UK male managing partners earn €200k more than female counterparts
According to newly-released figures, UK male managing partners earn €774.30k on average, while UK female managing partners earn €545.83k on average.
The figures come from Heidrick & Struggles’ 2021 Europe & Africa Private Capital Compensation Study, which surveyed 439 participants across buyout, growth capital, distressed, credit, direct lending, secondaries, fund of funds, co-investment, and venture capital.
Across all of Europe and Africa, male managing partners earn €606.38k on average, while UK female managing partners earn €500k on average.
UK
The UK reported the highest total cash compensation, followed by southern Europe (Spain and Italy), Africa (South Africa, Nigeria, Kenya, Morocco, Egypt, and Cote d’Ivoire), the Nordics (Denmark, Finland, Norway, and Sweden) and, finally, western Europe (France, Germany, Netherlands and Switzerland).
UK managing partners and partners reported a sharp increase in bonuses this year, with male professionals reporting greater gains than their female counterparts.
Changes to compensation
Base salary
(2021 vs 2020): 34% increase, 38% no change, 28% decrease
(2020 vs 2021): 68% increase, 31% no change, 1% decrease
Bonus
(2021 vs 2020): 40% increase, 34% no change, 26% decrease
(2020 vs 2021): 67% increase, 24% no change, 9% decrease
Total compensation by seniority
2021
Managing partner: base: €318.83k, bonus: €437.80k
Principal: base: €191.30k, bonus: €191.61k
Associate: base: €107.89k, bonus: €101.97k
2020
Managing partner: base: €313.10k, bonus: €406.71k
Principal: base: €180.85k, bonus: €200.16k
Associate: base: €108.55k, bonus: €84.87k
Total compensation by gender
2021
Managing partner: male: €774.30k, female: €545.83k
Principal: male: €381.15k, female: €450.00k
Associate: male: €215.52k, female: €166.67k
2020
Managing partner: male: €735.56k, female: €483.33k
Principal: male: €352.69k, female: €625.00k
Associate: male: €201.72k, female: €170.83k
Europe and Africa
Changes to compensation
Base salary
(2021 vs 2020): 36% increase, 48% no change, 16% decrease
(2020 vs 2021): 52% increase, 47% no change, 1% decrease
Bonus
(2021 vs 2020): 39% increase, 44% no change, 17% decrease
(2020 vs 2021): 52% increase, 40% no change, 8% decrease
Total compensation by seniority
2021
Managing partner: base: €296.24k, bonus: €307.36k
Principal: base: €179.69k, bonus: €158.10k
Associate: base: €95k, bonus: €76.56k
2020
Managing partner: base: €284.08k, bonus: €279.72k
Principal: base: €171.16k, bonus: €154.83k
Associate: base: €89.06k, bonus: €61.25k
Total compensation by gender
2021
Managing partner: male: €606.38k, female: €500k
Principal: male: €342.50k, female: €339.06k
Associate: male: €171.54k, female: €147.22k
2020
Managing partner: male: €564.09k, female: €425.00k
Principal: base: male: €317.00k, female: €446.88k
Associate: base: male: €150.77k, female: €144.44k
Categories: NewsPeopleHuman CapitalHR / talent managementRecruitmentWellbeing