Hey guys!
With all the buzz over credit recently - many firms have started hiring more.
What is the base/all-in looking like across London.
Trying to collate more up to date info from an1 to director levels.
Feel free to drop numbers below!
| +62 | Q&A: Structured Finance Buyside Associate | 23 | 3d |
| +27 | Undergrad Senior wanting to be a Credit Analyst | 6 | 2d |
| +25 | Private Credit Differentiation | 8 | 1w |
| +21 | Derivatives Banker to PC? | 5 | 7h |
| +18 | KKR Leveraged Credit | 1 | 4d |
| +18 | PIK in Capital Structure | 11 | 1w |
| +16 | Absolutely nothing to do as an Intern, anyone else? | 2 | 1w |
| +15 | Private credit modeling | 14 | 5d |
| +12 | Comps and HC in a not so hot market | 4 | 1w |
| +12 | Comp for PC Seniors? | 17 | 23s |
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Based on the most helpful WSO content, here’s a snapshot of London Private Credit compensation details from the latest available data:
Unfortunately, there isn’t updated 2025-specific data in the WSO dataset for all levels (Analyst to Director). If you’re looking for more granular or recent updates, consider starting a thread on WSO to gather insights from the community or check the latest discussions in the Private Credit forum.
Sources: London Private Credit Compensation 2022, London Private Credit Compensation 2022, Private Credit / Direct Lending Comp, Q&A: Currently at a Credit Hedge Fund, Private Credit out of undergraduate?
As1: all in: £160-180k
As2: all in: £180-200k
What sort of shop is this in terms of size?
Large asset manager with a multi-billion PC strategy 60-70 hours a week
Flatmate made £240k as ASO1 and £280k as ASO2 at one of the larger player
Know Apollo Credit pays c.£290k for ASO1
Whats their background if you dont mind me asking?
M&A Coverage team at GS/MS/JPM
Yh no point in PE anymore when ur never getting carry anyway
What's Apollo's Credit reputation like? Does your friend like it there?
My friend isn’t at Apollo but was approached for a role there couple years ago (by Dartmouth Partners)
Any analyst #?
Do these top firms prefer BB LevFin, EB restructuring or coverage?
Depends on strategy. Opportunistic/SS/Distressed prefer rx - levfin guys tend to go for vanilla dl.
How about a background in Debt Advisory? Is it possible to go for private credit and if so, for which strategy?
At a special sits fund - comp +/-10k:
Asso1: GBP250k
Asso2: GBP300k
Asso3: GBP350k
Very nice, what fund size/firm aum?
Large cap / $100bn+ AUM - so what people would say is a MF.
Associate levels: £150-200k all in
Size of firm and what was ur background chief
$150bn-200bn AUM. First real job and went straight into buy side. I didn’t do IB.
What kind of hours can be expected at the associate level?
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