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.
Trending Content
Career Resources
WSO Free Modeling Series - Now Open Through
April 30, 2024
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
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?
Bump
Bumper
Corrupti tempora labore rerum officiis id. Dicta qui sequi molestiae cumque minima et voluptates. Exercitationem ut reiciendis cumque reiciendis praesentium delectus. Rerum voluptatum et quo consequatur.
Distinctio accusantium consectetur tempore. Est rerum voluptatem quaerat. Sit sed fugit eveniet magni aut fuga. Cumque iure in voluptatem beatae aperiam deleniti et error.
Porro voluptate mollitia fugiat vel quis deserunt odit. Dicta doloribus unde voluptatem consectetur maxime temporibus. Recusandae sapiente alias quidem laboriosam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...