What's TC like in fund finance
curious to hear what the bonuses look like. incoming FT
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Based on the most helpful WSO content, total compensation (TC) in fund finance roles, particularly for incoming full-time positions, can vary depending on the firm and level. Here's a breakdown of average compensation figures for investment banking roles, which often overlap with fund finance in terms of structure:
Total Compensation (September 2023 Data):
Bonuses:
Bonuses in fund finance are typically discretionary and can range significantly based on performance, firm profitability, and individual contribution. For analysts and associates, bonuses often make up a substantial portion of the total compensation, sometimes accounting for 30-50% of the TC.
If you're an incoming FT, you can expect your bonus to align with the 1st Year Analyst range, which is around $168K in total compensation, including base salary and bonus. However, it's always a good idea to clarify bonus structures during onboarding or contract discussions.
For more insights, check out WSO threads on fund finance and compensation trends!
Sources: 2022 Bonuses: Private Credit/Special Sits/Direct Lending/Infra Credit/Project Finance/Fund Finance, https://www.wallstreetoasis.com/forum/investment-banking/signing-bonus-on-ft-offer?customgpt=1, PE credit fund compensation, Signing Bonus for FT, Debt Funds - Originator Salary & Bonus
Fund finance at the good ib groups pays a small discount to cov/m&a. If you’re optimizing for hours/$ you’re doing better than other groups.
If you want to go for more money the buyside credit places doing NAV financing and other new inventions should comp you like private credit
u hit it on the money with optimizing for WLB/$. was under the impression itd be a hair less than traditional groups. also exiting to buyside credit doing NAV was exactly what i saw in the cards in a few years. r u in the space? and by new inventions r u referring to things like SMAs that more people are using , etc?
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