Credit Senior Comp
I just got a job working in top credit group at MF (CAR/BX/KKR/APO) - I am wondering, for anyone VP and up what the total comp looks like for you and what i should expect to be making at the top at a MF.
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Based on the most helpful WSO content, here's what you need to know about compensation in top credit groups at major firms like Carlyle (CAR), Blackstone (BX), KKR, and Apollo (APO):
VP Compensation:
Director/Principal Compensation:
MD Compensation:
This progression outlook and compensation structure can vary from firm to firm, but these figures provide a general benchmark for what you can expect at top credit groups in major firms.
Sources: What is the Total Comp Range for Vp's In ER?, https://www.wallstreetoasis.com/forum/private-equity/qa-non-target-top-bucket-ssg-private-creditdirect-lending?customgpt=1, Where is the compensation in banking? Is it worth taking a pay cut for the long-term prospects?, What is your compensation in Real Estate Finance?, Q&A: VP in LO Public Credit
Credit VP1 starts at ~$400-$500 depending on fund
are these chicago numbers? that feels low for VP1 at a MF
Associate 1 is 150 + 150 = 300k
If associates have 100% bonus targets, then VPs obviously are same or higher depending on how the firm flexes base vs bonus
Even as an A1 straight out of undergrad - my bonus was slightly above 100% of base…..
At a megafund cash comp for VP should be 500-600, Dir/Principal should be $750ish, new MD a buck, tenured MD who knows. Plus carry.
MF NYC
VP 600-800.
Dir/Principal - 900+
Is this an outlier (e.g Apollo) or market for MF?
Depends completely on the fund and the type of credit, but:
- Analyst $175 - $250 TC
- Associate $250 - $300 TC
- Sr Associate $300 - $400 TC
- VP $400 - $500 TC
- Director $500 + TC
- MD/PM (is highly firm dependent can be anywhere in this range) $600 - $1 mm TC
This is maybe accurate for LMM / low-paying MM shops but don’t think true for MFs. I work at a MF and our Associates make $400K+, Sr Associates $500K+, and believe VPs are $600K to $700K 1st year, which escalates from that point forward
(Ignore the title - work in DL)
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