I'd like to start this thread to assimilate compensation numbers for associates in PE megafunds and MM funds.
Base + Cash bonus + stock bonus + any carry if offered.
Private Equity Associate Compensation
Starting a career in top private equity fund is a goal for many young financiers. There are two ways that most people get into private equity firms. One, after a successful two years as an analyst at a top investment bank. Two, as a post-MBA candidate. This is why associate level pay is more relevant than analyst pay. So let's take a look at compensation at the first year associate level. The funds listed below are all Mega-funds. The funds have been ranked by total average compensation. If you would like company and group-specific compensation data, please visit the WSO Company Database.
- The Carlyle Group
- Average Base: 190.0
- Average Bonus: 160.0
- Total Average Compensation: 350.0
- Apollo Global Management
- Average Base: 161.7
- Average Bonus: 167.5
- Total Average Compensation: 329.2
- Warburg Pincus
- Average Base: 160.0
- Average Bonus: 160.0
- Total Average Compensation: 320.0
- Advent International
- Average Base: 140.0
- Average Bonus: 140.0
- Total Average Compensation: 280.0
- Kohlberg Kravis Roberts (KKR)
- Average Base: 116.7
- Average Bonus: 151.7
- Total Average Compensation: 268.4
- TPG Capital
- Average Base: 119.0
- Average Bonus: 148.5
- Total Average Compensation: 267.5
- The Blackstone Group
- Average Base: 106.3
- Average Bonus: 117.5
- Total Average Compensation: 223.8
The information used to compile this list is from the 2018 Private Equity Industry Report. The report includes compensation data from 138 private equity firms.Remember that the compensation you are accustomed to hearing for top performers in the top groups in New York is well above the average for cities around the world. The compensation average graphs are a global average which includes regional cities and groups that bring the average down.
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