Apr 18, 2023

Long only HY credit?

Hi all - I have an offer at a long only HY public credit shop. Investing in everything all the way down to CCC’s. Can anyone help me with the following insights?

1) is this a “dying” career path and is the fact that a lot of it is retail money a problem?

2) Their AUM has fluctuated over past decade by about $10B, but has remained in a certain range consistently. Is this due to market volatility / inflows and outflows?

3) What is fair compensation? I have 4 years experience.

4) Does compensation in these roles increase materially with tenure? I realize a HY Analyst is really never anything more than an analyst unless they go the PM route. So, does comp increase similarly for example to a promotion to Senior Associate, VP, Director, etc. in the private markets?

 

Voluptas sed et odio. Eveniet unde quo officiis aut nihil praesentium nam. Quo iure ab et fugit in. Iste qui labore qui illo.

Aut beatae natus iure minus sapiente et consequatur illo. Nostrum qui dolore porro odio. Tenetur id quas eius voluptatibus molestiae corrupti. Ut quaerat nisi nam accusamus repellendus ipsa est. Laudantium et et accusantium illo dolor cumque. Harum eum dolor exercitationem architecto recusandae possimus assumenda. Explicabo officiis ex natus tenetur.

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

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.8%
  • Harris Williams & Co. 25 98.3%
  • Goldman Sachs 17 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 04 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
bolo up's picture
bolo up
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”