PE salary straight from undergrad
Since it is rare to land a PE gig straight out of undergrad, I've had a bit of difficulty finding numbers on this.
- How much would a recent grad make at 1. a middle market PE firm in a city like Atlanta / 2. a top firm (Silver Lake/Blackstone)?
- Is it basically impossible to break into a top PE firm out of ugrad if you don't go to a target school?
Private Equity after Undergraduate: Salary and bonus
What salary (and bonus) can you expect If you join private equity after undergraduate? There are a few major private equity firms that
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given the small number of undergrads that go straight to PE, basically limited to a few schools (e.g. Wharton, Harvard, etc.) the best source may be Wharton's career survey. Last year ~5% of the class went straight to PE / VC, their average salary was ~$72K but salaries ranged from $55-90K. Given that most of these guys are landing at top firms (Silver Lake, Blackstone, etc.) I would expect salary at a MM firm in a secondary city like Atlanta to be at the lower end of that range.
http://www.vpul.upenn.edu/careerservices/undergrad/reports/WHA_2011cp.p…
[quote=harvardgrad08]given the small number of undergrads that go straight to PE, basically limited to a few schools (e.g. Wharton, Harvard, etc.) the best source may be Wharton's career survey. Last year ~5% of the class went straight to PE / VC, their average salary was ~$72K but salaries ranged from $55-90K. Given that most of these guys are landing at top firms (Silver Lake, Blackstone, etc.) I would expect salary at a MM firm in a secondary city like Atlanta to be at the lower end of that range.
http://www.vpul.upenn.edu/careerservices/undergrad/reports/WHA_2011cp.p…]
I know several guys that graduated from UGA and got PE analyst positions at Roark in Atlanta and got a base between 70-85k. It varied because some of the guys had double majors or graduated from the honors college.
Should be on par or slightly lower than BB, but probably no signing bonus
Slightly lower than IB but your bonus makes up for it and is consistent, usually much less reliant on outside factors like IB is.
Over 9000
http://www.compandcarry.com/get-the-results
Look at the "analyst " levels historically and extrapolate.
i've interviewed for two PE funds for undergrad analyst roles and one was street and one was just below street. the firm that paid below street was actually the larger firm.
It really depends. If you get into lower funds, with AUM below $250MM, they can lowball you, just seeing if you are willing to take a lower salary. Bonus can fluctuate based upon the exits and the cash flow of the fund. Many times cash can be held in escrow and despite what appears to be a positive return, the positive return can be delayed. This can also fluctuate with earnout(s) from exits. The appeal of undergraduates to PE funds on the buyside is they are cheap talent, and if they have IB internship experience have decent comprehension of what needs to be done. Some funds, ie HIG Growth, will bring in analysts that do not have modeling or some other responsibilities. Some analysts in PE/VC/Growth Equity funds will only drive deal flow by cold calling, and thus the experience is not the ideal, but the perk is that there might be upward mobility within the fund. The appeal of buyside out of undergrad is that you are probably going to end up in a lean organization with more responsibility and the chance to rise through the firm.
Which PEGS take undergrads? I can only think of a couple.
Probably better hours than IB too
the pe firm i worked at hired undergrads (though not consistently ever year), and pay was about 60k salary/ 30k bonus.
which firm?
Not much higher than street IB, but obviously higher ceiling. Know a kid who recently worked at a big PE name straight out of UG and got 70 base 30 bonus 1st year
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