An Associate may have a base salary of $150K the first year, $180K the second year and $200K or more the third year. An Associate will likely be eligible for an annual bonus representing 100% or more of the base salary. For many firms, a large percentage of your bonus may be in stock options. .
At the same time, Katherine and Nic are correct in terms of the committment you will be expected to make. As a Director and then General Manager of a global investment unit, somewhat similar to investment banking, I traveled several hundred thousand miles/year and worked eighty hours + each week. I also worked on National holidays ( On a U.S. holiday, I would work in another country that day).The stress can be formidable.
And yes, if very successful over time as a self driven individual, you can anticipate becoming a multi-millionaire. Just be aware that the role you have chosen is extremely competitive and stressful. Your job is your life.
Bob recommends the following next steps:
- Seek out information related to corporate venturing or corporate mergers and acquisitions. It can be financially lucrative but less stressful.