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March 18, 2024 | Tom Ballard

Compensation drops for all but one category in the venture capital space

Only Associates saw their salaries rise at an average of nine percent.

Start-up founders are not the only ones getting a haircut as they seek to raise new funds. So, too, are those working in the venture capital industry.

The Emerging Venture Capitalists Association (EVCA), the nonprofit dedicated to supporting the next generation of leaders in the venture capital industry, released its 4th Annual Compensation Report last week. The report shows that:

  • From 2022 to 2023, compensation dropped 10 percent for Analysts, three percent for Senior Associates, one percent for Vice Presidents/Principals, and one percent for partners. Only one category rose, and it was for Associates at nine percent.
  • Average total compensation was $117,500 for analysts, $186,000 for Associates, $210,000 for Senior Associates, $270,000 for Vice President/Principals, and $387,500 for Partners.

Here’s the EVCA Compensation Study.

Founded in 2017, EVCA includes more than 1350 investors who come from a diverse assortment of backgrounds to share insights on industry verticals, co-investment opportunities, career planning, community service, and personal interests.

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