Aug 27, 2023

How does comp vary between origination vs underwriting?

For firms with separate underwriting / origination roles (eg Monroe, Antares, etc), I’m curious if anyone has a sense of how comp structure varies as you move up, particularly at the Principal / MD levels.

At the senior levels, is origination comp based on a formula based on deal volume sourced, and is underwriting comp based on some other KPI / metric?

Thank you!

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