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?
in DL at one of the MFs that does nav lending and they get paid the same while having a little better hours. Not super close to them but from what i can gather the most exciting things to be on are the hybrid facilities, insurers entering the space, and CFOs. Your bank should have more detailed info floating around or primers on new products even if they mainly do subscription lines.
Hey, I am currently transitioning from a BB risk management role into Fund Finance, i want to understand if I had to pivot into asset-backed finance or private credit. Given this trajectory, would love take from experts like is that even possible given. I have consulting experience as well.
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