I am currently a VP at a small buy side bank located in NYC. We do some middle market lending and are a buy side firm in the broadly syndicated loan space (middle market and large corporates). I work on a small investment team, we select, underwrite, and manage the loans, sort of an all in one operation, there is no separate PM or workout group. Comp is so so I make just shy of 200k all in, but i work basically 9-5.
I'm too old to crack into IB now (30), and I think the logical carrier path for me next is either a BDC or a CLO fund as I prefer the buy-side and dont really have a desire to be in a sell side Lev Fin group. I went a non target school and hopefully will be done with the CFA program this year. No plans to go back for a MBA as I think at my level it's sort of a waste if I'm not shooting to make stage push to IB.
Anyone currently work at either a BDC, private debt shop, or CLO?
If so how did you get the role, seems like job postings for these opportunities are fairly scarce.
Also, what is compensation like for middle market BDC or a mid size CLO manager for someone with about 10 years of experience?