This week FINS reported that buyout shops are raiding investment banks for relatively inexperienced analysts. Buyout shops typically pick up execs from two-year analyst programs at IBs. But this year, PE firms are scooping up candidates less than a year after they graduate from college, according to FINS.
These fresh grads are getting good money. Recent offers for analysts guarantee $220,000 to $250,000 a year, though highly coveted workers are getting more than $300,000, FINS says.
This made me wonder: With lower-tier employees taking home such big paychecks, how much are PE executives making?
Stephen Schwarzman, the Blackstone Group’s chairman and CEO, earned