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I have a weird experience with KPMG India . Two weeks ago I had salary negotiation with the HR manager. He told me that the offer will be released in a couple of days but I haven't received the offer letter yet.I tried reaching out to the HR manager but didn't receive any response. Shall I take it as no?
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You can do the math pretty easily - if the full fund is a 3-bagger then that is $80M in the total carry pool. This 1% is work $800k over 6-7 years. Up to you how this complements the cash comp. also be aware that you won’t get any points on capital already invested, so depending where they are in their life cycle this could shrink the pool.
Could be but they'd have to be generating serious returns and be close to fully invested before 1% really means a lot. Not sure how kosher it is but might be worth trying to gauge what the carry hurdle is
What’s the salary offer? The carry could be compensating for a lower offer but carry is great to get
~225k is pretty good for a MM/LMM firm, and the carry is a great bonus on top of that and could represent effectively another $100k+ in annual comp
Assuming you’re joining as a first-year Associate that’s not an experienced hire, without knowing base + bonus the carry amount seems pretty (upper end of distribution according to H&S PE Comp report)
If you don’t take, can you PM me firm lol