Trending Content - Private Equity Forum
| +380 | London MF REPE is paradise | 25 | 10h |
| +75 | The Peanut Portco | 7 | 1d |
| +52 | Seeking External Perspectives | 13 | 5h |
| +22 | My Work Products Get 95% There, is that a failure or somewhat expected? | 13 | 5d |
| +19 | Negotiating sale economics with CEO? | 4 | 17h |
| +18 | LMM PE to PE-backed Corp Dev? | 2 | 3d |
| +18 | Career Advice | 1 | 8h |
| +16 | Joseph Baratta to Leave BX | 16 | 2h |
| +16 | GP Associate 1 Comp | 5 | 12h |
| +15 | PE -> CFO at Portco -> Back to Investing | 1 | 10h |
Career Resources
Following
Really hoping so haha it would blow to be paid less or equal to a first year analyst
.
Heard Ares did, not 100% tho.
What did they bump to?
V anecdotal but I know if one MM fund ($1.5Bn fund size) bumping associate base from $125 to $150. No word on bonus. I also know of another fund ($1Bn fund size) that bumped post MBA associates from $175 to $200 (100% target bonus)
Is this PE or PC?
Bumps to 125 or 150 is what would make sense in this range hoping others follow suit
no, 125, and 150 are already street standards. They're gonna needa bump further to remain competitive.
bump
I haven’t seen a lot of MMs bumping due to COVID - market is too fragmented. Still seeing $120-140 base + 100% bonus at MMs that I know.
Literally the same pay as a 2nd year at an EB now lol
It’s wild seeing some of these banking numbers compared to the MM PE world now. Kind of thinking it was a mistake to make the move to be honest
Congrats on being in such a great and enviable spot. Ignore my title (just didn't update) but MBB does feed quite well into PE but you won't have the whole universe of shops available to you. For example, my peers went to H&F, Advent, Permira, Bain Cap, TA, Insight, etc. but did not have an opportunity to work at the likes of BX, Carlyle, etc. It really just depends on what type of PE shop you want to work at but every single person that recruited in my class ended up at a very well known UMM / MF PE shop
OP here.. what are u talking about..
Wrong thread buddy
Haven't heard anything about pay raises for junior folks on the private credit side, need more voices behind it. IB comp making these exit opps look dry af now.
really is. I'm in early stage talks with a few firms now but it's looking like the money factor might hold me back for another year til I get some more clarity.
Trying to fight this fight now in my direct lending group. Granted we were already behind the curve and haven't tweaked comp levels in 5 years, so it was already overdue
Hearing lots of different numbers. What is the comp for associates in direct lending generally in NYC and lower COL cities?
Good man/woman right here.
Any updates on this for juniors?
This side of the fence will move very slowly to meet increases I think. You have a lot of ancient boomers who just sit there and do nothing while accruing all the benefit to themselves. They won't move until they start seeing pain, and that pain won't come until all their mid level folks experience pain because they can't get junior support. It will take a full recruiting cycle at least, where far fewer people are choosing to leave banking for PE/PC. It's also far more fragmented than IB or Big Law where all the firms move in lock-step. Maybe I'm wrong, but I have these arguments every day with senior guys about how we need to make sure junior staff is happy so they don't leave. Most of the time it falls on deaf ears. When the junior depth collapses and I literally have to do everything myself...I might just leave too.
This exactly
Agreed -- senior guys won't move unless they start to lose people. And I think generally they view anyone sub-VP as fungible. One leave another one will show up, etc.
Only exception to this may be if firms have a very low win rate in the fall hiring season. That will raise some red flags.
From the perspective of VP level and seeing my friends from MBA recruit into investing roles.. it sucks out there comp-wise compared to banking. I have a bunch of friends looking at $350-450 for VP at MM/LMM, coming out of MBA with 6 YOE (8-10 years out of UG). There is carry but you don't get paid on that for many years, and I'm not sure it makes up for lower cash comp for so long.
What are banking associates getting paid in total now, $300-350? What am I missing?
Something something better lifestyle than banking in theory
MM VP getting 350k. Which firms..? Maybe Golub? Most MMs wouldn't pay that low for a VP1. Assoc1 base is already 140-150 standard with ~100% bonus.
Agree, BB Banking Assoc1 now are gonna be at ~300-350k
I think $350 is pretty up the middle with LMM and trickling into the smaller MMs, especially outside of NY
have seen 350-400 being a very common number for vp1 at 750m-1.5b funds
BX raised
To what? And for PE or PC?
Work at BX and haven't heard anything yet.
FYI - all main investing strategies, at least that holds true for PE / REPE / TacOpps / Credit, are paid the same base and bonus, so raise should be across all strategies if it is true.
Intern, speak on where you heard this or forever hold your tongue
Can confirm that three PC shops bumped analyst base. These were all return offers, so I have no idea about associate comp.
Which shops?
Don't want to get so specific cause credit side is much smaller, but think of shops that typically take interns. The bump was to 100k base, and I think most were at 85-90 before.
And what did they raise to?
We need more voice / communication here. There is something unnerving about a Baird first-year making more all-in compensation than me w/ three years of experience and two years in PE.
100%
bump, any more recent updates?
Bump. Curious if there's been salary raises recently now that on-cycle for 2022 has wrapped up.
Bump, esp for analyst level all-in comp
I know for a fact my shop (MM) is contemplating comp increases after several folks voiced concerns around being underpaid. Don’t know what the exact amount will be yet.
MM PE shop raised base to $115k for first-year analysts
Ares analysts bumped to $110k base and associates bumped to $150k base. I work at Ares.
Thanks. Is this credit? Also, what is bonus? 50%?
Bonus is a lot more than 50%, lol think 100%
What’s the bonus % for analysts look like?
Unfortunately don’t know for first year analysts but for experienced analysts the bonus was in the 100%-115% range. Hope this helps.
Bonus is > 100% for the PE group.
What’s the bonus look like for first-year analysts, second year, etc?
Can you read?
Any news on any MF (BX, GSO, Golub, Ares) that raised salaries? If they did, what was the old base and the new base at the analyst level? Thx
BX raised to $110k AN1 and $140k ASO1.
Deleted
Really? Thanks for sharing but numbers seem pretty low. BX discount?
Really? Are the BX numbers for PE or PC?
KKR Sr An 130k (don't know prior). KKR Assoc0/1 150k, prior was 130k.
1st year associate at HIG Whitehorse pay got bumped to $115 base / $105 bonus from $100 / $85 and bumped the free co-invest from $10 to $20
Ut quas rerum ut commodi. Quod est modi et at quia. Est cumque itaque quo tempora.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Dicta ipsam enim et libero. Delectus nam qui laboriosam quae atque ipsa. Numquam unde illum iusto ab alias.
Iusto sunt odio dolorem. Dolor recusandae ut et incidunt dolorem quasi corporis velit. Ut voluptatem aut ratione.
Earum perferendis delectus perspiciatis quas corporis odio. Id itaque qui hic nemo perferendis magni. Et ratione voluptatum saepe consectetur harum.
Ut aliquid repudiandae doloremque reiciendis eos cum illo. Eius ut molestias et nihil maxime fugiat perferendis.
Id at velit ut rerum. Deleniti architecto omnis nesciunt accusamus. Quo voluptas consequatur numquam tenetur ea nihil eaque quis. Consectetur totam delectus voluptas accusamus. Non corporis et totam incidunt delectus in. Ea et non quos eligendi aliquam ut.
Expedita nesciunt fuga eius cupiditate id et. Sunt architecto praesentium rem adipisci assumenda quo minima.
Qui officia maiores ea nihil assumenda enim omnis vel. Aliquid pariatur accusamus qui quia sequi.
Sint ipsum esse officia ullam vitae. Excepturi numquam dolore nobis voluptatem veritatis sunt. Rerum enim placeat maiores est accusamus. Quia illum commodi aut voluptatem quos et. Atque vitae voluptas excepturi aperiam et.
Facere voluptas nostrum dolor molestiae facere quo. Accusantium optio ut impedit a vel. Rerum repellendus est inventore autem.
Vero aperiam nam mollitia. Cumque autem sapiente vel. Corporis excepturi voluptas est facere officiis et maiores. Nisi eum et corrupti eos eligendi ad. Sit placeat ea ea sit tempora ipsam minus.
Sint voluptatem eum aliquam aut voluptas. Nam repellat quaerat neque quis libero expedita voluptas. Architecto voluptatem magnam saepe debitis ducimus hic. Et laborum blanditiis totam in consequuntur dolor. Reiciendis magnam modi ducimus dignissimos quasi minus. Ducimus dolorem molestias ut aliquam saepe.