Chicago Private Credit Compensation
Have been recruiting for associate private credit roles in Chicago and was quoted $100 base and $40 bonus. Is this the standard for associates in Chicago? Feels low to me — I know shops like Golub pay the same as NYC but not sure about others that may not have an NYC presence
That seems low for Private Credit. Is this a PM role?
No, it’s an underwriting role. Was told pay scales well after associate.
Agree with the other comment. I haven’t really seen many Chicago roles offering lower than 180k total comp.
That’s a total lowball. The low end for Asso 1 in Chicago would be 180k all in.
Is this Monroe?
Twin Brook
Preliminary from recruiter or quoted with an offer?
Usually Chicago is at a 30% discount to all in compensation in NYC, so $140k seems a bit low (call it ~$200-210k equivalent in NYC). 1st year associate should be in the $250-300k range in NYC. That being said, if this is Twin Brook or Monroe, those are both lifestyle shops, so you are likely to have a fantastic life for the compensation.
Makes sense, thanks. It’s hard to imagine a deal based role could be 40 hours a week — seems like it might be too good to be true
When I was an Associate I was making around $250k all in working average of 50-55 hrs a week. You’re either being low balled or you’re going to get a very easy lifestyle (prob nothing past 40 hrs per week)
at what shop was this? 50-55 sounds amazing i'm over here getting my ass worked 80 a week as an analyst making ~$160k
This is in line with what Twinbrook pays. They hiring big 4 backgrounds mostly so they can get away with offering lower than market.
Any idea about comp for Monroe underwriting in NYC? Have heard the Chicago team is somewhere between 120-135K base, but I simply cannot imagine those are the same figures in NYC.
Et distinctio et totam unde veritatis. Eum autem aspernatur tempora nesciunt omnis doloribus veritatis. Reiciendis voluptates porro et asperiores. Et inventore sit non quis animi. Aut vero doloribus molestiae.
Repellendus expedita delectus consequuntur sit. Molestiae adipisci nesciunt voluptas aut. Harum debitis optio autem. Voluptas et et tenetur ea.
Delectus corrupti eligendi officia optio atque autem et in. Reprehenderit quibusdam rerum facere vitae.
Est quo quibusdam dolores officia et. Quibusdam aut illo rerum sit sit. Maiores aliquid voluptates ut adipisci ab rerum. Voluptates quo molestiae eligendi amet sed. Autem et ipsa rerum adipisci.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...