{"id":279518,"date":"2024-05-28T14:41:00","date_gmt":"2024-05-28T21:41:00","guid":{"rendered":"https:\/\/jthelander.com\/?p=279518"},"modified":"2024-05-28T14:41:00","modified_gmt":"2024-05-28T21:41:00","slug":"venture-capital-associate-compensation","status":"publish","type":"post","link":"https:\/\/brightturn.io\/?p=279518","title":{"rendered":"Venture Capital Associate Compensation: How Much Recent Grads Make"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">It is commencement season, which means many graduates will soon be in the market for jobs that will jumpstart their earnings and their career. (If this is you, check out <a href=\"http:\/\/complander.com\" target=\"_blank\" rel=\"noreferrer noopener\">Complander<\/a>). Among hopeful jobseekers are those who wish to dip their toes in venture capital, an increasingly difficult industry to break into. With thousands of job openings in the US, the question remains &#8211;\u00a0<em>how much money can entry-level job seekers earn in venture capital and what negotiating power do they really have?<\/em><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>According to data from the Thelander Investment Firm Compensation <a href=\"https:\/\/jthelander.com\/vc-pe-compensation-benchmarks-investment-firm-data-thelander\/\" target=\"_blank\" rel=\"noreferrer noopener\">dataset<\/a>:\u00a0<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Total cash is on the rise.<\/strong>&nbsp;VC associates can expect to earn $150,000 in total cash, up 15% from 2021.&nbsp;<\/li>\n\n\n\n<li><strong>Carried interest is holding steady.<\/strong>&nbsp;Associates can also negotiate carried interest into their compensation package. At the median, associates earn about 1% in carried interest, which has remained consistent over the past four years. Carried interest is a percentage of a fund&#8217;s investment profits that employees and fund managers receive as compensation.&nbsp;<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image img-border\"><img decoding=\"async\" src=\"https:\/\/jthelander.com\/wp-content\/uploads\/896cb666-760e-3fa5-9610-cc21df57eda3.png\" alt=\"Associate Median Total Cash and Carry\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The 75th %ile for total cash and carried interest looks different, which is typically reserved for top talent.&nbsp;<\/strong><br>Hires among those ranks can expect to earn upwards of $190,000 out of the gate, along with 1.5% of carried interest. The cash is up and carried interest is down YoY. One of the reasons being that the vesting time is getting longer so associates may be more keep on taking more cash and less cary as they anticipate advancing their career by moving to another firm.<\/p>\n\n\n\n<figure class=\"wp-block-image img-border\"><img decoding=\"async\" src=\"https:\/\/jthelander.com\/wp-content\/uploads\/cc2b4fe5-8a9f-172e-57ed-2b102bb52082.png\" alt=\"Associate 75th %tile Total Cash and Carry\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The average time for associates to get promoted to the next level is just under two and a half years resulting in an average of&nbsp;32% more in total cash and half a percentage point more in carry.<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image is-resized img-border\"><img decoding=\"async\" src=\"https:\/\/jthelander.com\/wp-content\/uploads\/519766c0-c44a-848d-4ccf-48ba9c0f2a37.png\" alt=\"How many years does a person typically stay in a position before being promoted?\" style=\"width:1086px;height:auto\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>And, promotions are never a guarantee.&nbsp;<\/strong><br>This year, just 20% of VC firms say they&#8217;ve promoted a non-partner to partner. This likely means only those who are among the top performers can expect to ascend the VC job ladder.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image is-resized img-border\"><img decoding=\"async\" src=\"https:\/\/jthelander.com\/wp-content\/uploads\/9df249ec-02cc-d130-9f2c-f9c71331dba4.png\" alt=\"Have you promoted a non-partner- to partner this year?\" style=\"width:1086px;height:auto\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The Thelander Digest is powered by the no-cost&nbsp;<a href=\"https:\/\/survey.jthelander.com\/surveys\/2\/\" target=\"_blank\" rel=\"noreferrer noopener\">Thelander-PitchBook Investment Firm Compensation Survey<\/a>. We invite you to participate and secure&nbsp;<strong>free access<\/strong>&nbsp;to a subset of the results on our platform. All data is published in aggregate only with&nbsp;<strong>no individual names or firm names reported.<\/strong>&nbsp;If you are interested in learning more about our private company dataset for your portfolio companies, schedule a call or demo with Morgan&nbsp;<a href=\"https:\/\/calendly.com\/morganthelander\/30min\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>. You can also reach us by phone: +1.305.793.8605&nbsp;<\/p>\n\n\n\n<p class=\"has-text-align-center btn-post wp-block-paragraph\"><a href=\"https:\/\/survey.jthelander.com\/surveys\/2\/\" target=\"_blank\" rel=\"noreferrer noopener\">Start the Survey Now<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It is commencement season, which means many graduates will soon be in the market for jobs that will jumpstart their earnings and their career. (If this is you, check out Complander). Among hopeful jobseekers are those who wish to dip their toes in venture capital, an increasingly difficult industry to break into. With thousands of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[5,3],"class_list":["post-279518","post","type-post","status-publish","format-standard","hentry","category-newsletter","tag-investment-firm","tag-newsletter"],"_links":{"self":[{"href":"https:\/\/brightturn.io\/index.php?rest_route=\/wp\/v2\/posts\/279518","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/brightturn.io\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/brightturn.io\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/brightturn.io\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/brightturn.io\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=279518"}],"version-history":[{"count":0,"href":"https:\/\/brightturn.io\/index.php?rest_route=\/wp\/v2\/posts\/279518\/revisions"}],"wp:attachment":[{"href":"https:\/\/brightturn.io\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=279518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brightturn.io\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=279518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brightturn.io\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=279518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}