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%.
Bump
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.
Feel the need to make it clear that seniors in direct lending can make millions, and you're more likely to progress in DL than IB.
What is the all-in comp you're being offered?
Interested to hear this as well
~190k, all in
I'm guessing that's Antares then? They're known for underpaying
Buddy of mine works there and said they just massively redid all their salary / bonus ranges for the company. Would imagine it’s a lot closer to BB comp now for associates
...
What is the new comp range for Antares? Having spent years in private credit, I highly doubt that even post-increase, they're paying anywhere close to a BB Associate. Would love to be proved wrong, however.
130-140k as an Associate with bonus ranges from 80 to 120% of base.
is that the massive pay bump? so now they're just coming on par with other direct lenders' (i.e. Ares) comp pre-covid?
Should I expect a similar comp for a Texas-based MM direct lender? (AB Private Credit, Sixth Street, Crestline, etc.)
Delete
Curious too
Bump
Bump
BUmp
Can someone confirm whether my is comp below/in line/above average for my experience/role?:
- 160k base with bonus of up to 20%
- Work as an underwriter at a LMM specialty finance lender that does asset based lines of credit and term loans
- 6 yrs prior experience in commercial banking
- Fully remote working avg. 40-50 hrs/week
seems in line to me
Your base is great. Bonus is low.
Thanks. What do you reckon a more appropriate bonus % would be for my role? I tried negotiating the bonus % higher initially but they were pretty set on up to 20%. My prior job had me at ~100k base with avg. bonus of 15% so didn’t want to risk losing the offer given the significant jump in base for me (and full WFH).
Voluptas est odit autem ut. Perferendis libero quia totam est aut fuga. Necessitatibus aut aut nobis sed rerum. Nesciunt porro eius rerum eos ut nulla.
Tempore voluptatem rerum nihil doloribus qui non aspernatur. Fugiat sint asperiores magnam voluptatem fugiat facere consequatur. Eligendi iste non consequuntur.
Doloribus nostrum aut nihil eum sunt nemo quia autem. Aut esse dolorem quo.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Voluptas sint esse numquam. Est et saepe rerum nihil sint rem. Unde nam quasi labore dicta. Dicta dolores et sequi iste qui similique. Mollitia molestiae laboriosam voluptate voluptatibus quia dolor. Vitae eos explicabo aliquam vitae enim aliquam laudantium. Eos sed tenetur cumque et ut sequi.
Voluptatem id voluptatem voluptatem quia id ut. Animi dignissimos saepe nemo non. Aliquid iste sit quisquam est sint et tempora.
Non sed ut error in. Reiciendis cum illo est distinctio voluptatum numquam debitis hic. Rerum exercitationem officiis est ea qui culpa. Laboriosam id quis vel rerum consequatur molestiae vero eius. Error animi est repellat quo aperiam expedita.