{"id":280266,"date":"2023-10-28T16:34:00","date_gmt":"2023-10-28T23:34:00","guid":{"rendered":"https:\/\/jthelander.com\/?p=280266"},"modified":"2023-10-28T16:34:00","modified_gmt":"2023-10-28T23:34:00","slug":"how-does-gender-impact-compensation-at-venture-capital-firms","status":"publish","type":"post","link":"https:\/\/brightturn.io\/?p=280266","title":{"rendered":"How Does Gender Impact Compensation at Venture Capital Firms?"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">For our October Digest, we&#8217;re looking at&nbsp;gender&nbsp;compensation data for investment professionals.&nbsp;Today, we examine the gender pay gap for three positions:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">1) Managing General Partner&nbsp;(Investment Professional I)<br>2) Managing Director \/ Partner (Investment Professional III)<br>3) Associate (Investment Professional VI)&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To do this, we looked at&nbsp;<strong>median total cash and carried interest<\/strong>&nbsp;for males and females at venture firms with less than $250 Million in AUM, $250 &#8211; $999.99 Million in AUM, and over $1 Billion in AUM.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Thelander has been tracking gender and ethnicity at investment firms&nbsp;for over five years, and we&#8217;ve used this exclusive data in our analysis. Let&#8217;s jump in!<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Chart 1<\/strong>&nbsp;shows the median total cash and carried interest for male and female Managing General Partners.&nbsp;Across all asset classes, men are making more in median total cash.&nbsp;Women have more carried interest than their male counterparts, except for in the $1 Billion+ category.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image img-border\"><img decoding=\"async\" src=\"https:\/\/jthelander.com\/wp-content\/uploads\/9d88c4ab-9e1c-dab1-e95c-91a694650096.png\" alt=\"Managing General Partner (IP 6) MEDIAN Total Cash and Carry\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Chart 2<\/strong>&nbsp;shows the median total cash and carried interest for Managing Directors \/ Partners&nbsp;at venture capital firms.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Carried interest is competitive across all asset classes for both male and female Managing Directors \/ Partners.\u00a0<\/li>\n\n\n\n<li>Women make more in median total cash at venture capital firms with $250 &#8211; $999 Million and $1 Billion+ in AUM.\u00a0<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image img-border\"><img decoding=\"async\" src=\"https:\/\/jthelander.com\/wp-content\/uploads\/837329e0-23bd-e567-8de2-c23ddded617f.png\" alt=\"Managing Director \/ Partner (IP 6) MEDIAN Total Cash and Carry\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Chart 3<\/strong>\u00a0shows that the median total cash for Associates is competitive across all asset classes with t<br>he biggest pay gap at the $1 Billion+ level in favor of male Associates. Thelander data shows that female Associates in the $1 Billion+ category are opting for carried interest in lieu of cash.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-image img-border\"><img decoding=\"async\" src=\"https:\/\/jthelander.com\/wp-content\/uploads\/9b4fee12-618a-57a9-ebd2-0ba76e1796c1.png\" alt=\"Associate (IP 6) MEDIAN Total Cash and Carry\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Our Findings:<\/strong><br>Overall, the playing field is more level for male vs. female compensation. However, there are more men at the top (as reflected in the N&#8217;s) compared to a more even mix in a lower level position such as Associate.&nbsp;As we&#8217;ve discussed in&nbsp;<a href=\"https:\/\/mailchi.mp\/jthelander.com\/thelanderifdigest-1152638\" target=\"_blank\" rel=\"noreferrer noopener\">previous newsletters<\/a>, the total AUM impacts the mix of cash and equity more than any other factor.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Why is this data important?<\/strong><br>Having access to market data on base salaries, bonuses, total cash, and carried interest helps level&nbsp;the playing field.&nbsp;It allows&nbsp;us to see what the&nbsp;market is paying based on filters&nbsp;such as total AUM and type of firm. As firms focus on ensuring a diverse candidate pipeline, Thelander will continue to track gender compensation trends.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Know someone that would find this data interesting?<\/strong><br>Invite them to subscribe to the&nbsp;<a href=\"https:\/\/jthelander.com\/subscribe\/\" target=\"_blank\" rel=\"noreferrer noopener\">Thelander Monthly Digest here<\/a>.&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\">Participate In The Investment Firm Compensation Survey Here for More Compensation Data<\/a><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Interested in learning how your compensation compares to the market?<\/strong><br>We invite you to participate in the no-cost&nbsp;<a href=\"https:\/\/survey.jthelander.com\/surveys\/2\/\" target=\"_blank\" rel=\"noreferrer noopener\">Thelander-PitchBook Investment Firm Compensation Survey<\/a>. The survey covers 75+ titles from managing general partner to entry-level analyst, and includes questions on base salary, bonuses, carry dollars at work, and more.&nbsp;When you participate,&nbsp;you can trial the platform and see how your compensation compares to the market for a subset of jobs. Plus, you can upgrade at a discounted price!<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>For our October Digest, we&#8217;re looking at&nbsp;gender&nbsp;compensation data for investment professionals.&nbsp;Today, we examine the gender pay gap for three positions: 1) Managing General Partner&nbsp;(Investment Professional I)2) Managing Director \/ Partner (Investment Professional III)3) Associate (Investment Professional VI)&nbsp; To do this, we looked at&nbsp;median total cash and carried interest&nbsp;for males and females at venture firms with [&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-280266","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\/280266","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=280266"}],"version-history":[{"count":0,"href":"https:\/\/brightturn.io\/index.php?rest_route=\/wp\/v2\/posts\/280266\/revisions"}],"wp:attachment":[{"href":"https:\/\/brightturn.io\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=280266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brightturn.io\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=280266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brightturn.io\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=280266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}