What we find is that extreme compensation makes for good headlines but private equity professionals look around their own firms and see a very different picture. That's why we lead this effort to give both firm managers and employees reliable pay benchmarks to evaluate their own situation.
New York, NY (Vocus) October 20, 2010
For the fourth year in a row, an industry-leading survey is being conducted to discover the changes in private equity and venture capital compensation practices.
The Private Equity Compensation Survey is designed to collect data directly from those in the industry and create a reliable and affordable compensation benchmark tool for both individuals and firms looking to set compensation policies. The survey is being conducted by the publishers of Private Equity Jobs Digest.
The online survey can be completed in about five minutes and eligible participants who complete the survey receive the final Private Equity Compensation Report (a $247 value) free of charge.
"With Wall Street pay levels on track to set another record and some well-publicized fund managers earning astronomical amounts, reliable compensation benchmarks are needed to inject a dose of reality." says David Kochanek, publisher of the Private Equity Compensation Report. "What we find is that extreme compensation makes for good headlines but private equity professionals look around their own firms and see a very different picture. That's why we lead this effort to give both firm managers and employees reliable pay benchmarks to evaluate their own situation."
The survey goes beyond just salary levels. It asks about carried interest sharing practices, benefits, work environment, bonuses relative to performance, size of firm, and job satisfaction.
"This year, understanding pay practices is even more important. If the firms don't set compensation policies correctly, they risk losing their top performers," says Kochanek. "In addition, many of the new financial regulations focus on restricting pay at public investment banking firms. Most private equity firms do not face the same scrutiny and have more leeway in compensation practices."
Industry insiders can participate in the survey at http://www.pecompsurvey.com and secure access to the $247.00 Private Equity Compensation Report free of charge when the results are published.
About The Survey
The Private Equity Compensation Survey is currently open to participants in the Private Equity and Venture Capital industries. Data is collected directly from private equity and venture capital partners and employees from firms, both large and small. Some of the firms participating in past surveys included: 3i, Actis, American Capital, Babson Capital Management, Bain Capital, BlackRock, Clairvest, CPP Investment Board, Deutsche Bank, EDC Equity, EdgeStone Capital Partners, Highland Capital Partners, Kaiser Permanente Ventures, North Atlantic Capital, RBS, Safeguard Scientifics, SV Life Sciences, and Time Warner Investments.
The annual survey is conducted by Job Search Digest, a provider of web-based career services, catering to professionals in the private equity, venture capital, investment banking and hedge fund industries.
For more information contact
David Kochanek, Publisher