Consulting

Average starting comp for MM PE associate in bay area? 250k?

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Can we ban these flexing posts? Google/Glassdoor it

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^ ooooooh. Such authority.

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Sounds genuine to me. This info is valuable not just to OP but everyone interested in PE. I could search online, but it’s also nice to have data points on forums like this - especially if the data here is current

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$1-4B fund should be in the $200-250 range. $4-6B maybe $260-280, >$6B could be $300

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likehelpful
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I should have stated - these are really NYC / Boston figures. Not 100% sure how the West Coast differs

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Middle market is a pretty broad term. I recently joined a MM PE firm in SF with $200K in target comp ($100K base and 100% bonus target). Signing and relocation bring it up to $215K (I only got this because I had a competing offer). A recruiter told me anywhere from $175K-225K is normal for a fund this size ($2B total AUM) so $250K seems higher than average but not unrealistic

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I don’t believe Glassdoor mainly because I would never take the time to post when I’m hired or when I leave so here I feel like people are more inclined to tell. Also what’s mm

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Middle market

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How do you guys find these firms? I feel like most PE shops don’t want consultants

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That is very true. Mostly get an email from HH; yet need to fight for a spot I heard.

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125 base / 100% bonus seems to be about lower end of fair value from what I’ve seen. Anything above 300 would be considered upper end. This is for high COL cities

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Glassdoor is never accurate. Thx for sharing OP

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I’ve seen150-200 for VC, I’d imagine PE is similar

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I would say closer to $200k on average, but depends what your cutoff is for MM. I never looked at SF, but got offers in NY and other big cities that were $180-$210k for <$3bn fund size. Bulk of it was base.

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Best place for these types of questions I’ve found is Wall Street oasis - solid forum

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How many years of experience? With 4 year of experience, HH told me associate position is in 150k range... was I being BSed?

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Looking for ways to break into PE VC any tips guys ?

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First, VC and PE are really different investing philosophies and analysis, so you should decide which one you'd like to pursue and focus on one. Once you do, it'll be easier for you to determine your skills gaps and work towards closing those.

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likesmart
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These ~200K offers are surprising. I’ve seen offers in much lower COL cities (e.g. Dallas, Denver, etc.) around 190-210

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Yeah it was a typical PE Associate role. It was a new fund so that was their rationale, believe the associates at their older funds were making $180k for doing the same work. The HH that recruited me was also surprised when I told them.

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