First year associate at a NYC-based LMM structured credit fund (~$1bn AUM). Currently on $125k base / target ~20% bonus. Came from a somewhat non-traditional background, but starting to think all-in comp is low for this type of role - would appreciate thoughts from those more familiar with the space.
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geoffrey_firmin, have you checked out these or run a search:
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Hope that helps.
Bonus is definitely low. If you are a 1st year out of undergrad that’s not a bad base by any means. You won’t get paid $150 like a banker, but typically buy side bonuses can range from 80% to over 100%. At a ~$1 bn manager, getting paid less early isn’t unreasonable. Odds are it’s harder for them to attract good talent and keep it. My guess is your pay will scale a lot more given you will probably have more responsibilities and since you “got in early.”
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