77 percent reported working between 50-70 hours per week on average and 10 percent work 40-50 hours per week.
Unlike past years, this year, the number of hours worked didn’t necessarily correlate to overall compensation levels (with the exception of a small number of people who worked more than 90 hours per week).
We often hear that those early in their careers feel like they are underpaid for the level of effort they put forth. Each year we take a look at earnings calculated on an hourly basis. The results are interesting but not all that surprising.
Money isn’t the only form of compensation. Vacation in the industry is generous, with over 79 percent earning three weeks or more. By US standards, an industry average of more than three weeks of vacation earned is generous.
Of course, the average is higher in Europe. In a most cases, less vacation was taken than earned. The average vacation taken is only 2.5 weeks (all countries included).
Back to the 2010 Private Equity Compensation Report