Trending Content - Credit Forum
Career Resources
WSO Free Modeling Series - Now Open Through
August 31, 2026
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
High Finance Applications
Guaranteed
Get at least one offer GUARANTEED
- 1:1 support
- 92% success rate
- 2,000+ mentor network
- Unlimited Live bootcamps
- AI for resume + LinkedIn
- Networking automation tools
- HireVue simulation tool
- Full course library
- Private Slack community
- 20hrs of mocks
- + much more...
Bump. Also has hiring for these types of shops picked up yet?
Assuming you're referring to private credit stuff like what Oaktree does then 1st year associate should be anywhere from $250k to $350k depending on performance and location
Not sure what you mean by private credit stuff and I haven’t heard recent Oaktree numbers but I would be shocked if their Opportunities/ SS strategies paid as low as 250k since the Ares / Centerbridge distressed / SS groups pay more than 350k for y1 associates.
Maybe you have different data points, but Ares LA has generally been known for the lower end of the spectrum OP mentioned.
Centerbridge credit is heavy on privates.
Quoted in the 250-300 range in last year for y1 associate seats:
- Brookfield SI,
- PIMCO
- Blackrock
- Taconic
Bain special sits - Gobuyside was quoting 275 - 325 in mid-2021, so assume that’s moved higher.
250 feels a touch low- thought it’d be more like 300-350 (assuming NYC/LA)? Also are most of these platforms multistrategy, ie combination of distressed/long short/merger arb etc?
These were all for NY and I agree are on the lower end, even for jobs targeting first job out of banking.
Blackrock, PIMCO, and Taconic have buckets that cover all those strategies but juniors are generally silo'ed. OP asked for comp for three funds without multi-strat credit hedge funds so figured they were asking more general opportunistic credit seats.
Blackrock, PIMCO are asset managers so aren't going to be paying private equity type comp y1. Brookfield underpays and Taconic appears to have some people starting as associates just over a year after they graduate college so may be skewing some of the numbers there.
Is this US? Any insides on London?
Headhunters have quoted $350k for Centerbridge
Sit consequatur hic eos dicta aut. Ut fuga dicta itaque labore perspiciatis temporibus consequatur. Delectus illum ea exercitationem eum iusto aliquam earum. Mollitia qui deleniti pariatur et aut.
Earum alias et voluptas eligendi quia. Saepe sed eum voluptas esse aut velit quidem et.
Et assumenda similique numquam totam. Sed et ex tempora consequatur iste velit est. Quaerat officia harum et et rem ut sint. Molestias maiores voluptate ut et possimus consequatur ad. Delectus impedit necessitatibus a impedit nesciunt nobis non quod. Harum vitae quaerat cupiditate.
Qui non nihil facere pariatur sint quia. Sed molestias et consequatur et fuga voluptatem. Facere omnis quis vitae dolor.
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...