Salary Insights by AUM Category
Below $500M AUM:
- Salary Range: The survey revealed salaries ranging from $150,000 to $450,000, reflecting the varied compensation strategies employed by smaller firms.
- Median Salary: The median salary for VPs in this category stands at $253,000 illustrating a solid earning potential for experienced professionals.
- Bonus Structure: Notably, 78% of participants in this category received bonuses exceeding 50%. While the lowest reported bonus was 0% (included in salary), the highest reached an impressive 100%.
- Incentives: A significant 100% of respondents reported receiving Carry or profit and partner shares, highlighting the alignment of interests between the firm and its leadership.
$500M to $5BN AUM:
- Salary Range: VPs in firms with AUM between $500 million and $5 billion reported salaries from $120,000 to $600,000.
- Median Salary: The median salary for this group is $255,455, indicating a competitive compensation package for mid-sized firms.
- Bonus Structure: The survey found that 72% of participants received bonuses greater than 50%, with the highest bonus reported at 120%.
- Incentives: A robust 100% of respondents in this category received Carry or profit and partner shares, underlining the potential for significant earnings based on firm performance.
$5BN+ AUM:
- Salary Range: For firms managing over $5 billion in assets, salaries ranged from $200,000 to $550,000.
- Median Salary: The median salary here is $294,444 reflecting the high expectations and responsibilities that come with such large-scale operations.
- Bonus Structure: In this category, 90% of participants received bonuses of 50% or more, with the highest bonus reported at 100%.
- Incentives: A significant 100% of respondents reported receiving Carry or profit and partner shares, emphasizing the strong incentive structures designed to attract and retain top talent.
Conclusion
The findings of this survey shed light on the competitive nature of Vice President compensation in New York’s Private Equity landscape. With varying salaries and bonus structures across different AUM categories, it is crucial for firms to stay informed about industry standards to attract and retain the best talent.
At Raw Selection, we pride ourselves on our meticulous approach to candidate research and placement. Our track record speaks for itself, with a 100% success rate for all our retained clients and 96% of placed candidates remaining in their roles after 12 months.
If your Private Equity firm is looking to hire top talent or if you’re seeking a new role within the sector, please get in touch with Alex at alex.rawlings@raw-selection.com. We’re here to help you navigate the complexities of the hiring landscape and achieve your goals.
