Hi wondering if someone wants to exchange info regarding comps and working hours
Myself:
Dutch small PE
2 years of experience
70k + up to 100% bonus (last year TC ~110k)
Working hours 80-90 per week
Free to wfh
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Ignore title - 1st year analyst at a boutique (Proj Finance)
60k base / 30k bonus (0 sign-on)
Which country you are currently working in?
90k for Project Finance seems quite nice
Germany in a large city - however it’s a mix of advisory/financing so nearly M&A hours
Currently 2nd year analyst in Germany: 80k fix + 60-75% bonus. Assoc1 will be 95-105k fix + 100% bonus. Very good hours ~50-60h, 2 days WFH.
Got the following numbers for other shops (offers, interviews): LMM Dutch PE shop (office in Germany): analyst2: 70-75k + 20-25k bonus. Associate range was 80k + 30-40k bonus. UMM fund in Germany (Munich): Assoc1: 120k fix + ~80% bonus (don‘t know exact #s but overall top pay) Smallcap fund in Germany (Frankfurt): Analyst2: 70-75k fix + 10-20k bonus
Are u working in an advisory firm or PE now?
50-60 hrs with this comp is amazing
You wouldn't want to dox yourself so will not directly ask you your firm name but how do you find firms that are open to WFH and have chill hours
Honestly, it was just luck - randomly applied and found a great team, which highly values culture/hours. Of course, it can get tougher during live deals but gross average is 50h.
And yes, I work at a multi-strategy fund. So I am not on the sellside. Regarding WFH, I just can speak for Germany where WFH is quite common now on the buyside. I think most of buyside shops offer WFH (atleast on Friday‘s). I know its tougher in the US.
Since you seem to have chosen another one, and this wouldn’t compromise your anonymity, would you be willing to share the name of the Munich fund?
bump
Think your comp is quite good.
what I have heard is: 1. 66k + up to 30% bonus (European LMM fund / analyst), 2. 90k + up to 30k bonus (European Small/LMM fund, analyst+). Hours for both around 60 hours would say so.
Thank you for your input!
One thing to add is that the Partners of my firm are not really from the Netherlands, that might be the reason why the compensation was slightly better than the market (but also the hours are much worse)
bump
Daily bump
Bump
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