VC/PE又降薪了

Core Insights - The overall salary level in the VC/PE industry continues to decline in 2024, with the median annual salary for front-line investment managers dropping to 300,000 yuan [2][3] - There is an increasing disparity in salary levels among different types of institutions, with first-tier investment firms maintaining higher base salaries but experiencing significant reductions in bonuses [2][3] - The decline in salaries is attributed to a lack of new capital entering the market, leading to difficulties in fundraising and poor performance of existing funds [3][7] Salary Trends - The salary reduction trend has intensified since 2023, with base salaries being cut significantly, and some institutions reporting reductions of nearly 50% in bonuses [3][8] - Many institutions have implemented cost-cutting measures, including layoffs and salary reductions, with some firms reporting a 20% annual reduction in staff [3][4] - National state-owned enterprises (SOEs) are also facing salary cuts and restructuring, with some investment departments being entirely dissolved due to poor past performance [4][6] Employment Shifts - Investment professionals are increasingly transitioning to other roles or industries due to the challenging market conditions, with some taking on side jobs or moving to operational roles within their firms [7][8] - The perception of SOEs as stable employment options has changed, with many professionals experiencing layoffs or significant changes in job responsibilities [4][5][6] - The implementation of a "last place elimination" policy in some SOEs has further intensified job insecurity among investment professionals [6] Market Outlook - The investment community has adjusted its expectations, with many professionals now viewing any positive returns as a significant achievement, moving away from unrealistic high-return narratives [8] - The current investment landscape is characterized by a focus on hard technology, requiring patience and a longer investment horizon for returns [8] - The cyclical nature of the market has led to a recognition that personal development and skill enhancement are crucial for navigating the current challenges [8]