Converging compensation

The cost of local talent in the emerging markets is rising.

The global compensation bandOverall compensation levels for private equity investment

Managing Director/Partner $500,000 to $1 million $1 million and above
Principal $250,000 to $500,000 $300,000 to $600,000
Associate $120,000 to $250,000 $150,000 to $300,000

Emerging markets breakdownCompensation levels for PE professionals, by region

Country/Region Compensation
China Regional funds: $500,000 to $1 million plus carry; global funds: $1 million and above, plus carry; portfolio side competitive
India Salaries up 13-14 percent in 2007, highest in region; in places reaching Asia/Pacific levels; steep salary pyramid
MENA (Middle East and North Africa) Regional funds: $500,000 to $600,000, plus carry; global funds: $800,000 to $1 million, plus carry
Central and Eastern Europe Likely to track the London market; partner/MD: €200,000 to €400,000 base; principal/vice president: €120,000 to €200,000 base
Brazil MD: $1 million total; VP/principal: $350,000 to $450,000, base;
portfolio CEO, $500,000 to $1 million, plus equity; CFO, $500,000, plus equity
Africa and Frontier Markets Remains outside global compensation band