I know a lot of people reading this work in private equity or are looking to get into private equity. Below is a recent presentation from Stanford MBA’s program about the private equity industry. If you want to skip to the end of the document it takes about compensation there based on years of experience and firm size.

Three quick notes.

1. I wanted to post this article today but realize that I have much more to add. I am going to add more information and make another article about how to get a buyside job in the financial industry.

2. I am not trying to self promote or sound mean, but please do not email me  (I get 100 emails a day and I try to respond to all of them in a timely manner) to ask for a job or how to get one in the private equity (or eslewhere in the industry), unless you are an analyst working at a mutual fund, hedge fund, Private Equity firm, bank prop desk, large asset management firm (i.e. Putnam, BlackRock, Fidelity,), or swf and want to join SumZero. If you or your friend match that criteria and want to work in private equity or at a hedge fund email me jacob (at)sumzero.com

2. I will give some advice which I gave a college student today about breaking into the industry:

First off read this article- http://www.fool.com/news/foth/2003/foth030122.htm, it is fantastic.
Connect on Linkedin not w/ everyone, but people who might behelpful. Dont just press the generic I would like to invite you to my network, but say I see you are connected to my good friend x, I would like to add you to my network regards, Ryan. something like that works much better. Four headhunters contacted me off of linkedin recently, and the site is getting even more popular for recruiters.
THIS IS THE MOST IMPORTANT: I dont make money off this but when I was an analyst I used it to brush up on my modeling skills and it is fantastic; you do not need the most expensive package but this is super cheap. These seminars cost $500 (and teach you much less),  the software is $100/$200 and never expires-http://breakingintowallstreet.com/biws/.
Learn financial modeling as best as you can. They used to train you but dont want to anymore. If you can go to ANY firm after undergrad and show them you have good modeling skills you will have a HUGE advantage over everyone else. Financial modeling is super important for i-banks, pe, sell-side, hfs, anywhere really. Even if you are a financial analyst at Pfizer you need to know it. It really opens doors. The folks at Street of Walls have great resources and books specifically devoted to landing a job in investment banking, at a hedge fund and a private equity firm (three books on all three types of jobs).
Below is the chart of compensation and the full presentation:
salary for post MBA private equity analysts

2012 Stanford PE MBA Presentation