The bottom feeders of private equity (we’re talking, like, analysts) are now making $215,000 a year, 29% more than in 2006. If you must know, the bump in pay apparently has more to do with some sort of pissing contest between buyout firms and hedge funds, re: who can retain the best talent, and less to do with Steve Schwarzman, 5’6”, warming up to his plebes, but take it from us and consider that a good thing. Those pokers will scratch your eye out.
Why Private Equity Is the MBA’s Mecca (Hint: $) [Deal Journal]
Posted by Sister Patterson, Oct 30, 2007 10:11PM
Did anyone see Midget Mac take a beating like a champ the other night? That man is going places.