Return to Office - Quick Survey for PE Associates/Senior Associates

I'll start. 

1) Size: Right between MM and LMM and a Tier 2 city

2) Comp: 100k + 100k

3) Office: Associates get their own office

4) Travel: 1x per month. Few associates travelled during covid. Expected a big return back to travel. First class allowed. No private jet

5) PortCos: 3 PortCos covered. Quarterly valuations, general reporting, attend board meetings, add-on M&A. 

6) Hours: M-Th 9:30am-8pm, F: 9:30-5pm, 5-7 hours total on weekends

7) Vacation: 2 Vacations but haven't taken it yet

1) Size of your shop and location - LMM in a large T2 city

2) Base + Target Bonus - $125K + $50K + exit bonuses

3) Do you get your own office or cubicle? - In an office

4) Travel schedule pre-pandemic (times travelled per month)? Travel schedule post-pandemic? Do you get to fly first class/business? Does your firm fly a private jet? - Pre-pandemic, maybe once or twice a month. Post-pandemic, significantly more than that, but it's mostly a function of me being ~15 months more senior. No jet. I've actually never asked if I could fly first class. I don't really care, as long as I have a window seat, I'm usually asleep.

5) Number of portfolio companies covered. General responsibilities? 2.5 where I would say I'm the primary junior resource (one is split). On those, I'm M&A, lender interactions, strategic planning and supporting initiatives, maybe some other ad-hoc stuff. We're a small team and generally everyone goes to every board meeting if they're available and stays up to speed at a high level.

6) Usual hours M-Th, Fr, and Sa/Sun - M-Th: Get in between 8 and 10 usually, leave around 7 or 8 to feed my pets and plug back in after if needed when things are active. F: Same, but out around 5-6 if things are slow. Sa/Sun: If needed when things are active. I have a pretty nice WFH set-up at this point, and they don't force me to be in the office which is nice.

7) Vacations per year and length of vacations: I think I technically have 15 days but again, we're pretty flexible on what constitutes a "vacation" given the industry.

1) Size of your shop (MF/UMM/MM/LMM) and location - UMM Tier 1 City (NY/SF/LA)

2) Base + Target Bonus - $125k + $140k

3) Do you get your own office or cubicle? - Cubicle (open floor)

4) Travel schedule pre-pandemic (times travelled per month)? Travel schedule post-pandemic? Do you get to fly first class/business? Does your firm fly a private jet? - N/A no travel as of yet 

5) Number of portfolio companies covered. General responsibilities? - 2 Portcos only junior resource so typically doing all the high-level and detailed stuff as well

6) Usual hours M-Th, Fr, and Sa/Sun - M-Th: 9am - 9pm, Fri: 9am-6pm; 4-5 hours sat sunday

7) Vacations per year and length of vacations: TBD

1) Size: LMM / MM in large Tier 2 city (Chi, Bos, etc.)

2) 1st year comp: $100k + $75k + exit bonuses

3) Office: cubes

4) Travel: 5-10x per year, coach

5) Number of portfolio companies covered: 4 PortCos covered. Add-on sourcing and underwriting, board materials, budgeting / forecasting, and miscellaneous admin stuff (quarterly valuations, investor write-ups, etc.). 

6) Usual hours: Really depends, probably average 55-60 hours a week when things are light, but can be 100 when you're working a platform on a tight timeline. Deal teams are thinly staffed

7) Vacations: Technically 2 weeks but pre-c19 I don't think any associates took more than a few days. Forced a week-long vacation during C19 for mental health. But people are pretty chill / respectable when you do take time off or have personal commitments.

Bump, interested to learn 

1) MM (~$1Bn fund size, major metro outside NYC)

2) $110 base + 100% target bonus

3) Cube in a bullpen setup

4) Pre-pandemic: frequent travel (1-2x per week) for MPs, portco work, board meetings,etc. Post pandemic: travel for MPs still, most portco stuff has been virtual. First class travel unless with one of the founding partners (will take the private jet then)

5) 2-4 portcos per associate. Attend board meetings, valuations, lead add-ons, review reporting packages, manage lender relationships, help with budgeting and long-term planning, miscellaneous fire drills that pop up, etc. 

6) M-Th: 9am-7pm in office, usually 1-3 hours at home. Out by 5-6 on Friday, and usually at least a few hours on weekends, more heavily concentrated on Sundays. Maybe 60-70 hours a week in normal times. Can approach 100+ during deals and frequent travel per COVID made things tough at times. 
7) No vacation policy. Associates tend to take one real weeklong vacation in the summer, along with a fair number of weekend trips. The office is a ghost town around the holidays as well. 

VP but most comparable to Senior Associate in some geographies. (Continental) EU.

1) Size of your shop (MF/UMM/MM/LMM) and location

LMM/MM - €500m-€750m funds, €1.5bn AUM

2) Base + Target Bonus

€100k + €30k; carry

3) Do you get your own office or cubicle?

Share my office with supporting junior

4) Travel schedule pre-pandemic (times travelled per month)? Travel schedule post-pandemic? Do you get to fly first class/business? Does your firm fly a private jet?

1-2 days per week, first class trains (Europe, regional)

5) Number of portfolio companies covered. General responsibilities?

1-2, quarterly reporting, add-ons, board meetings, weekly CEO/CFO calls, refi, exit, etc.

6) Usual hours M-Th, Fr, and Sa/Sun

9:30am-8:30pm M-Th, 9:30am-7:30pm Fr, and couple hours on weekends - can obviously significantly increase on intense deals. 

7) Vacations per year and length of vacations

20 days excl. public holidays

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