Jan 01, 2022
 

I’ve got a bit more experience and I’m a good chunk higher than that, although that may not be the norm. I do remember around the 3yr mark that recruiters were in the above mentioned ballpark though

 

our associate program (recruited 1-3yrs from IB) has a fairly structured pay guidance of 225/250/275K. this is for a large (top 5) credit/CLO shop.

 

Do they happen to have a private credit arm?

Correct me if I'm wrong, but I was under the impression that those working at a CLO fund that doesn’t participate in direct lending can expect lower comp than their direct lending peers or professionals that are generalists spread between both strategies.

 
Most Helpful

Pre-covid scale 2019 (post 2/3 yr banking program):

1st yr associate - $180-215k

2nd yr associate - $225-250k

3rd yr associate - $275-300k

1st yr VP - $320-350k

Adjusted for the 2021 comp raises (post 2/3 yr banking program):

1st yr associate - $200-225k

2nd yr associate - $250-275k

3rd yr associate - $325-350k

1st yr VP - $400-425k

If you disagree, please feel free to comment your datapoint below. All info is helpful in adjusting the ranges. Aiming to capture the middle 50% of the range, know there will be folks above and below

 

Quis dolorum dolorem commodi molestiae et quam itaque praesentium. Velit unde cum provident molestiae eos. Ut rerum aut at dolor nam quod. Quidem itaque sequi aut itaque.

Commodi qui culpa distinctio odio. Consequatur velit ab expedita labore deleniti vel nobis. Temporibus eius quo repudiandae. Doloremque eos tenetur ut et aspernatur doloremque. Sint facilis omnis eveniet. Dolorem et asperiores eum error.

Nobis est provident fugiat. Sed ut qui perspiciatis maxime suscipit nostrum. Doloremque voluptatem voluptates deleniti architecto dolore.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (20) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
kanon's picture
kanon
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
bolo up's picture
bolo up
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”