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What is typical comp for PE for senior manager level folks from MBB? Just looking for some benchmarks. Feel free to break down by cash, carry, cash bonus etc. Thanks🐠

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Are you AP? VP level would be similar salary but carry is hard to measure.

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In a very similar boat.. hoping cash + bonus nets 400k

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EM

Just curious, why are you looking to make the switch now?

Late for investment team. Ops will pay similar to the Firm.

looking to go to industry but have a few options in PE I am considering that are quite sector focused. Want to go into C Suite at one of the portfolio companies someday.

It really depends on the company and the PE firm in question, but just looking at the cap tables of the companies that I monitor, my pay as an associate is comparable to that of most of the CEO’s direct reports. They do have some options which can have real value at exit, but then again, when you compare hold times (4-6 years) against my expected progression (4 years from associate to VP) and the comp jumps as I go from associate to senior associate to VP, I still come out at a fairly comparable level.

The key lesson here is that the real money is made on the investment side (80% of which goes to LPs) and to the CEOs of port-cos. That was the genesis of my comment to the OP: (1) given the time it takes to get to the CEO level of even middle market PE-backed companies and (2) the pay progression as you go from EM to AP to P and beyond at McKinsey, there has to be something other than just pure financial motivation in play (and keep in mind, a big chunk of port-co exec comp is at-risk and concentrated in one company rather than distributed like fund-level carry).

Growth PE-backed port-co exec comp, if anything, will be lower than that of traditional buyouts. For VC-backed companies, money that’s in excess of what the team needs to eat and live is quite frankly money wasted and should really be going towards customer acquisition, product development, and team expansion.

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