Is it normal to take a hit on the base comp to pivot to PE Associate? (Even if it’s a $25k+ base hit) At the post-mba role in my T2 consulting firm, but want to pivot to PE. (HH are mostly reaching out about LMM opportunities, $2–4B) Total comp for year 1 could slightly increase due to bonus.

like
Posting as :
works at
You are currently posting as works at

I came from post MBA consulting to PE as associate. First year comp was flat. Now on 3rd year and slightly above where I would have been on cash comp - much higher if you factor in carry. It’s not a no brainer to move from a comp perspective and more a question of what you’re looking for.

like

Didn’t get an MBA - just got the post MBA promotion. I’d say in general yes it’s very hard to make the jump without pre MBA PE experience.

like

PE comp is always calculated as base + bonus. Then throw in any additional upside (carry, coin vest) as an option upside that you don’t factor in yet. Most reputable funds will pay at least the total comp of a consulting firm (~200k) through base and bonus. Majority pay more

like

It should exceed consulting every step of the way, with the gap widening as you move up.

You keep saying base and I think the confusion on your end is that total comp in consulting and PE is always base + bonus. For example at BCG the split is ~170 + 30 = 200K. In PE, my split is 130 + 170 = 300K. So yes my “base” is lower, but it’s a meaningless comparison as total comp is 50% more

like

If your reason for doing PE is short-term cool related, your thinking about it all wrong. You might as well do IB if that’s the case

like

Pivoted to UMM pe after post mba promotion in consulting and took a base hit but TC is higher. So yes

like

Of course base might be less. That should not be an issue

Related Posts

How do I get a job as a Mechanical Engineer if I dont have experience?

I couldn’t get an internship while in school. I have a BS in ME and projects from school under my belt. I’ve also passed the FE exam. I’ve been mostly just doing CAD for a company for the last year by creating minimally dimensioned drawings and moving parts around in assemblies. I want to evolve in my career and be doing more. I worked so hard to earn my degree and I feel like I’m not even using it. But who will hire me?

like

I’ve got 8 years experience, work at a small, hot creative agency in NYC and will be promoted to CD soon. I’m not irreplaceable since no one truly is, but I’m a high value employee responsible for a good proportion of the agency’s marquee creative work and some important new business wins. I’m at $165k now, what should I ask for with my promotion?

likehelpful

Is PMP worth it? Already have a cert. Starting to manage some big teams/projects.

like

Anybody interviewed for a data engineer role for Facebook? I have a SQL and Python coding interview next, any idea on what to expect?

like
like

I have a MHA, MBA, and BSHA. I’m wanting to get into a supervisor or manger role but I don’t have the experience. Does anyone have any suggestions on how I dive in and start getting the experience I need? I live in Washington and work in Oregon. Also, anything using my MBA would be favored as well, this degree is not healthcare specific. Thank you!

like

I am 7 yoe as TechnoFuntional Consultant working with SAP ABAP and SAP SD. I started as ABAP extensively working with SD, so certified in SD. Is there a demand for this type of skill? What role should I look for?
Any inputs are helpful.

like

What is expected salary of experienced Data Analyst ?

like

What are jobs that pay well for college students?

like

Hi Team,
I have worked in a project for more than 1.5 years now for a non scripting tool. Feel no learning and skill enhancement here.Can I get my project changed. QA Automation. Will there be any consequences if I do so?

Looking for a salary range for an Investment Professional at JP Morgan?

likesmart

I have got 25LPA offer from Virtusa for medidata client as automation tester with 7years exp


Please let me know if this is a good deal
My main preference is work life balance and jo security

like

My wife is in sales at Mercedes and she has been averaging $200k a year and growing YoY. She loves her job, however she works long days and barely gets time off. We plan on having kids within the next year or two, and it’s highly u likely that she’ll be able to keep her current gig. We want to find a career that allows her to work remote or that at least gives her a better work life balance so that she can see her kids grow up. Should she get certifications to give her a shot at adtech?Too late?

like

Hi Campus Recruiters at EY Canada. A month back, I have given a Hirevue interviewed for Technology consulting 2023. I have a couple of years of experience in Technology consulting. I have not heard or received any communication. Is the hiring already complete?

like

Just confirmed an interview Salesforce as a Financial Analyst! Looking for tips from anyone who has gone through their process, would be greatly appreciated. Nervous as this is a position I'm been trying to get!

like

Hi Fishes!!

As per current market standards, people getting 100% + hike mostly. How much hike one can expect in JPMC? Does JPMC hire people with 100% hike?

Tech stack - Java

like

Currently 1 YOE tech consulting at Deloitte looking to make a hop to more strategy type roles and came across the strategy analyst development program- 1. is this only for fresh undergrads from specific schools or would I be able to apply? 2. What’s the compensation at this level? (worried I might have to take a pay cut). Also would appreciate any remarks regarding the program in general. Thanks!

like

What is the pay bracket for DI AM level (A&A)?

like

Curious, just accepted offer for entry level swe role (not a comp sci major) and it was well over what I make now and I always hear to negotiate salary but in this case should I have negotiated just to negotiate?

like

More Posts

Have you ever worked on pharma/healthcare projects that you personally disagree with (whether i.e how they do business, their political affiliation, their drug pricing, etc)? What was that project like and how did you deal with it?

like

What is the salary I should ask for in IBM.. YOE: 6.5, SAP FICO… Current Salary 15 LPA

like

Anyone know of headhunters in publishing or entertainment, or good ones in our world who are savvy in such things?

Hello has anyone heard anything about the official date of lifting the travel ban from India?

like

Hi..Need likes for DM activation.

like
like

Any thought in working 3x12s a week vs a typical 5x8 or 4x10? I am working 3x12 and have to work some weekends and I am not sure if I like it. I am 25yrs lmk maybe I am just young? Thoughts?

like

Hey.. Anyone has Charles Schwab account. Let me know

likefunny

I revised my CTC from JPMC before joining. Now in 1-1 discussion my manager told very nice things about me but also told me that my CTC is already above market standards for my experience and tech stack. He told that they won't be able to justify my pay and gave me SOO. How much is the hike and bonus for SOO rating?

like

Recs for outdoor dining or good takeout restaurants in Santa Barbara? Also, will take any suggestions for short hiking trails or scenic views!

helpful

What is the midpoint salary of Band 8?

like

Anyone try Redensyl or KeraLase for hair loss/hair thinning?

like

has anybody tried this product? I have read some reviews online and I’m looking to purchase an at home IPL. I have it narrowed down to this and two other options

Post Photo
like

Would anyone happen to know of any remote Digital Marketing Manager opportunities paying a decent salary. I’m located in Toronto, ON.

like

Can somebody please refer me for Microsoft Germany? I’ll contact you with further details :) TIA

like

How does Accenture’s cell phone reimbursement policy work if you don’t want a new device and just want reimbursement for the plan? From what I am reading we have to charge the cell plan to client?

like

I joined Nagarro as a trainee at 3.5 LPA how much hike could i expect??

like

Deloitte experienced hires: What signing bonus were you able to negotiate?

like

Looking for a Freelancer to assist with drafting employment law demand letters or Complaints. Comprehensive templates provided. Message me if interested. Thanks!

like

Additional Posts in Private Equity and the Buy Side

Hello everyone..... is any PE company hiring only remote?
Thanks for the info...

likefunny

Anyone here broken into real estate private equity from big 4 consulting? What steps did you take to jump into RE PE? What gaps in knowledge did you have and how did you fill them? Outside of the knowledge gaps what other things do you think you needed in order to get into RE PE?

like

What is middle/back office at a hedge fund like? Specifically roles that are supporting portfolio managers? I’ve been trying to move to PE Ops and came across a promising HF opportunity, so I’m looking for more insights into those projects and type of work.

like

Do you still write thank you emails after interviews? A lot of the roles I interview for these days are coordinated by recruiters so I don’t see the interviewers emails

Speaking to a PE firm (4B aum) about a VP portfolio ops role. What is a reasonable comp to aim for? Recruiter mentioned 280k cash (will likely go a bit higher) & additional carry (details awaited)

like

What kind of comp could I expect for corporate strategy at a MF?

like

Does anyone have thoughts on the differences between working for larger versus smaller Growth Equity firms? Especially as it relates to career progression, comp, work/life…. Thanks

like

How do PE firms update the EV on an acquisition? So if they acquire a company in February at $X EV and want to value the company in December, would you just add the EBITDA generated for the rest of the year (March-December) to the original EV?

likesmart

How do you calculate IRR for a write off? Is it just 0% or should it go negative? There’s no cash moving after the initial investment so not sure what to do.

like

Anyone know any pe or growth equity shops in london that are hiring?

like

How much do people make on average in VC after 2-3 years out of undergrad in MBB/IB?

like

Is it worth it to recruit for a PE Associate role if your current plan is to get 2YOE, go get an MBA and pivot afterwards? Seems like most people can’t /won’t stick around to make it to the top and end up doing something else anyways.

like

Hey everyone! I’m looking to move out to London, I lost my projects due to COVID and if anyone could help me out with a referral in the UK or Europe I’d be very grateful! I can offer a good wine and dine in exchange! 🍾🍱

like

For ex consultants without finance backgrounds who transitions to PE or Growth do you have any recs on podcast books to read that helped you build your PE/Investing knowledge?

likehelpful

If you can work for any buyside firm (PE, HF, VC), which would it be and why?

likehelpful

What are the best software / tech conferences? Less focus on the startup stuff, more mature buyout / growth preferred.

like

What sort of equity stakes do management teams at PE-backed companies typically get?

like

I’m at PE ops but I’m interested in deal work. If recruiters reach out to me before my 1 year mark should I take them or wait it out? Worried about how it’ll look on my resume as a “job hopper” or if my current team will be upset

like

Do pe professionals get paid extra for sitting on the board of their portcos?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal