Private equity comp in London?

Was just wondering what the comp progression is for private equity associates to partners at MFs/UMM based in London.

I am told that associates generally start at 150k gbp all in, but wanted to get some clarification

Private Equity Interview Course

  • 2,447 questions - 203 PE funds. Crowdsourced from 750k+ members
  • 9 Detailed LBO Modeling Tests and 15+ hours of video solutions.
  • Trusted by over 1,000 aspiring private equity professionals just like you.

Comments (10)

Jan 12, 2020 - 8:12am

so how much you think for first year associates (i.e. straight out of IB 2yr analyst program)? 200k gbp?

Array
  • Prospect in IB-M&A
Jan 15, 2020 - 10:02pm

Considering MF PE Associates get $300k in the US, probably. Is there a reason why London wages are significantly lower than NYC's?

Jan 16, 2020 - 3:48am

It depends per fund but somewhere in the £150-200k is feasible. Average would be closer to ~£170k. Top end I've heard of is ~£250k.

Array
Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
Jan 13, 2020 - 5:38am

1st year assoc in large cap PE is pretty consistent at $250k - $300k, with 2nd year usually being quite a bump going up to as much as $400k.
There are 1-2 outliers that pay some additional non-cash perks on top.
Afterwards it gets a bit more blurry as the duration of programmes differs across firms, and might include senior associate vs. VP vs. xx, include or exclude carry etc.
VP / principal level usually gets 25-40 bps of carry, depending on the size of the underlying fund (e.g. global fund vs. smaller European vehicle).
Afterwards I guess the sky is the limit, but I'd expect the average large cap PE partner to be at mid- to high single digit $m a year (not all cash).

Jan 13, 2020 - 3:09pm
Start Discussion

Total Avg Compensation

April 2021 Private Equity

  • Principal (7) $694
  • Director/MD (16) $593
  • Vice President (63) $371
  • 3rd+ Year Associate (66) $267
  • 2nd Year Associate (127) $250
  • 1st Year Associate (269) $224
  • 3rd+ Year Analyst (24) $164
  • 2nd Year Analyst (60) $136
  • 1st Year Analyst (172) $117
  • Intern/Summer Associate (18) $71
  • Intern/Summer Analyst (191) $60