MF Credit Pay
Is the pay for PC on par with that of PE at the junior level? Do associates make $300-350k? Which MFs pay the most. Thanks.
Is the pay for PC on par with that of PE at the junior level? Do associates make $300-350k? Which MFs pay the most. Thanks.
Career Resources
Bump
At the MFs, pay is definitely on par with buyout PE at the associate level.
Yes and yes
Interested
What about more senior roles? How does an MD at a MF credit do compared to an MD in PE?
Bump
I’m not positive on this but my guess would be that it’s based on performance (carried interest) and fund size (upfront fee). Depending on the fund size, that will affect there base salary and the salary of the employees. With the performance of the fund, this will affect the carried interest - which the MD will gain more from the junior employees.
Equity has more of an upside then debt, so the carried interest for a PE fund definitely could be larger in a strong market but I think there are a lot of variables all around for MD’s in terms of comp between PC and PE.
It’s all about aum to headcount. Couple of the larger firms are relatively lean as you don’t need a lot of people to do credit investments. When you cross that with steady Moics / returns (unlike PE where I guarantee you bottom 90% of funds will not hit 2x MOIC), you can actually get sizable comp.
You won’t be flying private if you’re not a founding member of the fund but you won’t be in economy either.
Bump
Bump
Bump. Any commentary on liquid credit at MF relative to PC at the same company?
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