Associate pay in Private Credit?
What does comp look like on the buyside in the private credit space for an associate at a company like Ares/PIMCO/Bain?
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Bump
Based on the most helpful WSO content, the compensation for a first-year associate in private credit can range from $175k-$250k. This range depends on the size of the shop and its location. Firms like Ares, GSO, Owl Rock, HPS, Bain Capital Credit, and others are likely to be near the top of this range. For instance, an associate at a large, more credit-oriented manager like Ares or HPS could expect to earn around $230-240k in their first year. However, it's important to note that compensation in private credit is generally slightly lower than in private equity or banking.
Sources: Restructuring --> Direct Lending / Private Credit, Private Credit Comp, PE credit fund compensation, What does Ares Credit do?
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Bumper
Base at Ares for first year associate is 165k.
Thanks, helpful. What is the all-in?
How about aso2 and 3?
I think base salaries increase by 10-15k each year afterwards for most places.
PIMCO private credit associate’s slightly lower at ~$250k all in but hours are great, ~50 hours on average
Do you happen to know their HH?
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