What are the levels and compensation (salary/breakdown) for the Private Equity ladder? For example, what are the associate, VP, partner/MDs compensations at Blackstone, KKR, TPG, etc? TC: $500k
I don’t know why there isn’t much of a PE presence here. I had gotten an offer from KKR for 185k at 3 YOE. Middle office role. Said no. Didn’t like the work
If by here you mean Blind, then it’s because A) there’s generally less people in PE, and B) those in PE would not spend time on Blind or I’d imagine not even know about it. This app is popular within tech, which is a huge bubble, but it’s still a bubble, and people in traditional finance or law or business wouldn’t know about it I think
Yea figured. I’ve worked in PE at my last place and everyone there were old folk.
You’re gonna top at 150-200 base at most but the rule of thumb is 2/20. 2% management fee and 20% carry interest (20% from the gain during an exit) Could be 150-200k or billions
You're not going to top at 150-200 base.... PE/IB/HF career + TC acceleration shits on tech. Tech is the place where you get stuck with $150-$270k base pay.
Microsoft you’d be surprised how fast base tops out... even partners at my firm only make 300 salary. We get paid once a year
At the higher levels it can be variable because of carry, but for the most part it largely tracks with IB, but if you want specifics you can look the Heinrich & Struggle PE or the thousands of post on WSO about it.
How does one get into the private equity field?
Most common path is 2 years in investment banking -> PE
Associates make around 250-300, probably closer to 400 at megafunds
At Carlyle base pay for associates is about 125k plus ~150k bonus. Managing directors base salary tops out at 275k plus around 300k bonus then literally millions of dollars per year in carried interest.
PE comp is all across the board depending on fund sizes and generosity of partners. Associates are anywhere from 150-400k. First years at megafunds generally make 250k-350k all cash, and scale that up ~25k per year. VP comp ranges wildly, but numbers as high as 400-500k cash, with ~400-500k in annualized carry for megafunds (as low as 300k all-in at middle market funds). For reference I’m VP level now with 8yoe, at around 350 cash and ~600k annualized carry at the base 2x assumption
Look up the Heidrick & Struggles private equity compensation survey. Keep in mind most of your comp at higher levels comes from carry
Hey, what do you work on a daily basis?