Comp Discussion

Based on the most helpful WSO content, here’s a breakdown of compensation insights for someone with your background and experience level at an opportunistic credit fund in NYC:

1. Base Salary:

   • For associates or senior associates at credit funds, base salaries typically range between $150k-$200k. Given your 6 years of experience and progression, you might lean toward the higher end of this range.

2. Bonus:

   • Bonuses for associates/senior associates in credit funds are generally 50-100% of base salary, depending on fund performance and individual contribution.

3. Co-Invest/Carry:

   • Co-investment opportunities and carry allocations can vary significantly by fund size and structure. For a $5bn AUM fund, carry might be offered at the senior associate level, but it could be modest initially. A typical carry allocation might range from 0.5%-1%, depending on fund policies and your role.

If you’re negotiating, aim for the higher end of the ranges given your diverse experience across consulting, banking, and PE.

Sources: Multistrategy / distressed credit compensation, Credit Fund/Direct Lending Salaries 2019, A Tale of 3 Offers: What should I consider?, Q&A - Senior Associate Ex-Megafund (REPE), Senior Acquisitions Analyst Comp