| Topic Name: |
VC Compensation |
| Message Name: |
VC Comp |
| Date Posted: |
04/20/2005 |
| In Reply To: |
Hi everyone,
I've been interviewing with a VC company (4 partners; $250Mil) for an associate position and they asked me about my salary history and expectations. I dodged that question last week, but they called and pressed again this week. They said they're a little behind in the recruitment process, that I'm their leading choice, but that they do need to know my salary history and expectations before they can make any decisions. Help! Any sage advice from anyone out there? How should I approach this and how much should I disclose? Also, what range can I expect for compensation from them? Thanks so much in advance! |
| Message: |
If you really want to know hard numbers you can get
surveys online. Search around or PM me and I can point it out.
For a $250M fund with four partners, I think the numbers posted by saladfork are right. You never mentioned your current industry/job, so it is hard to say how much delta you exect. However, unless the dollars are horrible I think you should consider the benefit to your resume.
You will go crazy though if you compare yourself with peers who are junior professionals at large PE funds that have larger teams and more levels of professional. Your experience as an associate at a fund with 4 partners and $250M will be extremely different. Also, remember comp is tied to assets under management (mgmt fee is usually 2.5%) so bigger fund = bigger mgmt fee = possibly more salary.
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