Growth Equity - 2023 1st Year Associate Comp Discussion

Hey All,

Figured we'd get a separate thread as VC comp understates and traditional PE comp overstates Growth Equity comp. Interested to hear data for 1st Year Associates:

  • Fund Size
  • Location
  • Comp (Base, Bonus, Co-Invest, Signing, Relo, Sourcing bonuses etc)
  • Expected hours

I'll kick it off:

  • Fund Size: ~$3bn AUM
  • Location: SF
  • Comp (Base, Bonus, Co-Invest, Signing, Relo, Sourcing bonuses etc): Base: 150k, Target bonus (inc sourcing) 150-175k; All in cash comp ~325k.

Comments ( 16 )

  • Analyst 2 in IB-M&A
10d

Damn that's a super solid base. Sourcing heavy shop?

10d
ezbread , what's your opinion? Comment below:

Fund Size: Permanent capital

Location: Tier 3 city - West Coast

Comp: $150k base, $75k bonus, $5k relocation. Able to co-invest, no carry, no sourcing at junior level

Expected hours: 50-60

  • 1
  • Analyst 2 in IB-M&A
10d

Chiming in

  • Fund Size: ~$1bn latest round
  • Location: Tier 1 City (NY/SF)
  • Comp (Base, Bonus, Co-Invest, Signing, Relo, Sourcing bonuses etc):  ~275k to ~325k. Heard this was super varied. Can co-invest with firm provided leverage
  • Expected hours: idk, no clue on this one. Maybe ~60?
  • Prospect in IB - Gen
8d

Bump

  • Analyst 2 in IB - Cov
7d

Reiciendis et tenetur aut quaerat. Dolor sint libero officiis qui nostrum voluptas voluptatum. Aut sequi distinctio voluptatum voluptatem assumenda suscipit. Praesentium ipsam ipsa veniam et eos.

Rerum ipsam itaque laudantium fugit aut voluptate. Ut magni commodi ut odio et. Sed blanditiis autem quia est ratione voluptatem similique ratione. Adipisci ipsam et sit placeat et. Quaerat enim dolores modi quos eum.

Start Discussion

Career Advancement Opportunities

March 2023 Investment Banking

  • Lazard Freres ( + + ) 99.5%
  • Jefferies & Company ( ▽01 ) 99.1%
  • Financial Technology Partners ( = = ) 98.6%
  • Lincoln International ( ▽02 ) 98.2%
  • William Blair ( ▲10 ) 97.7%

Overall Employee Satisfaction

March 2023 Investment Banking

  • William Blair ( ▲04 ) 99.5%
  • Canaccord Genuity ( ▲18 ) 99.1%
  • Lincoln International ( ▲09 ) 98.6%
  • Stephens Inc ( ▲10 ) 98.1%
  • Jefferies & Company ( ▲05 ) 97.7%

Professional Growth Opportunities

March 2023 Investment Banking

  • Financial Technology Partners ( ▲11 ) 99.5%
  • Lazard Freres ( ▲14 ) 99.1%
  • Lincoln International ( = = ) 98.6%
  • Jefferies & Company ( ▽03 ) 98.1%
  • William Blair ( ▲01 ) 97.7%

Total Avg Compensation

March 2023 Investment Banking

  • Director/MD (6) $592
  • Vice President (26) $422
  • Associates (140) $260
  • 3rd+ Year Analyst (9) $194
  • 1st Year Analyst (260) $171
  • 2nd Year Analyst (84) $170
  • Intern/Summer Associate (43) $164
  • Intern/Summer Analyst (191) $92