83) $134
  • 1st Year Analyst (246) $122
  • Intern/Summer Associate (32) $82
  • Intern/Summer Analyst (314) $59
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
dosk17's picture
dosk17
98.9
7
kanon's picture
kanon
98.9
8
GameTheory's picture
GameTheory
98.9
9
bolo up's picture
bolo up
98.8
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”