Hello everyone,
年代aw some threads on here about this but was wondering how much approximately does comp vary in cities like Chicago/Charlotte/Dallas for those in private debt and what does the total comp look like as you get promoted? Have only heard comp about theMFshops in纽约C.
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also curious on how "safe" y'all think a career in PD/PD/DL is relative toPE或者IB? Also does job security vary significantly betweenMFshops and毫米firms?
对别人的想法也很好奇，但我会开始。我是其中一个城市中领先的直接贷方的合伙人，全部约为16万美元（薪水为11万美元和50％的奖金，这显然将少于今年）。副总裁达到27.5万，导演400k，MD 500K，随着股权的涉及更多的上行空间。我经常被告知这些数字比该行业低，这可能是由于我们不做典型IBrecruiting (someIBfor sure but a lot of analysts out of undergrad and TAS experienced hires as well as credit people from banks), as well as primarily being senior/uni with not a lot of 2L/Mezz. However COL adjusted $150 in my city is pushing 225k in纽约Cso I dont think it's really much of a cut. Would also add hours are pretty awesome, usually between 45-60 with only a couple weekends a year. Think most senior oriented funds are similar to this, with the more opportunistic/risky ones paying more. But I could be wrong and don't have many other data points to go off of for lower COL cities
在直接贷款之前，您的背景是什么？
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Thank you for your contribution. I appreciate it.
也对您的背景感兴趣。你是从本科开始还是这样做了IBfirst? If you went straight into DL, would you go doIBfor 2 years and try to get back into DL/PE还是您可以在没有的DL商店里赚多少钱IB经验？
我在做DL之前做了三年的公司银行业务。我认为IBis the easiest way to get into DL but it's definitely possible to do it with a slightly less traditional background (as I mentioned in my larger post). I would never doIBbecause for a variety of reasons, and think I could hop to a higher paying DL shop if I tried (not worth it now due to economy, not too many options in my city, uncertainty with new culture which is important to me).PEwould be a lot harder and would prob needIB或者MBAif I wanted to go to a legit shop unless I got lucky or had a connection
Understanding these numbers are lower COL cities they still seem significantly lower than other numbers posted previously. What am I missing???
分析师：$ 80-95K + 10-45％奖金
合伙人：$ 100-150K + 25-75％奖金
高级助理/AVP：$ 150-200K + 50-100％奖金
副总裁：$ 175-235K + 80-130％奖金
Principal/SVP: $225-275k +100-150% bonus
MD/SMD: Who Knows
Thread://www.yjhypon.com/forums/credit-funddirect-lending-salari…
好问题。很高兴您引用了该线程。Comp似乎有很多变化，这就是为什么我想启动此线程。
Any thoughts from other people currently in this field?
You're missing the COL adjustment.纽约Cis 30%+ more expensive than my city. These numbers are about that much higher and are probably for纽约C. Would love to hear more lower COL data points. If those are higher it's probably because they invest lower on the cap structure
Ya saw another thread sayin 1st year associates get 175-250K at places like GSO, Bain, Owl rock and others.
Any one else got compensation numbers for the big boys in NY? (Associate through to MD)?????
These numbers seem low for a larger credit fund especially for VP levels and up (should clear $500k easily if not much more at places like Ares)
再次碰到
年代aw on another thread today (about Ares) that 500K-1M for people in credit firms. Didn't specify if that was at VP or MD level
确实以与信贷资金相同的方式进行工作PEfunds?
从我的经验（作为员工和与HH交谈的人）作为部分负责招聘的人的几个更难的数据点）
Firm 1: Smaller DL (~$1Bn AUM) in a lower CoL and no-tax location (think FL or TX)
副1: Something like ~$90k base + 75% bonus (no carry / co-invest)
副2: Something like ~105k base + 75% bonus (no carry / co-invest)
Firm 2: Mid-size DL in纽约C(figures likely a bit under "market", particularly as you move up in seniority)
合伙人2：〜$ 100K基础 + 100％奖金 +共同投资
年代r.Associate (no MBA): Something like ~$130k base + 100% bonus +Co-Invest
VP: Something like ~$160k base + 100% to 125% bonus + Co-Invest + Carry
其他Data Points
The standard "market" for DL associates w/IB对于普通的HCOL城市（例如纽约. Few years ago the $200k all-in was standard, but that has moved up some in the last few years. As others have noted, it's going to vary widely though by fund size, investment strategy, firm brand name, pure-play shop vs. multi-strategy asset manager, etc. Once you get out of纽约C，它确实可以到处都是，但可能会达到20万美元或平均水平。
I've seen VP comp all over the map. Have heard some numbers that are more PE-like in nature of ~$600k+ all-in cash comp for some larger firms, but those are likely more "experienced" VPs (i.e. not your 29 or 30 year-old direct promote with no MBA). Standard is probably somewhere in the $400k - $500k cash comp ballpark, with some carry and co-invest economics on top of that.
Generally speaking, you're not going to get PE-rich on the direct lending side. That being said, you're going to still get paid very well and generally live a much better lifestyle than yourMFPE同行。
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