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This is an n of 1, but I had a first round for a Director, Business and Corporate Development at v small, public biotech (mkt cap $500M) and they told me that the role comp package was “~150K base + 30% bonus (performance related) + LTIP's/EMI.” I’m a PhD/MBA.
So in general, significantly lower base and the hope to make it up on equity in the long run.
Agreed with the above. It seems low, but sounds about right for manager level positions.
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My friend just took a AD BD/C-Strat at a biotech (<$500M MKT CAP) for ~$190k base, so may depend on location (West Coast)
AD role - $185k base, 15% bonus, $65k equity; series b startup