A look at venture capital payrolls in Germany: positive for women, less for climate funds

Female investment managers at venture capital funds in Germany earn more on average than their male peers in the same roles. This is one of the conclusions of an anonymous salary survey of more than 170 employees in Germany carried out by a venture capital firm. XAnge.

Another noteworthy finding is that climate-tech-focused venture capitalists offer lower salary packages across all positions than others. Climate VC investment managers receive an average of €100,000 per year, compared to an average salary of between €134,000 and €163,000 in other types of funds.

Climate fund analysts earn an average of €51,000, compared to €65-70,000 for other venture capital funds.

“I was very surprised to see that climate funds pay the lowest salaries at all experience levels compared to all other funds,” said Astrid Moullé-Berteaux of XAnge. “To attract the best talent, this has to change.”

It found that female investment managers earn 12 per cent more on average than men in the same role: €134,000 compared to €120,000 a year. Their salary range is €96,000 to €260,000, while the bandwidth for men was found between €70,000 and €160,000.

In terms of global average packages, investment managers earn on average €133,000, which is made up of a fixed salary of €99,000 and a variable package of €33,000.

Women in analyst roles also slightly outperform their male peers on average, earning €66,000 versus €63,000 per year. However, the annual salary range for female analysts is €45,000 to €90,000, while for men it is €46,000 to €95,000.

Only at the associate level do men earn more money on average and have a higher top salary: an average of €89,000 versus €80,000 for women, with a top salary of €130,000 versus €110,000 for women. women,

Accumulated interest (the part of profits that is paid as an incentive, usually if the fund reaches a certain minimum return) is radically different among venture capitalists in Germany. The survey found that 13 percent of investment managers get none, while 50 percent of them get between zero and two percent, and the top tier, about 12 percent, get between two and four percent. hundred.

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