Latest Comp for DL Firms
Im curious to know the expected comp for an associate position at the top DL shops (Ares/Antares/Golub). Is 300k all in on the lower side or is it accurate given the decrease in deal activity? Read a lot of previous posts and seen number ranging from 300k - 350kish all in. I'm just trying to get a better understanding on what would be appropriate compensation. Would also really appreciate a base/bonus breakdown for the salaries.
Hi Analyst 2 in IB - Cov, check out these threads:
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Hope that helps.
Not in PC so take this with a grain of salt but that feels high (could be wrong). That cash comp is in line or higher than many UMM PE firms.
Got quoted 300k for a first year associate role. I got told that comp could be /was higher on previous years
Large direct lending firms are really lean and deploy capital like no one else. So for juniors not surprised to hear an upper end of 300. I cleared 200 as an A1.
Any color on the breakdown between base/bonus for associates?
Unless things have changed dramatically Antares used to underpay the street on direct lending comp so probably not good to include them in this comparison as comp datapoints from them are likely divergent from what the other pureplay private credit funds would pay.
I know someone who is a second year associate at Antares and they cleared under 300k all in. Comp was split 50/50 between base and bonus.
I did infact hear that Antares had a pay increase
Yeah everyone else did too though. More telling piece imo is that Golub takes a bunch of ex-IBD people and Antares has a mix of folks including big 4 / corporate banking which is usually somewhat indicative of pay.
Confirmed Antares NYC associate salary is $150-175 with a target bonus of 100%
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