Private Credit / Direct Lending Comp and Progression

Is it worth leaving a lowBBto go to a direct lender (thinkAres, Antares, Golub) for a ~25% pay cut? Also, what does senior compensation look like? How far off from aIBMD?

I get the better work life balance and increasing mktshare in LevFinspace but would think a pay cut to thebuyside would becloser to 10% vs. ~25%.

Comments (24)

  • ProspectinIB - Gen
1y

What is the all-in comp you're being offered?

  • 1
1y
BankShot43, what's your opinion? Comment below:

~190k, all in

1y
Midwest Credit, what's your opinion? Comment below:

I'm guessing that's Antares then? They're known for underpaying

  • 1
1y
levered lad 25, what's your opinion? Comment below:

Buddy of mine works there and said they just massively redid all their salary / bonus ranges for the company. Would imagine it's a lot closer toBBcomp now for associates

  • 1
  • Analyst 2inIB - Cov
1y

Bump

3mo
pie.in.sky.projections, what's your opinion? Comment below:

谁能确认我的下面comp /李吗ne/above average for my experience/role?:

- 160k base with bonus of up to 20%

- Work as an underwriter at aLMMspecialty finance lender that does asset based lines of credit and term loans

- 6 yrs prior experience in commercial banking

- Fully remote working avg. 40-50 hrs/week

3mo
whatsapitchbook, what's your opinion? Comment below:
pie.in.sky.projections

谁能确认我的下面comp /李吗ne/above average for my experience/role?:

- 160k base with bonus of up to 20%

- Work as an underwriterat a LMMspecialty finance lender that does asset based lines of credit and term loans

- 6 yrs prior experience in commercial banking

- Fully remote working avg. 40-50 hrs/week

seems in line to me

STONKS
  • Associate 2inIB - Gen
3mo

Your base is great. Bonus is low.

3mo
pie.in.sky.projections, what's your opinion? Comment below:

谢谢。你认为一个更什么appropriate bonus % would be for my role? I tried negotiating the bonus % higher initially but they were pretty set on up to 20%. My prior job had me at ~100k base with avg. bonus of 15% so didn't want to risk losing the offer given the significant jump in base for me (and full WFH).

  • Associate 1inIB-M&A
3mo

Sit accusantium aut asperiores eligendi architecto. Explicabo sit eveniet ut ut. Rem quia perspiciatis repudiandae. Eum delectus rerum inventore aut iusto. Aut et dicta at ut. Dolor reiciendis pariatur nemo ducimus sapiente.

Deserunt doloribus quasi repudiandae voluptas. Temporibus maxime facilis vel qui dolorem. Repudiandae animi nobis nisi nam in porro praesentium. Enim et suscipit odit cupiditate optio adipisci.

Start Discussion

Career Advancement Opportunities

February 2023万博app网页版

  • Lazard Freres(+ +) 99.5%
  • Jefferies & Company(▽01) 99.1%
  • Financial Technology Partners(= =) 98.6%
  • Lincoln International(▽02) 98.1%
  • William Blair(▲10) 97.7%

Overall Employee Satisfaction

February 2023万博app网页版

  • Canaccord Genuity(▲04) 99.5%
  • William Blair(▲04) 99.1%
  • Lincoln International(▲10) 98.6%
  • Stephens Inc(▲11) 98.1%
  • Jefferies & Company(▲06) 97.6%

Professional Growth Opportunities

February 2023万博app网页版

  • Financial Technology Partners(▲11) 99.5%
  • Lincoln International(▲01) 99.1%
  • Jefferies & Company(▽02) 98.6%
  • Lazard Freres(▲14) 98.1%
  • William Blair(▲01) 97.7%

Total Avg Compensation

February 2023万博app网页版

  • Director/MD (6) $592
  • Vice President (26) $422
  • Associates (139) $261
  • 3rd+ Year Analyst (9) $194
  • 1st Year Analyst (260) $171
  • 2nd Year Analyst (84) $170
  • Intern/Summer Associate (43) $164
  • Intern/Summer Analyst (191) $92

LeaderboardSee all

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
pudding's picture
pudding
99.0
5
Betsy Massar's picture
Betsy Massar
99.0
6
Jamoldo's picture
Jamoldo
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
Secyh62's picture
Secyh62
98.9