Hi All!
I am currently interviewing for an associate/senior associate position within the direct private equity of a dubai-based large single-family office.
What’s the typical compensation I should expect?
Do family offices typically pay carried-interests?
thanks in advance for your time!
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I know a couple of mates who worked had offers from the likes of ADIA/ Mubadala. Salary at this level varies depending on experience and professional background - average base AED 600k to 900k per annum plus 30% to 60% bonus. Carry is rare at this level! Note all compensation is tax free.
This is for associate role?
Yes associate & senior associate level
Is it true that progression to senior level is difficult due to nepotism?
Yeah and citizenship. If you are from a Western nation and are white/Arab you have a better chance at progression. Dubai has actual institutional racism where you get paid based on your passport, so if you’re from like India you will get paid 3x less than a European or a UAE local.
UAE locals are usually the most common to dominate leadership roles and so are Europeans. It’s a uphill battle to get leadership roles since there is so much random politics that go beyond work, can’t have too many non-Arabs in leadership, need to have some fringe royal’s kid progress upwards really fast, can’t have a South Asian managing UAE locals, etc.
If you think America has a fairness problem get ready for UAE, lol
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