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Mentor
It’s often flat or pretty minimal with one bigger bump a few years in. But it’s sort of all over the map across firms
Mentor
^ this is about cash comp, to be clear. On carry, I don’t usually see more doled out until fund raise or actual promotion
Mentor
All depends on carry and when new funds start up. The base at my fund does not increase at all really unless you change roles through promotion. But your carry dollars at work increases each year
That’s frequent. How big are your funds Mck1?