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Hey Folks. I hope I am posting in the right space about this. Anyone knows the updated(2022) compensation range for QA Automation Engineers with 2 years experience?
A general range at Glassdoor has an average base pay at 110K/year shorturl.at/dhuIZ and I am looking for more sources. Cheers
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No clue why SM1 is talking about lol
but OP.. I got an offer for 180 total comp for KKR capstone about 2 years ago. I think it was 105 + 75 if I recall correctly. This was 1-2 years at the firm.
That sounds pretty low to me. At least now, base salaries for associates start at 120 (which I believe is standard across investing + ops rolls). I don’t have a good sense for capstone bonuses though. You can find base salaries on h1bdata.info
Analyst level clearly
How does one secure one of these pe ops roles? I’ve been actively seeking them out but have not seen many, if any come up below vp level.
“What does it mean to work in portfolio operations for a private equity firm?” https://link.medium.com/2XFLym0BFab
Mentor
Lotta people in this bowl who comment when they don’t know what they’re talking about 🤦♂️
Word.
PE ops roles are reserved for senior folks who fall in three buckets:
- Ex-cons: 8-10 years of consulting experience, MBAs, stellar track record, significant management and leadership responsibility
- Industry hire: someone from relevant industry with domain expertise and P&L responsibility; e.g. Sales leader for healthcare tech firm.
- Ex-C suite: self explanatory
The base ranges depending on the company size and level of responsibility but typically start arouns $160K, bonus and equity. The upside is huge but you gotta earn your stripes.
SM1 that can't be right. Why would a consultant with 8-10 yoe take a 160k base comp?
Haha. Umm. The only guy on this thread working in PE ops, so please, take a seat :)
Coach
AM1 is on the money.
There are essentially two main roles that come under the umbrella term of PE ops:
- Internal value creation / portfolio support / fund management (think KKR Capstone and Vista’s VCG)
- Working as part of management team at PortCo
The end goals for both are quite different. If you want to be a CEO, you want to build your operational skill set and become an effective operator while working at a PortCo, manage P&L, scale a company, etc. Huge difference from being an advisor / consultant.
For internal PE ops roles, that’s basically a trajectory towards Operating Partner. Not many operating partners get plugged in Senior management positions unless they have operator experience before.
For those saying that the salaries I quoted above are insanely low - no, they’re not. Again, I’m talking about working at a PortCo. You have to take a bit of a cut on the base, but the upside comes in the form of equity and future senior leadership opportunities come sooner.