Really frustrating how opaque this industry is when it comes to comp. I’ve found the Rhodes associates study to be helpful, but wondering if there are other good ones out there?
I’m trying to benchmark comp for an SVP-type at an operator in a HCOL market. Thanks in advance
Macdonald & Company just put out a couple, but honestly they struck me as low based on my experience talking with peers + recruiting. My experience talking with a recruiter there as well has always been that they had the lowest paying positions I typically come across, so not sure what the mismatch is. Maybe they're just focused on smaller firms vs. someone like Rhodes is focused on the largest firms
Why are you using the abbreviation HCOL, just say what state / city if you’re looking for true comps. You’re already on an anonymous Internet forum. There are many “HCOL” cities and comp looks different in most of them.
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There's another thread with a google forms database - by no means exhaustive, but can start there at least ballparking.
Macdonald & Company just put out a couple, but honestly they struck me as low based on my experience talking with peers + recruiting. My experience talking with a recruiter there as well has always been that they had the lowest paying positions I typically come across, so not sure what the mismatch is. Maybe they're just focused on smaller firms vs. someone like Rhodes is focused on the largest firms
Why are you using the abbreviation HCOL, just say what state / city if you’re looking for true comps. You’re already on an anonymous Internet forum. There are many “HCOL” cities and comp looks different in most of them.
LA/OC/SD
I am at $500k - $600k total cash comp plus 1-2% in our funds which are over $1b.
Do you mind adding how many years of experience, hours, and type of shop you are at? Just entered the industry and it seems like you made it happen!!
11 YOE - Operator - 40 - 50 hours / week
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