Currently work 50-60 hours a week as an associate at a MM PE firm AUM >$10B. Work only with a senior partner at the firm so get great exposure / responsibility, but the base comp doesn’t rise as you grow within the firm, only based on the bonus. As of now, looking at 280-300 all in

Worth it to explore other options?

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I’d try and figure out what carry looks like - that’s more important long run. Those hours seem pretty good at the associate level so if that translates to lower hours up the chain too, i would give real thought towards staying.

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Tbh that sounds pretty great 50-60 hours is amazing and for MM 280-300 is about the market rate maybe slightly below

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You mean base doesn’t go up in the next 1-2 years or in the next 2-20 years? If the former, you’re talking about $10k post tax

No, it doesn’t go up until you make it to a director level

Carry not until director, and heard it’s pretty off market. Hours a great and culture is good, but want to think about long term

So what you’re saying is, from 24 to 35 years old, you’ll make the same salary? You must be wrong. Unless your bonus goes up by a ridiculous amount each year to make up for the delta.

“Off market carry” is something that happens at large funds generally (where GP is a large LP) or firms that do poorly so can’t get 1.5-2/20

A large fund can have lower carry (than say a MM fund) if either the pool is already filled out or the GP invests say 10% of the fund so your LP base is 90% of what it would be at another fund

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