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What does comp look like for PE ops associates?
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Mentor
Happens on ops but not really for investment role. VPs and above are quarterbacking and sourcing deals. Wouldnât make sense to grab someone without deal experience to share carry with
Mentor
OP - are you talking investment team? Or Ops team?
Mentor
Not impossible, but not a typical path. The most likely path is undergrad, MBB entry level for 2 years and then join PE as part of 2 year Associate program (at a firm that values and hires consultants). Otherwise, itâs somewhat of a crapshoot and situational dependent.
Iâm in the process with a fund to move over at a senior level. Itâs for an investing role. The fund itself is fairly large with a few $B AUM.
Iâm high performing at McK but wouldnât consider myself a ârockstarâ, as you stated. Three things to highlight:
1) the fund is operationally focused
2) I do a lot of work in the space the fund invests in
3) although this was years ago, I was an IB analyst (at a brand name bank) out of undergrad so pretty familiar with transactions
Mentor
Yes, senior Ops people get carry
I left MBB and helped co-found a PE firm. Fundraised and everything. Pretty good experience. I was just pretty dissatisfied with all the âsecond class citizenâ dynamics I saw for the portco ops roles that HHs normally put out.
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