For some managing general partners, their total cash compensation is just their base salary, while others also receive a bonus as well. This doesn’t necessarily mean that those with bonuses get paid more. Those without bonuses might have a higher base salary to make up for the difference.
So which is it? In this month’s Thelander Digest, we’ll look at what percentages of managing general partners received a bonus and the median total cash they received in compensation. Let’s dive in!
Key Takeaways
After analyzing our data, we discovered the following:
- At all AUM levels, managing general partners were compensated substantially higher when they received a bonus.
- The difference was most pronounced at firms with $1 billion or more AUM. Here, general partners made almost double the amount when they received a bonus!
- Around two-thirds of managing general partners at firms with $500-999 million AUM reported receiving a bonus in 2022.
- At firmswith $1 billion+ AUM, around half reported receiving a bonus.
- The lowest percentage receiving a bonus (at 43%), were managing general partners at firmswith less than $500 million AUM.
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