HY CLO Shop Estimated AN1 Comp?
Hi all,
Starting off out of undergrad soon at an upper tier HY CLO manager (think Octagon, Golub, Oak Hill, etc.) and trying to understand what's normal in terms of base pay and bonus expectations. For reference my base is around 100k, trying to understand if that's normal for the industry and what I could expect for an end of year bonus at a shop like this.
Based on the most helpful WSO content, here's what you can expect for AN1 compensation in the CLO Asset Management space:
Base Salary: Your base salary of around $100k is within the typical range for an Analyst 1 (AN1) in the industry. The WSO threads indicate that base salaries for Analysts in similar roles can range from $100k to $300k, depending on experience and the specific firm.
Bonus Expectations: Bonuses can vary widely and are often a function of both individual and firm performance. For an AN1, bonuses could range from a smaller percentage of the base salary to a significant addition, but specific figures for end-of-year bonuses at HY CLO shops are not detailed in the context provided. However, it's not uncommon for bonuses in the finance industry to range from 20% to 100% of the base salary, depending on the level of the position and the firm's performance.
Remember, these figures can fluctuate based on market conditions, the performance of the firm, and individual performance. It's also worth noting that compensation structures can change over time, so it's a good idea to keep an eye on industry trends and discussions on platforms like Wall Street Oasis for the most current information.
Sources: Unpacking Corporate Banking at Citi/BAML?, CLO Asset Manager, 2022 Analyst Bonus Thread, 2015-2016 salary & bonus discussion, LO Credit (HY/LL) Sr Analyst Comp Packages
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150-200k all in
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