MM regional PE firm associate salary PLZ HELP!

gopadub's picture
Rank: Baboon | 166

I was wondering about this firm

http://www.stonehengepartners.com/aboutus.php
StoneHenge Partners is a MM ( 700 mil in assets) etc It is located in Columbus, Ohio with 7 principals, a CFO 2 VPS and 2 associates. I was wondering that with the experience most of the people have on this site, and the website i provided. How much do you think an associate might earn at a place like this? What might a bonus + base be like btw i would come right out of college and they have never done that before. Thanks for your help!!

PS i hear Blackstone associates earn 900k a year.......... wow............. if that is true.

THANKS FOR HELP AGAIN :D

Comments (24)

Feb 28, 2011

It's really interesting that none of the associates have IB experience, then again it's a really small firm. I say salary is probably 70-80 with bonus being 30-40.

Feb 28, 2011
Antsman:

It's really interesting that none of the associates have IB experience, then again it's a really small firm. I say salary is probably 70-80 with bonus being 30-40.

likely a good guess.

Feb 28, 2011

He is but give the bugger a chance

Feb 28, 2011

thanks and having 700 mil in assets doesnt seem too small idk it isnt a boutique prolly like a said a MM firm....... and I dont know why u are calling me dumb........ considering the fact that i said i dont know much....and also the fact that I came to this website in search for help...... .. and if it is 70-80k only ..... yea it prolly isnt worth working there thanks Antsman, and wallstreetoasis.com more help is always welcome

Feb 28, 2011

i thought from some other post that MM pay 200k to associates with bonus first year correct me if i am wrong please .....without and insult........ Thanks!

Feb 28, 2011

English please.

Feb 28, 2011

No one is going to pay 200k straight out of school.

Feb 28, 2011

That $70K + $30K bonus seems pretty accurate. I'd be very surprised to learn comp was anything more than $120K all-in.

Would you guys even consider this middle-market? They look for deals with $2M of cash flow, so we're talking total EV of no more than say $20M.

Mar 1, 2011
BananaStand:

That $70K + $30K bonus seems pretty accurate. I'd be very surprised to learn comp was anything more than $120K all-in.

Would you guys even consider this middle-market? They look for deals with $2M of cash flow, so we're talking total EV of no more than say $20M.

Simply knowing 2MM of cash flows is not nearly enough to pull a valuation of 20MM out of your ass. What if the company has growth of 20%, on cf (cash flows of 2MM in year 1), WACC of 15%, and upon exit in year 2015 has 20MM of EBITDA with public comps trading at 5x. And also has 15MM of net debt.. way above 20MM.

Feb 28, 2011

I see..... and I think this is one of the best PE shops in columbus ohio. Thanks you very much any of you guys know any good PE firms in the columbus ohio area?

Thanks again. I am finding this very useful

Mar 1, 2011
gopadub:

I think this is one of the best PE shops in columbus ohio.

Oh well in that case.

If I had asked people what they wanted, they would have said faster horses - Henry Ford

Mar 1, 2011
happypantsmcgee:
gopadub:

I think this is one of the best PE shops in columbus ohio.

Oh well in that case.

Yeah 900K doesn't seem to far off then

    • 1
Feb 28, 2011

and the only reason I am doing this is cuz i like New York and got an intern offer at Morgan Stanley but my parents live in columbus and dont want me to leave, and mi amor is here too studying Pre-Pharm so idk.... i really appreciate the help honestly :D

Feb 28, 2011

1) When you hear of people earning 200k+ their first year in PE, it's because they're working at BX/KKR/TPG etc, that is the big guys. Smaller firms don't pay as much.
2) You'll prolly break up sometime in the next year or two, so I'd take the MS offer in NY (if it's for IB)

Feb 28, 2011

Love the humility, just don't go around saying Blackstone associates earn 900K a year because people will call you names.

Feb 28, 2011

haha sorry...... I just heard that from my friend who works at goldman (prolly pulling my leg) but on payscale it says around 200k maybe more reasonable...Another question i have is that this company really is growth..... i found another one one http://www.lazearcapital.com/ which is deals with distressed and i think they like me as well you think this one might be better? Thanks again and i should rephrase i was gonna propose to her in like a couple months lol we have been dating since middle school ( ah the good old days ) and that MS one is more financial analyst then IBD and my goal is like most IBD--> PE-----( if pay is good stay, if not start my own) . Thanks again all !! and excuse my grammar/spelling mistakes I am out and about and doing this on my blackberry

Feb 28, 2011

Why do people think because they are posting on the internet, all grammar goes out the window? I am not saying I don't have a few typos here and there, but sometimes I am seeing whole paragraphs with no punctuation. Even for a Blackberry, this is pretty bad.

Mar 1, 2011

Stonehenge is a sub-debt investor, not a buyout shop. Like all MM sub-debt investors, they do co-invest in their deals, but it is usually a very small amount ($1M?). This isn't a traditional MM Buyout shop and hence I wouldn't expect to be paid on the same scale as MM Buyout shops.

I've done some work with the Stonehenge guys (two in particular), and I think they are very reasonable, good people. I'd say go with the opportunity if you are interested in MM lending (as opposed to direct investing).

    • 1
Mar 1, 2011

i doubt you will make more than 60K all in your first year there. great exit opps to university of phoenix's executive MBA program though...

    • 1
Mar 1, 2011
TheBenevolent:

i doubt you will make more than 60K all in your first year there. great exit opps to university of phoenix's executive MBA program though...

Astonishing you have over 300 posts and only 1 SB...wonder why.

Mar 1, 2011
HFFBALLfan123:
TheBenevolent:

i doubt you will make more than 60K all in your first year there. great exit opps to university of phoenix's executive MBA program though...

Astonishing you have over 300 posts and only 1 SB...wonder why.

Hahahaha. I was thinking the same thing.

Regards

Mar 1, 2011
HFFBALLfan123:
TheBenevolent:

i doubt you will make more than 60K all in your first year there. great exit opps to university of phoenix's executive MBA program though...

Astonishing you have over 300 posts and only 1 SB...wonder why.

how about you start including your Silver Banana / Monkey Shit ratio in your signature, such an impressive figure

Mar 1, 2011
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