Oct 23, 2023

Private Credit Comp Over Time?

Hi I’m curious how private credit pays over time. I have some general figures on asso pay but how about vp, principal and md/partner?

Anyone have ranges from either their own, friends or coworker figures?

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7 Comments

O

7mo

Absolutely, I can provide some insights based on the WSO Dataset. Here's a general breakdown:

For a Senior Associate/AVP, the salary range is typically $150-200k with a 50-100% bonus.
A VP can expect to earn between $175-235k with an 80-130% bonus.
The salary for a Principal/SVP usually falls between $225-275k with a 100-150% bonus.
For an MD/SMD, the compensation can vary greatly, so it's hard to provide a specific range.

Please note that these figures can vary depending on the firm and the city. For instance, an associate for a leading direct lender in one city reported an all-in compensation of about $160k (110k salary and 50% bonus). At the same firm, a VP can earn up to $275k, a Director up to $400k, and an MD up to $500k, with the potential for more as equity is involved.

In another case, a VP in LO Public Credit reported a range of $600k-1.5m for an MD, and $800k-5m+ for a PM.

Remember, these are just general figures and actual compensation can vary based on a variety of factors. Hope this helps!

Sources: Credit Fund/Direct Lending Salaries 2019, Private Credit/Debt/DL Comp Variation, https://www.wallstreetoasis.com/forum/private-equity/qa-non-target-top-bucket-ssg-private-creditdirect-lending?customgpt=1, Q&A: VP in LO Public Credit

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AM

Analyst 1 in AM - FI

6mo

Most Helpful

My firm pays around 300-400 at associate level and I know a VP made about 650, but that’s all I got.

PE

6mo

Well which was it? A VP or a Director? Typical Principal role in between as well

Life is more than dollars

AM

Analyst 1 in AM - FI

6mo

VP, apologies for confusion.

Leveraged Buyout Model

PE

VP in PE - Other

6mo

What kind of shop. PE credit arm, stand alone, or part of AM / mutual fund?

Authored by: Certified Private Equity Professional - Vice PresidentCertified Private Equity Pro

PE

Associate 2 in PE - Other

6mo

same as PE, so above should be more or less correct for MF

PE

6mo

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Life is more than dollars

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