Private Credit / Direct Lending Comp and Progression

Is it worth leaving a low BB to go to a direct lender (think Ares, Antares, Golub) for a ~25% pay cut? Also, what does senior compensation look like? How far off from a IB MD? 

I get the better work life balance and increasing mkt share in LevFin space but would think a pay cut to the buyside would be closer to 10% vs. ~25%. 

Comments (24)

  • Prospect in IB - Gen
Aug 26, 2021 - 5:34pm

What is the all-in comp you're being offered?

Oct 6, 2021 - 8:17pm
levered lad 25, what's your opinion? Comment below:

Buddy of mine works there and said they just massively redid all their salary / bonus ranges for the company. Would imagine it's a lot closer to BB comp now for associates 

Nov 24, 2022 - 5:26pm
pie.in.sky.projections, what's your opinion? Comment below:

Can someone confirm whether my is comp below/in line/above average for my experience/role?:

- 160k base with bonus of up to 20% 

- Work as an underwriter at a LMM specialty finance lender that does asset based lines of credit and term loans 

- 6 yrs prior experience in commercial banking 

- Fully remote working avg. 40-50 hrs/week

Nov 25, 2022 - 12:39am
whatsapitchbook, what's your opinion? Comment below:
pie.in.sky.projections

Can someone confirm whether my is comp below/in line/above average for my experience/role?:

- 160k base with bonus of up to 20% 

- Work as an underwriter at a LMM specialty finance lender that does asset based lines of credit and term loans 

- 6 yrs prior experience in commercial banking 

- Fully remote working avg. 40-50 hrs/week

seems in line to me

STONKS
Nov 25, 2022 - 3:42pm
pie.in.sky.projections, what's your opinion? Comment below:

Thanks. What do you reckon a more appropriate bonus % would be for my role? I tried negotiating the bonus % higher initially but they were pretty set on up to 20%. My prior job had me at ~100k base with avg. bonus of 15% so didn't want to risk losing the offer given the significant jump in base for me (and full WFH).

  • Associate 1 in IB-M&A
Nov 25, 2022 - 4:05pm

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