Over 60% of Asia PE professionals expect 2015 salary hike – survey

The Private Equity APAC Compensation Survey 2014-2015 carried out by executive search firm Heidrick & Struggles in fourth quarter of 2014, surveyed 186 Asia-based professionals. 

The findings reveal a significant increase in confidence from 2014 when just 38% investment professionals reported a pay rise from the previous year, and 61% reported no change at all.  

Meanwhile, the majority of Asia PE professionals surveyed - which ranged from analyst to managing partner - expected the increase would most likely be less than 10%, which is broadly in line with the previous year's findings. 

Asked about their expectations for 2014 bonuses - which where yet to be awarded at the time the survey was held - 33% of respondents said they are expecting to see moderate growth in overall bonus for 2014, continuing the trend from 2013. About 60% of interviewees said they didn't expect any changes.

Private equity professionals in Hong Kong reported the highest total compensation in the region, followed by Singapore, Australia, China and India, the survey said.

The average total compensation for executives at partner, managing partner and managing director level was $707,000 in 2014, compared with $668,000 in 2013. For principal, it was $463,000, while the average total compensation for vice presidents was $330,000. Associates, analysts and senior associates averaged at around $219,000, the survey found.

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