Whats a good comp for a VP role at PE backed company in growth phase with $600M topline? Current TC is $425k. Love to get thoughts from this esteemed group.

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$420k base 69k equity

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Nice

You will be working for a PE portfolio company, not the PE firm itself. So the question of how PE affects your comp is immaterial. Just going by your current TC, would probably try to negotiate 10-20% higher base and significantly higher target bonus. This is assuming you get no carry.

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EYP1, and you seem to know all about PE. I'll let you preach bro/sis - dont matter to me on an anonymous forum with all sorts of advice floating around. Peace.

In general the way I look at these roles is cash comp should be at least equal to your cash comp now and MIP is gravy. I’d also aim for my base to be at least the same if not higher than current base since your bonus will be more at risk than a consulting bonus.

TC is not the right question to be asking. You need to be looking at the breakdown between base, bonus, MIP individually. For example:

- How is annual bonus calculated? What has to be true to hit min / max / target bonus? How aggressive are those targets? Based on this how do you risk weight the bonus?

- How is MIP calculated, specifically exit EBITDA and multiple for min /max / target? How close are they to these numbers? What do they need to do to get there? How does the MIP vest? What happens if you leave? How long until the fund plans to exit? Based on this how do you risk weight the MIP?

Also, what function? Some pay more than others.

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MIP is probably not that negotiable. I’d look for the “target” payout to be based on an EBITDA that you believe the company is highly likely to get to (not an aggressive best case $) and that the multiple assumed is in line with similar transactions.

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