📶 How much do VCs make?

Breaking down how much salary, bonus, and carry VCs make based on their title

How much do VCs make?

Clear question. Unclear answers.

VCs are paid in salary, bonus, and carry. How much depends on title, size of the fund, location, and a number of other things.

We break down how much you can expect to make by title in this post.

For a full breakdown of our venture capital survey, click the button below.

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Snapshot:

Takeaways:

If you care about salary, do NOT work at a first-time / smaller fund. All of the respondents making the minimum / near the minimum for their position are working at smaller funds (below $50 million AUM).
Most VCs do not receive meaningful carry. ~75% of respondents receive less than 2% of carried interest.
Most associates, senior associates, and principals have MBAs; most partners do not. This could be an anomaly in our dataset, but most partners we surveyed did not have advanced degrees beyond a bachelor’s.
Path to partner takes longer than expected. It took 12.1 years on average for the partners in this survey to work their way to that position.