A Private Equity Associate earns an average salary of $75,707 per year. Most people with this job move on to other positions after 10 years in this field. A skill in Financial Modeling is associated with high pay for this job.
Private Equity Associate Total Pay (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$49,594 - $96,120
(Median)
50K
60K
76K
96K
MEDIAN: $75,706
10%
25%
50%
90%
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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$49,594 - $96,120  
   
Bonus
$4,792 - $36,276  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$54,255 - $126,709  
PayScale
Country: United States | Currency: USD | Updated: 21 Apr 2014 | Individuals Reporting: 67
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Job Description for Private Equity Associate
A private equity associate participates in the entire process of private equity investment such as sourcing, company evaluation, structuring and negotiation, and monitoring of the current portfolio. Among other things, he is responsible for the preparation and review of fund-level financial statements including the consolidated balance sheet, income statement, and cash flows. The minimum qualifications needed in order to be hired as a private equity associate is a bachelor's degree and two or more years of full-time work experience in investment banking or management consulting. Someone with a bachelor's degree majoring in accounting is highly desirable since a private equity associate is expected to prepare and/or provide input to company financial reports. Thus, being a CPA is highly preferred. A private equity associate must also possess strong managerial skills. He or she must be proficient in the Microsoft Office productivity suite, including Word, Excel, Outlook, and Access. Familiarity with any of the private equity management solutions software programs, such as Investran, is highly desirable. Private equity fund companies and investment banks are the companies that employ top-quality private equity associates with great potential. Most private equity associates work regular business hours in their respective company offices, where they interact with their fellow associates and report directly to the vice president or principal partner. Their typical workday is mostly filled with client and prospective client telephone calls. There are times when a private equity associate is required to meet clients outside or his or her office and during off-hours. Out-of-town meetings and conferences may also be common occurrences. Additionally, private equity associates spend a great amount of time reading and analyzing materials that are relevant to their trade.
Private Equity Associate Tasks
  • Assist in processing portfolio transactions.
  • Conduct research to identify investment opportunities and carry out due diligence analysis.
  • Perform financial analysis on clients' investment portfolios to determine potential returns.
  • Present results of analysis and portfolio decisions to clients and management.

Private Equity Associate Advice

What do you wish you knew about your job when you first started out?
Private Equity Associate in Washington:
"Calm Efficiency."
First, master the tasks associated with your job level. Next, start to take some responsibilities off of those you report to in order to free up their time. If you can manage your time and tasks as well as carry yourself with a calm yet confident manner, your peers and superiors will take note.
Related Job Salaries

Experience Affects Private Equity Associate Salaries

Mid-Career
up arrow 6%
National Average
$88,000
Entry-Level
up arrow 1%

Skills That Affect Private Equity Associate Salaries

Financial Modeling
up arrow 23%
Financial Analysis
up arrow 5%
National Average
$88,000
Job Satisfaction
Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 17 votes.
Gender
Female
21%
female alumni
 
Male
79%
male alumni
Years of Experience
Less than 1 year
4%
1-4 years
54%
5-9 years
39%
10-19 years
3%
Common Health Benefits
medical benefits Medical: 97% dental benefits Dental: 80%
vision benefits Vision: 66% employee benefits None: 3%
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