LifeCo - debt origination - comp?
I’m looking for detail on typical comp structure for senior loan originators at large LifeCo companies.
Are loan commissions paid on top of salary and bonus? What is typical bonus % for senior directors, etc? Are RSU’s/equity given?
Thank You!
Bump
Ignore title: Lifeco (tier 1 market): 180K - 300K, 60-80% bonus (tied to performance but also other things, usually will get some portion of the 1% fee). No RSU or equity.
180k-300k is your all-in, including bonus? Or does it vary due to commissions?
How many hours per week on average?
Base 200ish, have had years 300+ all-in. 45-50 hours in office, 55-60 if you’re counting logging in from home - I don’t.
How many years of experience?
18
lol, analyst 1 with 18 years of experience
$300k all in with 18 yoe. Puts things into perspectives when megafund associates 2 years out of college are pulling that.
Obviously have to take into account hours and culture, but value proposition for megafund path seems strong given that comp comparison…
Potentially - he could be based out of some where like Iowa though so that $300k might be a lot more
Senior Associate. 7 yrs of experience. Mid-COL. $300-$325. 35-50 hours.
https://www.wallstreetoasis.com/forum/real-estate/lifeco-director-comp
Whatever you do don't work at PGIM long term. The culture is ass and they are actively working to implement AI and get rid of 3/4 of their debt people.
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