Salary is only one component of an employee's compensation. The full report includes data on how firm size affects salaries across job titles. It may hire a bigger team and pay better. The bigger the firm's assets, said Cory Bolotsky, an operations consultant who helps oversee the platform survey, the more money it has to spend on people. When a firm raises a fund, it takes a fee from its investors for managing their money, and the fee pays for all of the firm's operating costs, such as salaries, benefits, and office space. The report observed a significant correlation between salaries and firm size. As such, the top quartile of associates, according to the report, get paid about $124,000 a year, while the bottom quartile of senior associates make $110,000. Part of the reason for the confusion: The venture industry is known for its inconsistent titles - an associate at one firm may be called "partner" at another. The salary ranges swing from firm to firm, and from one department to the next. We are republishing some of the data to lend insight - and inject a little transparency - into the hiring process of the VC industry. Insider has received the results of an extensive salary-compensation survey conducted by under-the-radar trade group VC Platform Global Community, which provides a rare glimpse into exactly how much platform employees at venture-capital firms are getting paid. In recent years, the vital function of platform employees has led firms to grow those teams, and pay them handsomely. And it's become a table stake for the industry as more funds crop up and chase after the hottest companies. This crew, often referred to as "the platform," can be incredibly helpful in the early days of a startup before it's built out those functions internally. Many firms today have a deep bench of operators, ranging from recruiters and business development managers to event coordinators and public-relations gurus, to support the firm in everything it does to assist portfolio companies after investment. But what few know is that, behind the scenes, many roles at VC firms play a hand in a startup's growth journey. Venture-capital investing isn't just about writing checks - though money is quite valuable these days - and many investors sell themselves to startup founders as an expert that can guide them to success. You can explore the data in the interactive chart below.The data sheds light on how much people are getting paid across talent, investor relations, and PR.A trade group for venture-capital employees has collected salaries data for the industry.Account icon An icon in the shape of a person's head and shoulders.
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