Is principal higher than VP in private equity?
The Private Equity Principal vs.
Principals are the next most senior role and usually need to have several years of experience as a VP before making the leap. Principals are evaluated on their ability to find promising companies and close deals on them. They are also involved in the management of and execution of company portfolios.
| Position Title | Typical Age Range | Time for Promotion to Next Level |
|---|---|---|
| Senior Associate | 26-32 | 2-3 years |
| Vice President (VP) | 30-35 | 3-4 years |
| Director or Principal | 33-39 | 3-4 years |
| Managing Director (MD) or Partner | 36+ | N/A |
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $244,500 | $20,375 |
| 75th Percentile | $190,000 | $15,833 |
| Average | $157,532 | $13,127 |
| 25th Percentile | $115,000 | $9,583 |
At the senior level, a private equity director, principal, or managing director is directly involved with client negotiations. It's usually up to these senior folks to ultimately win and close deals. After closing a deal, these roles work extensively with portfolio companies to ensure the deal will prove successful.
4 - Senior Vice President
Sometimes called an executive director or a principal, the senior VP slot is as high as most investment banking professionals get; some even spend their entire careers as vice presidents.
Scope – While principals oversee operations at individual schools, superintendents are responsible for entire districts (multiple schools and facilities). Being higher in the chain of command, superintendents have purview over significantly more students and staff.
| State | Annual Salary | Hourly Wage |
|---|---|---|
| California | $105,335 | $50.64 |
| Oregon | $104,512 | $50.25 |
| North Dakota | $104,501 | $50.24 |
| Oklahoma | $103,753 | $49.88 |
How much does a Principal make at KKR in the United States? Average KKR Principal yearly pay in the United States is approximately $248,270, which is 137% above the national average.
In this management role, you may lead and mentor team members, work directly with clients, vet transactions, and give presentations. This job heavily emphasizes communication, including negotiation skills and the ability to convince current or potential clients to invest in your company.
How much does a VP of private equity make in NYC?
$292K. How accurate is a total pay range of $220K-$393K/yr? Your input helps Glassdoor refine our pay estimates over time.
Highest salary that a Private Equity Associate can earn is ₹45.0 Lakhs per year (₹3.8L per month). How does Private Equity Associate Salary in India change with experience? An Entry Level Private Equity Associate with less than three years of experience earns an average salary of ₹15.4 Lakhs per year.
$390K (Median Total Pay)
The estimated total pay range for a Principal at Bain Capital is $303K–$512K per year, which includes base salary and additional pay.
The Principal and Vice President roles have some overlap, but VPs act more like “project managers for deal execution,” while Principals spend more time on deal sourcing, intervening in critical negotiations, and winning buy-in from the Partners.
The estimated total pay range for a Principal at Apollo Global Management is $217K–$383K per year, which includes base salary and additional pay. The average Principal base salary at Apollo Global Management is $191K per year.
Getting promoted in private equity (PE) is not easy. You need to demonstrate exceptional skills, performance, and potential in a highly competitive and demanding environment.
Total Salary Range for Goldman Sachs Vice President
The estimated total pay range for a Vice President at Goldman Sachs is $202K–$298K per year, which includes base salary and additional pay. The average Vice President base salary at Goldman Sachs is $189K per year.
The specific designation of Vice President or Principal differs at each firm – sometimes Principal is the equivalent of Senior Associate (like at KKR) and sometimes it is the role right before Managing Director. The most senior role is Managing Director and Partner.
Unlike the principal, the vice-principal does not have quite the decision-making authority that the principal carries. Although they still carry nearly the same authority among students, vice-principals do not have the same power on the board.
Some companies may call it “senior staff.” The principal position is equivalent to a group (or senior) manager if you are on a managerial career path. Naturally, the next step for a principle IC is director (or VP) equivalent, often accompanied by the title “distinguished” (or “fellow”) in the IC ladders.
Who is next after principal?
Assistant Principal/Vice Principal: The next promotion after being a principal is often the position of an assistant principal or vice principal. These individuals work closely with the principal and assist in managing the school's administrative and academic functions.
There is not much difference as such. In an independent college the head of the institution is designated as a Principal. In a Group of Institutions the head of each institution is designated as Dean. Above the Dean's there will be a Director for the Group.
$312K (Median Total Pay)
The average Private Equity Principal base salary at The Blackstone Group is $211K per year.
The estimated total pay range for a Vice President at EQT Group is $156K–$253K per year, which includes base salary and additional pay. The average Vice President base salary at EQT Group is $167K per year.
Carried interest can be very lucrative because the Partners at the PE firm might contribute only 1-5% of the fund's capital, but if it performs above the hurdle rate, they can claim 20% of the fund's profits.
