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Hmm. I’m attracted to engineers..
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Enthusiast
More than us, my friend.
Tons. SMDs are partners so they are obviously very highly compensated. MDs on the investment side I presume likely in the millions if you account for bonuses/stock/carry, etc
Mentor
My guess is the following: newly minted MD $600-800k. Bonus is prob half comp. SMD must vary wildly. No way 5y SMD earns about the same as 25 SMD that’s a KP in fund docs.
Yeah, no matter what industry you’re in, the people at the top will keep as much of the spoils as they can.
Enthusiast
On the deal side or on the legal side? There’s a difference between the two.
Probably around $1m maybe more pre bonus. Real comp is the amount of carry across platform and how it can generate distributions pretty consistent