Private Credit Base Suggestions
Have an informal chat coming up with a regional PC lender doing MM ticket sizes.
Although it's an informal chat - preparing for it like an interview, and was wondering what should I ask for base if asked? Coming from a very non-traditional background but already in an Investing/Underwriting seat at a non-sponsor fund (albeit not PC level but more early stage/venture debt)
Is £60-£65k base stretch for a regional fund (not Ldn)? Likely a first year An role if anything materialises.
Based on the most helpful WSO content, a £60-65k base for a first-year analyst role at a regional private credit fund (outside of London) is not necessarily a stretch but could be on the higher end of the spectrum. For context:
Given your non-traditional background but relevant experience in investing/underwriting, aiming for the higher end of the range (£60-65k) is reasonable, especially if you can demonstrate strong value-add during the informal chat. However, be prepared to negotiate and adjust expectations based on the fund's size, structure, and regional norms.
Sources: Non US/Europe IB/PE Overview, base/bonus 1st year analyst at HF, Q&A: Equity Analyst at a Sovereign Wealth/Pension Fund, https://www.wallstreetoasis.com/forum/investment-banking/investment-banking-in-the-uk-an-overview?customgpt=1
Bump
might be worth taking a look at this:
https://www.wallstreetoasis.com/forum/credit/private-credit-comp-across-levels-in-london-what-are-you-seeing
I believe base in London for AN1 is about £70k, so obviously depends on the exact region, but given its not London and a relatively small firm, I'd imagine it'd be a bit below that. £60k seems like a reasonable place to start, but could definitely be lower.
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