Lots of threads recently on IR as an attractive exit. Comp seems all over the place, but MF seems relatively standardized 250-350k (cash?) at the ASO level, how true is this? ASO2 growth at MM/UMM (depends on who you’re talking to), do I have a shot at MF IR and would you go thru a HH or direct apply?
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Based on the most helpful WSO content, transitioning into Investor Relations (IR) after gaining experience in private equity (PE) is a recognized career path. Here's what you need to know about the compensation and the process of breaking into IR at a mega fund (MF):
Compensation at MF in IR: The compensation for IR roles at the MF level can indeed be quite standardized, with figures around $250k to $350k at the Associate (ASO) level being commonly reported. This typically includes a combination of base salary and potential bonuses.
Career Transition to MF IR:
Growth Opportunities: Growth from ASO2 in MM/UMM to roles in MF IR is plausible. Demonstrating strong performance, excellent communication skills, and a deep understanding of investor needs can make you a strong candidate.
Decision Factors:
In conclusion, if you're considering a move to MF IR, it's advisable to evaluate your current skills, understand the role's demands, and possibly engage with a headhunter to maximize your chances. Whether to go through a headhunter or apply directly largely depends on your personal network and the specific opportunities available.
Sources: Q&A: London REPE MF Associate, Q&A: London REPE MF Associate, Ask Me Anything: S&T to Consulting to PE Ops, Career in Investor Relations for a MF, A decade of pay in numbers
All through headhunters. I’m a dir/prin. My assoc1 is about 250k all in. Snr assoc around 350k, VP 450-650k, Dir 700-900. MD depends but 1-2m is typical, have seen roles paying 3 (cash, excl carry). Team heads / real fundraise rainmakers can exceed that.
At principal and up carry is also part of the package, depending on the firm. Have seen at VP on occasion but inconsistent.
Who are the best headhunters for IR?
Also interested
Bump
Two options. Boutique industry specialists. These hh are small but hyper specialized in industries (not just IR, but think like TMT/Hc/infra etc specialized but cover IR). Then the classic big ones.. Korn ferry, Russell Reynolds, etc.
Best way to initially get in touch is get referrals from friends
How much lower is carry at PRIN level and above compared to the deal team?
Much lower I’d assume.. but who cares, you make hundreds of thousands to millions and you work max 60 hours a week. Sounds sick. Kind of regretting being deal team
It varies but it’s lower. Generally about half.
current IB analyst- what specific prep should I be doing to be successful at PE IR case studies? Heard we do not have to model LBO
Being good at IR as an associate is moderate excel work (data manipulation, no models) and ppt. Getting to next level (coverage) is that and a bit and EQ.
To prep just network and know what the job reqs are
What’s the travel schedule like in IR?
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