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Jr. Cw Salary in LA?
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So, how was your Monday?
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What’s the best VDR and why is it datasite?
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Should be in the range of $100-175K, but also depends on who was also staffed on the deals with you. Also depends how the total company did. As associate 1 you could get slightly more than another associate 1 on your team if you were on higher fee generating deals, but generally juniors comp is based directionally on total company performance, with much less volatility compared to MDs who would normally take a larger hit in down years. My suggestion, having worked at a MM/ LMM (think $5-50MM EBITDA companies), if you’re working street hours and getting under street comp, pivot to a larger bank asap. The longer you wait to the more that your lost comp will compound. Before you know it, you’ve worked there 4-5 years and you missed out on ~$400k+ for working the same hours as those at a larger bank. In my case, our base pay was below street and bonuses were supposed to be “over street”, but it never got there, was always just at or slightly below street, so I was missing ~$50K per year in total comp.
What do you mean 6m closed deal fees? The specific deals you worked on generate that much in fees?
In general, the fees of the deals you worked on at the associate level shouldn’t really matter unless you were involved in originating the mandates. Also, LMM comp is all over the place, so hard to generalize. I think for a high performer at a firm that had a decent year, low to mid $100s is probably the right ball park for associate 1 (assumption is that comp is below street)
15-30k based on what I’ve heard/seen
To clarify, I was referring to bonus for ONE deal closer that was 6M in fees and just the bonus for that deal. Not full year of bonuses for total fees of 6M if that’s what you meant?