The annual Private Equity Jobs Digest Compensation Reports are based on surveys designed to capture valuable compensation information directly from those directly involved in private equity and venture capital. Over the years, we have surveyed many partners, principals, vice presidents, associates and others from investment firms, both large and small.
The complete report is sold on www.PrivateEquityCompensation.com and a complimentary version of the report is available to our Premium Members for no additional cost.
Here we summarize the results of the current private equity compensation survey to include some of the earnings data and other findings. The report addresses issues such as the compensation earned by professionals and their work satisfaction. The report also reveal how these professionals perceive their work and what they expect from their employers.
In this, our fourteenth annual Private Equity & Venture Capital Compensation Report, we again identify current industry compensation trends and provide insights into their effect on compensation practices, recruitment and retention.
This year marks the seventh straight year of compensation gains in the private equity and venture capital industry. This year was unprecedented with the COVID-19 pandemic and many respondents noted concerns about fundraising and job security in this environment.
Despite the pandemic, we saw a general upward trend in compensation. The percentage of respondents earning $150,000 and below has continued to decline.
At the same time, those earning from $150,000 to $1 million increased 7 percent, to 68 percent of respondents. This is the highest percentage of private equity and venture capital professionals reporting earnings more than $150,000 in annual compensation in the history of this report.
In most pay bands, respondents made less bonus pay compared to last year. But, overall, 59 percent of respondents expect to see greater cash earnings this year, with 41 percent earning the same or less than last year.