Change in Lifestyle - Corporate Banking to ECM/DCM/Direct Lending/Private Credit

Hello guys,

I am at a tier 2 Corporate Bank in NY and a couple of my co worker's have left to BB's in ECM and DCM and they said the switch isn't that hard once you reach associate and have a bit more clout. Only very few of us make it to the buy side and we only ever land in Direct Lending and Private Credit. 

I heard Direct Lending and Private Credit can be chill buy side jobs that aren't as cut throat as a MF PE shop for example and given that my current hours are chill and I am paid well (50-60 hours per week 80% of the time), making $110k for a 1st year, I would like to keep this gravy train going for as long as possible.

If I do exit eventually, as a senior seeing as these divisions seem likely to be my fate, I was wondering, how drastic would my change in lifestyle be? Are seniors pulling in 100+ hour weeks on the regular in ECM, DCM, Direct Lending or Private Credit.

Not asking if its possible or what it would take to make the jump, just wondering what the lifestyles are like in these fields the more senior you get. 

So curious s about Associate, VP and MD hours and culture in these fields. Would be nice if you also list what pay is like

1 Comments
 

Et libero cum dicta magnam eum. Beatae aliquam id odio vel nulla aspernatur. Minima veritatis et commodi fugit cupiditate. Ad et fugit incidunt placeat et voluptatum.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.8%
  • Morgan Stanley 07 97.2%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.7%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (16) $429
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”