VICE PRESIDENT COMPENSATION IN MASSACHUSETTS PE FIRMS

We gathered insights from 50 Vice Presidents working in Private Equity firms across Massachusetts. The report breaks down compensation based on firm AUM.

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RESPONDENT BREAKDOWN

• 22% from firms under $500M AUM

• 40% from firms with $500M–$5B AUM

• 38% from firms over $5B AUM

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BASE SALARY

Firms < $500M AUM

• Median: $183,182

• Range: $100,000 – $250,000

Firms $500M–$5B AUM

• Median: $232,600

• Range: $150,000 – $300,000

Firms > $5B AUM

• Median: $260,000

• Range: $150,000 – $480,000

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BONUS

• 46% of VPs at firms <$500M receive a bonus of 50% or less

• 45% at firms $500M–$5B receive a bonus of 50% or less

• 32% at firms >$5B receive a bonus of 50% or less

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CARRY / PROFIT SHARE

• 60% of VPs at firms <$500M receive carry or partner share

• 100% at firms $500M–$5B receive carry or partner share

• 100% at firms >$5B receive carry or partner share

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KEY TAKEAWAYS

• Median base climbs steadily with firm size, from $183,182 to $260,000.

• Carry becomes the norm at $500M+ AUM, reaching 100% participation.

• Firms >$5B reward most VPs with bonuses above 50%, aligning pay with performance.

• Top earners at large funds are making up to $480,000 in base alone, excluding bonus and carry.

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