Aug 17, 2023

How does comp vary by strategy in credit?

I'm joining a credit fund as a junior analyst after graduating and am curious how comp varies by strategy, especially at the junior level. It seems from the comments on compensation posts that pay varies widely, but rarely do posts mention strategy.

Does anyone have color on comp in Distressed, Opportunistic, Real Estate, Direct Lending, EM? I imagine pay scales with risk, but I am curious by how much.

 
I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Pay depends on the firm. There are DL funds which pay more than mezz funds and vice versa.

I am working at a multi strategy asset manager (we do DL and mezz) and both strategies pay exactly the same.

 
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