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From what I hear from my network pay is low for PE. Generally performance was good on legacy buyouts but they have not done so well on recent larger deals e.g. Bodyshop. Massive internal team of ops focused guys so lots of ex big 4.
Principal (one below partner/MD) earning less than 175k GBP base with less than 50% bonus and limited opportunity for carry
What role are you looking at? Heard good things about the culture