Private Credit / Direct Lending Comp and Progression

Is it worth leaving a low BB to go to a direct lender (think Ares, Antares, Golub) for a ~25% pay cut? Also, what does senior compensation look like? How far off from a IB MD? 

I get the better work life balance and increasing mkt share in LevFin space but would think a pay cut to the buyside would be closer to 10% vs. ~25%. 

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Comments (16)

Aug 26, 2021 - 10:43am

different job, skill. I would do it because life is about more than just money and I think investing is more interesting but each to their own. I would think that you are already at the associate level in a BB which explains the large delta in pay.

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