Compensation in structured finance and private credit is surging in New York and London due to intense competition for talent.
Consulting firm RCQ Associates reports a 21 percent pay increase for external hires in 2024, while those staying saw a 16 percent rise. The highest demand is at the vice president level, while junior hiring has declined. Managing directors in U.S. private credit firms earn $1 million– $2 million annually, plus three percent– 15 percent profit-sharing, exceeding London’s pay range.
Asset-backed lending is expanding, projected to hit $1.3 trillion by 2030. Firms like Oaktree and Point72 are actively hiring, according to Bloomberg.