LO Credit (HY/LL) Sr Analyst Comp Packages
Trying to get a better benchmark of long only sr analysts in credit (HY/LL) - think 8-12+ years total experience. There has been a lot of wage inflation recently at some firms so trying to get a handle on both salary and bonus (also cash/stock/deferred). Curious about large firms, such as a Pimco, Oaktree, Goldentree, etc. but also across the spectrum to more mid-sized firms (5-10bn) or even smaller firms (sub 5bn). Can also be more CLO type shops too. This site has great info on jr comp but less info on more senior levels. If someone has sr anlayst equity numbers thats cool too, I'm not sure if there is a large delta or of credit and equity guys get paid the same. Thanks.
Coming up on 5 years post MBA at LO focused on HY / LL, all in expect low 400s this year vs high 300s last year
If you haven’t seen it already there is a solid comp survey from Odyssey Partners for performing credit - happy to send you (or anyone) the deck if you PM me your email
400-500 sounds right for VP level (5-8yrs) and 600-700 at Principal/Director level (8-12yrs). Equity/carry can push higher if applicable, but amortized over long horizon. This is more like a BlackRock/Oaktree type place which I would use as an index. Can be +/-100-200 based on your firm culture and your specific negotiation when you signed (smaller/HF style firms pay better, insurance/mutual funds lower).
2021 COMP SCALE - CLOs (post investment banking program, no MBA, no CFA)
Note: these are higher than you might remember from years ago due to recent raises, inflation, talent retention efforts seen in 2021
Assoc1 - $230k
Assoc2 - $260k
Assoc3 - $330k
VP1 - $400k
VP2 - $450k
VP3 - $500k
SVP1 - $540k
SVP2 - $560k
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