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Private Equity Salaries
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Date: August 17th, 2005 7:53 AM Author: brass mood A friend got an offer from a large PE fund in New York.
500,000 for three years plus bonus.
Damn.
Will graduate from ugrad this coming year. |
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Date: August 17th, 2005 8:26 AM Author: Demanding idiot I call bullshit. You have to work in analyst programs before you can break into private equity, HTH. I might believe it if they had gone to Harv. Bus. School. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3607808) |
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Date: August 17th, 2005 8:36 AM Author: Insane state newt This is entirely believable, but you have to come from HYP and have major connections (family stuff). (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3607823) |
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Date: August 17th, 2005 8:47 AM Author: Demanding idiot (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3607840) |
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Date: August 17th, 2005 8:51 AM Author: Insane state newt You stupid douche, your comment has no relevance to the first post, which was about someone going into PE straight out of UG. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3607853) |
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Date: August 17th, 2005 8:54 AM Author: Demanding idiot No need to call names. I see what you mean asshole. And it is not entirely believable. HTH (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3607856) |
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Date: August 17th, 2005 9:05 AM Author: brass mood The firm in question is a prestigious PE fund on wall street and recruits only from a very few select schools.
They have a ugrad summer internship program as well as hire straight from ugrad at said schools. |
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Date: August 17th, 2005 9:07 AM Author: Demanding idiot Whatever. I still do not believe it/salary. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3607864) |
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Date: August 17th, 2005 9:09 AM Author: brass mood But you do entertain the possibility that it is possible no?
So if it is possible then why would it not be true? I mean I was pretty suspicious myself when I first heard it from him, but I got confirmation from various sources in the industry. |
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Date: August 17th, 2005 9:31 AM Author: Demanding idiot No. I don't believe it out of undergrad, hth (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3607926) |
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Date: August 17th, 2005 8:44 AM Author: razzle bistre depressive 500k per year for 3 years or 500k over 3 years? (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3607829) |
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Date: August 17th, 2005 8:48 AM Author: Demanding idiot Its a lie, so no worries about whcih one. I think he meant 500K over 3 yrs (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3607844) |
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Date: August 17th, 2005 8:50 AM Author: razzle bistre depressive 500k over 3 years would be like 166.67k a year which is believable (though the lack of a couple years of finance experience isn't too believable). (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3607851) |
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Date: August 17th, 2005 8:51 AM Author: Demanding idiot id believe the salary, not the fact that the person is just coming out of undergrad, hth (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3607852) |
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Date: April 27th, 2008 8:45 PM Author: milky theater lol, the jealousy of tehse faggots is astounding. yes, blackstone PE recruits out of ug sometimes. however, they'll only take like 1 or 2 analysts per year, from Harvard or wharton. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#9695309) |
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Date: August 17th, 2005 8:47 AM Author: Sienna Cuck Market bullshit. you need some ibanking experience and even then you don't start that high. I highly doubt a kid straight from ugrad is worth 500k over 3years. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3607839) |
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Date: August 17th, 2005 8:47 AM Author: Demanding idiot This is what I said. I dated a man who was in PE. I know the routine. Who knows why people invent such stories (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3607843) |
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Date: August 17th, 2005 9:10 AM Author: brass mood You don't know this kid. Incredibly talented, all his life in fact, and a standout at his college. Plus he's very charismatic to boot.
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Date: August 17th, 2005 8:56 AM Author: puce hell persian I also call BullShit...
with a good market, a little luck, and a degree from a top uni, he may pull down 300-350K over 3 years.
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Date: August 17th, 2005 9:08 AM Author: brass mood This is not bullshit. He comes from HYP and is very much Rhodes material.
High GPA in the quants. He will also be picking up a masters (Bachelors + Masters inf our years).
The fund in question is VERY VERY VERY profitable. |
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Date: August 17th, 2005 9:09 AM Author: Demanding idiot Fine. If you insist. Point?????? (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3607867) |
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Date: August 17th, 2005 9:11 AM Author: brass mood Wanted to spark a discussion about PE. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3607870) |
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Date: August 17th, 2005 9:28 AM Author: Concupiscible pearly water buffalo area I don't think anyone will disagree that PE is the most lucrative game out there. But either your friend or you is a fucking liar. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3607919) |
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Date: August 17th, 2005 9:42 AM Author: brass mood Like I've said I've verified this from other sources including a few MDs in the finance industry.
This is not entirely uncommon. Star quant analysts at hedge funds make more than this as do those in the actuary sciences - so long as they pass the requisite examinations. |
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Date: August 17th, 2005 9:43 AM Author: Concupiscible pearly water buffalo area STAR ANALYSTS HAVE EXPERIENCE WHICH MAKES THEM STARS. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3607963) |
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Date: August 17th, 2005 9:46 AM Author: brass mood Or quant/comp programming geniuses.
Plus those who do actuaries pull these kind of salaries only by passing tests. |
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Date: August 17th, 2005 9:48 AM Author: razzle bistre depressive i think that actuaries top out at this salary or something right above this (but really good hours). and it takes a while to pass the tests. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3607977) |
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Date: August 17th, 2005 10:15 AM Author: brass mood The high-lvl actuaries are in high demand because the tests are pretty hard to pass. So there is a premium attached for those who have the qualifications.
Though I heard the first three tests are pretty easy. I know someone who placed very well in the putnam exam and passed to lvl 5 or whatever really easily. |
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Date: August 17th, 2005 10:17 AM Author: Demanding idiot None of the tests are that easy. Why are you spewing this secondhand knowledge. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608108) |
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Date: August 17th, 2005 10:18 AM Author: razzle bistre depressive uh...the first 3 tests are like calculus and basic stats.
they're not hard. |
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Date: August 17th, 2005 10:24 AM Author: brass mood Stop pretending. You clearly and obviously do not know wtf you are talking about.
A relatively bright person who majored in Applied Mathematics or Econ with a heavy math focus should be able to pass the first three.
My friend who's a junior this year is going to take the first two this fall.
HTH. |
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Date: August 17th, 2005 10:36 AM Author: Orange Public Bath Trust Fund people who do very well on the putnam are bonafide geniuses. i remember reading that the avg score is like a 1 out of 120 or something. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608233) |
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Date: August 17th, 2005 10:39 AM Author: brass mood Yeah the guy I know is crazy. There is this one kid at MIT who has won it like twice in a row. Crazy. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608246) |
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Date: August 17th, 2005 9:29 AM Author: razzle bistre depressive Where's the discussion? My gf is interviewing at a very prestigious place today (1st round). What do you know about interviewing? (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3607920) |
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Date: August 17th, 2005 9:29 AM Author: Charcoal floppy resort Blackstone? (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3607922) |
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Date: August 17th, 2005 9:31 AM Author: razzle bistre depressive Around that area in prestige (on my estimation, which may be a little off). (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3607925) |
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Date: August 17th, 2005 9:45 AM Author: brass mood My friend told me that the interview was pretty laid back. Typical interview questions like "describe three attributes that would fit you" etc. He did mention that they did ask a few bizzare quant questions.
One of them that he found memorable was
"What is the degree formed by hands of a clock at ____ time."
The question itself isn't too hard, but he said it kindof took him off guard because it was thrown in randomly and because he had to answer it within a reasonable amount of time. |
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Date: August 17th, 2005 9:50 AM Author: razzle bistre depressive Right, but I heard that once you make it to 2nd or final round, some firms will give you a 10k and make you construct an LBO model or something. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3607981) |
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Date: August 17th, 2005 9:11 AM Author: razzle bistre depressive So it's 166.67 per year? (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3607871) |
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Date: August 17th, 2005 9:11 AM Author: brass mood Plus bonus. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3607872) |
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Date: August 17th, 2005 9:18 AM Author: puce hell persian http://www.london.edu/assets/documents/PDF/MiF_FT2004_employment_report-1.pdf
If you don't want to read it, it basically says that a Masters in Finance will land you a job with a salary + bonus in the range of 120K - 200K.
Bottomline: I call Bullshit.
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Date: August 17th, 2005 9:47 AM Author: brass mood Ughhh skills > degree. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3607974) |
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Date: August 17th, 2005 9:24 AM Author: razzle bistre depressive that's believable. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3607903) |
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Date: August 17th, 2005 9:27 AM Author: Concupiscible pearly water buffalo area so they're paying him to pick up a masters/bachelors during the next four years? (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3607913) |
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Date: August 17th, 2005 11:14 AM Author: brass mood No he is about to finish his BA and MA in four years. He summered at Blackstone. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608469) |
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Date: August 17th, 2005 9:26 AM Author: Concupiscible pearly water buffalo area absolutely bullshit. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3607911) |
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Date: August 17th, 2005 9:52 AM Author: Concupiscible pearly water buffalo area From my brother in law who has been in private equity in New York for about 10 years now...
top PE firms dont even hire out of college, and even when they do hire someone with an undergrad degree after a couple years of work, it is typically for 2 years pre-MBA, then they get kicked out. Also, $500k/yr right out of undergrad??? i would definitely call bs on that...
the top firms probably pay their analysts (who have 2 or 3 yrs of work experience already) total comp of 250-350k at most... |
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Date: August 17th, 2005 9:54 AM Author: Orange Public Bath Trust Fund It's 500k/3yrs so that's a bit more believable but not by much. I also think a few private equity companies hire straight out of undergrad but probably only if the candidate has 1 or more summer internships in banking. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608000) |
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Date: August 17th, 2005 9:55 AM Author: Concupiscible pearly water buffalo area oh, oops. that's believable. i feel like an ass. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608002) |
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Date: August 17th, 2005 9:56 AM Author: Orange Public Bath Trust Fund 166k before bonus for someone right out of undergrad is still not very believable. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608009) |
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Date: August 17th, 2005 9:58 AM Author: Demanding idiot no i dont think it is very believable. I am currently conferring with the PE sources to verify that this is BS (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608020) |
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Date: August 17th, 2005 10:00 AM Author: Orange Public Bath Trust Fund It makes no sense to pay that much when the second best offer this kid has probably pays less than half of that. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608023) |
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Date: August 17th, 2005 10:00 AM Author: Concupiscible pearly water buffalo area my bro in law responded to the modificated claim:
that is believable if he truly is a stud with connections...its just hard to believe that a top PE firm would hire right out of undergrad since he would not have any financial engineering/modeling experience... |
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Date: August 17th, 2005 10:02 AM Author: Demanding idiot Point is, the guy is a rarity. It is not the norm; if true, it is an exceptional circumstance. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608028) |
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Date: August 17th, 2005 10:06 AM Author: Concupiscible pearly water buffalo area hence, no reason to discuss it.
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Date: August 17th, 2005 10:07 AM Author: Demanding idiot Exactly. What a waste of a thread. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608050) |
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Date: August 17th, 2005 10:10 AM Author: brass mood And yet you still remain. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608068) |
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Date: August 17th, 2005 10:12 AM Author: Demanding idiot Not talking about PE, just the absurdity of this thread, hth (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608081) |
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Date: August 17th, 2005 10:22 AM Author: brass mood The thread itself is not absurd. I wanted to spark discussion about PE not whether or not my friend's salary is legit.
Regardless it's been a very entertaining thread just to see you get so worked up.
btw PE Funds do hire out of Ugrad. You are probably more familiar with Venture Capital Funds - a variety of PE which are smaller and recruit from more experienced hires. However, large firms, such as Blackstone, do very much hire straight from ugrad. |
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Date: August 17th, 2005 10:12 AM Author: brass mood Not really an exceptional circumstance. The other people who summered this summer got similar offers. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608082) |
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Date: August 17th, 2005 10:13 AM Author: Demanding idiot No, they did not. HTH. HTH. HTH. You are full of crap, HTH (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608086) |
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Date: August 17th, 2005 10:03 AM Author: Orange Public Bath Trust Fund "modificated" is that a real word? (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608033) |
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Date: August 17th, 2005 10:05 AM Author: Concupiscible pearly water buffalo area definitely not. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608044) |
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Date: August 17th, 2005 10:10 AM Author: brass mood http://www.blackstone.com/careers/recruting.html
Blackstone is the TOP firm and they do hire RIGHT OUT of ugrad.
The guy in question is a quant whiz with stellar modeling background. He models EVERYTHING. |
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Date: August 17th, 2005 10:11 AM Author: Demanding idiot I don't know what Blackstone is, but they hire undergrads for their analyst program, as most banks do, hth.
Your buddy is an exceptional example, hth. |
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Date: August 17th, 2005 10:13 AM Author: brass mood Blackstone = #1 PE Fund on Wall Street.
HTH
Clearly you have no knowledge of wall street nor PE. Not recognizing Blackstone would be like me claiming to have IBanking knowledge and not recognize Goldman.
HTH |
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Date: August 17th, 2005 10:14 AM Author: Concupiscible pearly water buffalo area You're a fucking douchebag. Go back to the college board. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608095) |
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Date: August 17th, 2005 10:16 AM Author: Demanding idiot Seriously. I only know what I know from dating someone who went to Harvard for his MBA and who was into PE. Obviously, I think I learned tons about their financial and job opportunities. Maybe he mentiond B'Stone and I forgot, but either way, we did not spend hours discussing it. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608105) |
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Date: August 17th, 2005 10:15 AM Author: Demanding idiot Clearly, my knowledge comes from having dated someone who went to Harvard Business School while he was attending the place and meeting people there (like 120 people) and knowing all about the ins and outs of jobs. He also was in PE, HTH. Never mentioned Blackstone, or at least i dont remember. HTH (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608096) |
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Date: August 17th, 2005 10:16 AM Author: razzle bistre depressive what were the names he mentioned?
KKR? |
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Date: August 17th, 2005 10:17 AM Author: Demanding idiot I cant remember, it was over a year ago. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608110) |
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Date: August 17th, 2005 10:17 AM Author: razzle bistre depressive whats he doing now (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608113) |
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Date: August 17th, 2005 10:18 AM Author: Demanding idiot Working in hedge funds somewhere, cant remember. Started at like 300K plus bonus. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608118) |
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Date: August 17th, 2005 10:25 AM Author: brass mood He probably mentioned a bunch of smaller VC firms. This is why her knowledge of PE is a bit skewed. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608160) |
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Date: August 17th, 2005 10:16 AM Author: brass mood Your BF is TTT. Business school is even more TTT.
HTH |
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Date: August 17th, 2005 10:17 AM Author: Concupiscible pearly water buffalo area The guy who allegedly hired your tit friend was in the position to hire him because of business school. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608114) |
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Date: August 17th, 2005 10:19 AM Author: Demanding idiot Yeah, who has ever put down a Harvard MBA? That is like the carte blanche of business schools. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608120) |
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Date: August 17th, 2005 10:19 AM Author: razzle bistre depressive how much did your prestige fall when you stopped dating him?
90%? |
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Date: August 17th, 2005 10:21 AM Author: Demanding idiot No. We dated for like 4 months, HTH (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608135) |
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Date: August 17th, 2005 10:26 AM Author: razzle bistre depressive so 99%? (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608166) |
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Date: April 27th, 2008 8:48 PM Author: milky theater HTH MOTHERFUCKER http://www.nytimes.com/2007/09/16/business/16mba.html (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#9695328) |
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Date: August 17th, 2005 10:27 AM Author: brass mood MBAs are a stepping stone. Especially in the finance world. They teach you nothing you don't already know.
Plus if you work for a prestigious firm the chances of admission to HBS, GSB, Wharton are very very high.
BCG for example, which is only MC, boasts an 80% acceptance rate at top 5 b-schools.
Compared with med or law school, MBA admissions are pretty TTT. |
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Date: August 17th, 2005 10:32 AM Author: Concupiscible pearly water buffalo area You said exactly nothing.
Sure, you don't necessarily "learn" things you wouldn't learn anyway. But to underestimate the value of an MBA is just ignorance. You can have a nice career in finance without one, certainly, but good luck getting to the top of your field, let alone firm, without one. |
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Date: August 17th, 2005 10:36 AM Author: brass mood Thus as I said its a stepping stone in your career.
Work two years as an analyst. If you don't make associate you get your mba.
Come back or goto a new firm as an associate.
I work at a top five b-school. |
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Date: August 17th, 2005 10:38 AM Author: Demanding idiot Sure, you do. LOL (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608239) |
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Date: August 17th, 2005 10:39 AM Author: brass mood Just as you "know" alot about PE and actuaries.
HTH |
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Date: August 17th, 2005 10:40 AM Author: Demanding idiot I know what I know from friends. That is all. I am in law school. Oh, did u forget this is a law board? take your PE talk elsewhere. HTH (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608255) |
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Date: August 17th, 2005 10:32 AM Author: Demanding idiot You are an idiot. MBAs are simply for the paper. It is not about learning, it is about networking. moron. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608212) |
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Date: August 17th, 2005 10:38 AM Author: brass mood No shit sherlock. Read what I wrote.
You don't learn anything. Its there because without it you cannot progress.
READING COMPREHENSION.
"None of the tests are that easy. Why are you spewing this secondhand knowledge."
Dumbass. |
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Date: August 17th, 2005 10:40 AM Author: Demanding idiot God, you're an asshole. Go take 12 xanax. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608253) |
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Date: August 17th, 2005 10:17 AM Author: Demanding idiot I have never heard anyone say holding an MBA from harvard is TTT. You are obviously a total moron. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608115) |
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Date: August 17th, 2005 10:20 AM Author: Orange Public Bath Trust Fund How hard is it get into HBS? Their MBA class is like 1800 people, which is bigger than HLS even though law school is 3 years and business school is only 2. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608128) |
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Date: August 17th, 2005 10:21 AM Author: Demanding idiot Its not that high. 1500 maybe. Pretty tough though. The acceptance rate is quite low, HTH (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608133) |
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Date: August 17th, 2005 10:29 AM Author: brass mood Not if you have three years at Goldman, McKinsey, Blackstone, etc. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608189) |
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Date: August 17th, 2005 10:34 AM Author: Demanding idiot That is not easy for anyone, hth. I dont think the MBA people are intelligent compared to med or law people, but they have some interesting experience to bring to the table and charisma (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608225) |
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Date: August 17th, 2005 10:30 AM Author: Orange Public Bath Trust Fund it's 1,786. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608195) |
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Date: August 17th, 2005 10:29 AM Author: brass mood Yo I said that in context to our discussion. Obviously HBS is not TTT, but business school in general (which is what I said) is pretty TTT compared to other graduate programs - namely med and law school.
Also you DO NOT KNOW JACK SHIT. As highlighted in the above post about actuaries.
HTH |
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Date: August 17th, 2005 10:32 AM Author: Demanding idiot Whatever. You are obviously 19 yrs old and a complete loser. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608204) |
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Date: August 17th, 2005 10:32 AM Author: Concupiscible pearly water buffalo area I concur. And would advise people to ignore this boob. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608211) |
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Date: August 17th, 2005 10:42 AM Author: brass mood I'm not the one making a hissy fit. Plus all the information I have posted so far is true, whereas half the shit you are saying is either false (actuaries) or indicate your lack of knowledge on this subject (like not recognizing Blackstone or the fact that PE funds do in fact recruit ugrads).
Plus another poster verified the salary information I was giving out below.
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Date: August 17th, 2005 10:43 AM Author: Demanding idiot Good for you and your anecdotal info. My info is anectdotal as well, ass. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608269) |
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Date: August 17th, 2005 10:53 AM Author: brass mood Uh information on actuaries is not anecdotal as another poster pointed out.
Information on salary ranges also not neccesarily anecdotal. Another poster confirmed with similar data.
HTH DUMBASS |
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Date: August 17th, 2005 10:44 AM Author: Demanding idiot Subject: note (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608273) |
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Date: August 17th, 2005 10:21 AM Author: Cream house-broken circlehead liquid oxygen I suspected PE salaries were high but I had no idea they were at this level. Seems possible though. I know somebody at KKR (no MBA, two years analyst at a top ibank) who has only said he's making "a lot more" than he did at the ibank. I wonder if he and his buddies read up on law firm salaries when they need a good laugh. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608134) |
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Date: August 17th, 2005 10:30 AM Author: brass mood Well Ibank salaries + bonus at the two year analyst level is maybe 120-140K (60/70K Base 60/70 Bonus).
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Date: August 17th, 2005 10:22 AM Author: razzle bistre depressive oh yeah i have this spreadsheet made by presumably analysts at ibanks who gathered information. it's from 2004. blackstone paid 90 base, 110 bonus. and "Co-Investment program available." So 166 base + a bonus like that now seems kind of not as believable. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608142) |
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Date: August 17th, 2005 10:35 AM Author: brass mood The progression goes as follows from year one to year three (I have an updated spreadsheet from a friend who works at Blackstone)
Year one: 60 Base 70 Bonus
Year two: 70 Base 80 Bonus
Year three: 100 Base 120 Bonus
500K exact.
This is only slightly less than HF work which typically goes:
60/70, 65/80, 70/170
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Date: August 17th, 2005 10:39 AM Author: razzle bistre depressive this is for their P/E side and not their Ibanking side?
I guess our spreadsheets are different. |
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Date: August 17th, 2005 10:42 AM Author: brass mood No this is for PE. It's a blackstone spreadsheet same as yours. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608264) |
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Date: August 17th, 2005 10:43 AM Author: razzle bistre depressive No, mine is a spreadsheet of base and bonuses for a bunch of different PE firms in 2004. I think a lot of it is based on rumor and conjecture. I think Ibanking analysts compiled it based on 2nd hand info. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608270) |
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Date: August 17th, 2005 10:52 AM Author: brass mood Ah. Mine comes from a friend at Blackstone. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608313) |
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Date: August 17th, 2005 10:53 AM Author: razzle bistre depressive then i'd go with yours instead of mine. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608319) |
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Date: August 17th, 2005 10:54 AM Author: brass mood Would you like to know any other information? I have more salary info for other stuff too. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608327) |
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Date: August 17th, 2005 10:56 AM Author: razzle bistre depressive well, i'd like to confirm stuff i heard from headhunters. as i mentioned above, my gf is interviewing for pe firms. she said that mega funds like blackstone and kkr have already m ade their offers, and now all the other funds, ranging from very good to pretty small are interviewing people right after labor day.
typically, a successful applicant would go through how many rounds? 1st-2nd-final? and what is the time commitment for these rounds? whole day for final? |
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Date: August 17th, 2005 11:10 AM Author: brass mood I really don't know too much about how the interviews go. Typically people go through 1st - 2nd - Final and then some sort of informal dinner round before they make their decisions.
My guess is that the smaller firms might be different. Maybe more careful and nuanced interviews since they probably care more about team dynamics and not fucking up by selecting someone who won't produce. But this is just speculation on my part.
Finals shouldn't take a whole day. |
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Date: August 17th, 2005 11:18 AM Author: razzle bistre depressive guess i will find out soon anywa. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608501) |
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Date: August 17th, 2005 11:19 AM Author: brass mood gl to her. PE is very lucrative. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608519) |
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Date: August 17th, 2005 11:21 AM Author: razzle bistre depressive then maybe i could stop working and watch movies all day. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608537) |
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Date: August 17th, 2005 11:24 AM Author: brass mood It would be the best hookup ever. She makes shitloads of cash, doesn't have anytime to spend it.
And you get sex out of the deal to.
Sweeet. |
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Date: August 17th, 2005 10:41 AM Author: Orange Public Bath Trust Fund There isn't a single analyst at Blackstone in the PE group that came right out of college.
edit: I take that back. There are 2 according to their website. |
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Date: August 17th, 2005 10:52 AM Author: brass mood http://www.blackstone.com/careers/recruting.html
http://www.blackstone.com/team/alphabetical.asp?listfrom=M&listto=P
Look at Jin, Ning
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Date: August 17th, 2005 11:14 AM Author: Cream house-broken circlehead liquid oxygen The Asians in Wharton's specialty programs (Hunstman, etc.) are incredibly toolish.
But at least they're rich tools. |
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Date: August 17th, 2005 11:16 AM Author: razzle bistre depressive I so should have applied! (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608489) |
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Date: August 17th, 2005 11:20 AM Author: brass mood titcr. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608532) |
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Date: August 17th, 2005 10:36 AM Author: Cream house-broken circlehead liquid oxygen Do the other firms vary widely from that or is that like a standard market rate? PE has only gotten hotter so it's a lot more likely these numbers could go up. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#3608232) |
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Date: August 17th, 2005 10:39 AM Author: razzle bistre depressive Mean $91.4 $110.2 $201.6 $106.0 $142.0 $248.0 Median 90.0 105.0 198.0 110.0 135.0 240.0 High 110.0 160.0 245.0 115.0 185.0 295.0 Low 75.0 90.0 180.0 95.0 115.0 230.0
I'm not formatting this. |
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Date: August 8th, 2006 10:25 AM Author: motley smoky native Wow Nico Blue and Carrotlover are idiots and got pwned. (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#6398417) |
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Date: April 27th, 2008 8:43 PM Author: milky theater bump (http://www.autoadmit.com/thread.php?thread_id=241681&forum_id=2#9695298) |