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)
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different job, skill. I would do it because life is about more than just money and I think investing is more interesting but each to their own. I would think that you are already at the associate level in aBBwhich explains the large delta in pay.
Feel the need to make it clear that seniors in direct lending can make millions, and you're more likely to progress in DL thanIB.
What is the all-in comp you're being offered?
Interested to hear this as well
~190k, all in
I'm guessing that's Antares then? They're known for underpaying
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
Curious too
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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
seems in line to me
Your base is great. Bonus is low.
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).
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