How much do private equity first years get paid as a range incl. bonus?

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Depends on experience going in. At the associate level you can expect $300k at C/A/K. Girlfriend just made the change from IB to PE, NYC.

First year seems so be in the upper 100k range after everything is said and done. Can't personally speak to that level.

Out of college last year my friend worked at a big one in NY and made 80 base, didn't stay long enough for bonus

Why did he leave

More money

After you do your stint as a banker, newly minted PE associates make 250-350 (all in), base is generally low to mid 100's. Issue is that most will keep you for only a few years then make you go back to b-school, very rarely are there internal promotes unless you're a stud. The VP pool is about 20% of the associate pool so most people get stuck as an associate for a while or end up going into something else.

Ends up being really good money as a 25 year old, average for a 30 year old. If you are good and can bring in money/do deals, you can climb, but that's like any industry.

Probably more important for you to find something you want to do and are good at, because you make the real money when you are a partner/boss anyways so you mind as well find something you enjoy.

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