Based on the WSO Dataset, compensation for fresh graduates entering middle market (MM) private equity (PE) can indeed be comparable to investment banking (IB) analyst roles, especially at the lower end of the MM spectrum. For MM PE Associate 1 positions, the compensation typically ranges from $110-125k base with a 100% target bonus, leading to an all-in compensation of $220-250k for funds sized between $500 million to $3 billion. This is in line with entry-level analyst positions in investment banking, where total compensation also includes a significant bonus component on top of the base salary.

It's important to note that while the base salaries might be similar, the total compensation package can vary significantly depending on the performance of the fund, the individual's contribution, and the specific terms of their employment contract, such as bonus structure and potential for carry in the PE space. Additionally, the work environment, hours, and job responsibilities between MM PE and IB can differ, which might also influence one's decision to pursue one path over the other.

In summary, while base salaries might be comparable between MM PE and IB analyst roles, the total compensation, job structure, and career trajectory can differ, making it essential for individuals to consider their long-term career goals and personal preferences when choosing between these paths.

Sources: What is "Street" MM PE Compensation for Associate 1 & 2 and Senior Assoc. (3rd year), MM IBD (Analyst) > MM PE (Associate) > MM PE (Senior Associate) - Here to answer any and all questions!, Comp at Top MM Firms?, MM PE out of undergrad worth it?, Associates who started as analysts: Why did you stay in IB?

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Went with IB instead but my MM PE Analyst offer was $100k base at a ~$3b aum shop in NYC. Not sure if this is consistent across the street

 

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