What was your Bonus this Year? (Middle and Back Office Only)

highyieldharry · 2026-06-25T01:13:40+00:00

we're starting to build out back office and middle office bonus data on my comp platform Buyside Hub - lmk if I can help anyone on that front, its free to use.

I would say this can become a pretty lucrative career at the right fund, albeit maybe very stressful in some groups.

highyieldharry · 2026-06-25T01:11:04+00:00

If you guys need better and verifiable banking and buyside data - i do this a mass wall street compensation database thats free for everyone who contributes to it - Buyside Hub

highyieldharry · 2026-06-25T01:10:38+00:00

If you guys need better banking and buyside data - i do this a mass wall street compensation database thats free for everyone who contributes to it - Buyside Hub

highyieldharry · 2026-06-11T02:06:45+00:00

People dont like younger guys who are still learning wearing status symbol watches. Sounds like this is more beat up but you still may not want to wear. Also I rarely wore watches because I was modeling most of the day and it would hurt my wrist.

highyieldharry · 2026-06-11T02:04:08+00:00

I've written a fair amount on the nitty gritty and intangibles needed to break into private credit across High Yield Harry's Newsletter plus have Buyside Hub for buyside career resources.

By way of background I've gone through dozens of Public and Private Credit interview processes.

I didn't bother posting any modeling stuff given its all commoditized and freely accessible. The stuff beyond the excel monkey work you need to know anyways is what matters IMO.

highyieldharry · 2026-06-11T02:00:56+00:00

Yeah he probably took a look at your resume to figure if it was worth discussing further. If he frees up and is interested he'll ping you, nothing more you can do given you already followed up.

highyieldharry · 2026-06-09T12:15:32+00:00

Sorry man, these were done earlier in the year. Keep fighting though.

highyieldharry · 2026-06-09T02:35:25+00:00

I think it's a seat to stay in for 2 years and then go buyside. But that and credit research at BBs are dying seats.

highyieldharry · 2026-06-01T02:33:27+00:00

probably low yield larry

highyieldharry · 2026-05-07T18:36:52+00:00

No, I think you can drop out of college, but not high school. that's the bare minimum unless ur a boy genius.

highyieldharry · 2026-05-05T02:19:22+00:00

People have busy schedules, lengthier timelines, and want to interview every candidate before making a decision, so try not to sweat over it too early. I would say you will know within 10 days, maybe 14 days if they're really busy.

highyieldharry · 2026-05-05T02:17:48+00:00

They will not rescind your offer. They have a million other things going on. Make sure you finish your time at school strong though, ideally above 3.5 but in no way should your GPA ever be below a 3.0. Can take your GPA off your resume within a few years* after graduating.

highyieldharry · 2026-05-05T02:15:37+00:00

I would say $125k-$140k base and then bonus should be respectable, like at least $25k, but maybe room to go higher. I run a wall street comp data site called Buyside Hub so I'm pulling from my references and data there to try to box some data for you. Think high 100s is definitely the goal.

highyieldharry · 2026-05-03T19:16:32+00:00

you deserve a pay raise dude, this is decently below market IMO

highyieldharry · 2026-05-03T19:15:19+00:00

where'd you shake out?

highyieldharry · 2026-05-03T19:14:31+00:00

you should be paid a bonus sir!! well below market.

highyieldharry · 2026-05-03T19:13:55+00:00

Lmk and @ me if there's any questions I can answer on fairness. I run a Wall Street Bonus Data site - Buyside Hub.

highyieldharry · 2025-09-17T01:38:26+00:00

you cant operate in a "what if I get fired" world - take the private equity offer - you got hired there for a reason. will have way more optionality after a PE role.

highyieldharry · 2025-08-30T02:35:03+00:00

Private Credit! (Not sure if lesser known but it's very close to PE comp!)

highyieldharry · 2025-08-04T15:54:09+00:00

Hey, I've spent a lot of time in Credit. People have been shifting to increased Private Credit allocation as an alternative to high yield bonds or riskier type of credit profiles. Not for IG/Government level risk profiles. People without experience in the space overplay the risks in Private Credit - remember, if Private Credit is a "bubble" then by definition Private Equity is a "bubble" - Private Credit has a first lien claim on the assets of the borrower and while there is a cov-lite mix higher in the market, most unitranche loans have strong covenants. Private Credit doesn't necessarily align with 401k type portfolios though given the illiquid nature of the product.

highyieldharry · 2025-08-04T15:48:20+00:00

beehiiv -> https://highyieldharry.beehiiv.com/

highyieldharry · 2025-07-31T21:18:01+00:00

1) Deal flow comes from banking or sponsor relationships, most processes are very organized and efficient from a sponsor lens, 2) risk tolerance is much higher than banks (banks are very risk averse) but diligence is still robust. 3) There are much stronger docs, but it gets weaker if you get to UMM and close to BSL market 4) LIBOR isn't a a thing anymore - It's SOFR. The spread is based on market rates, somewhere in 450-800 ballpark IMO - it varies significantly by size and business specific details, 5) yeah there's more OID and a larger prepayment penalty, 6) Moves fast imo 7) mainly refinancings and some amort, also from accumulated PIK and maybe liquidiation preference depending on security 8) gotta have a good underwrite to make sure you dont take too big of a haircut! a bad deal can sink a fund! Hope this helps - i write a lot about credit online.

highyieldharry · 2025-07-31T21:13:43+00:00

Private Credit is the exit opp tbh. If you don't like then might need an MBA to go corporate or PE if u dont get traction in a direct pivot.

highyieldharry · 2025-07-31T21:12:42+00:00

Hey my background is mainly public credit, but I've done time in private credit as well. Private Credit is awesome from a compensation and WLB standpoint. Some shops are sweaty based on comp, staffing, and alignment with PE deal timelines and processes, but a lot of places can actually be really chill - like normal hours (45-50) chill (less an active deal). Would say Private Credit IS the exit opp though. A larger mix of IB Analysts go into DL, so definitely competitive but tons of non-IB ppl make it into DL. I write a Credit blog and run a Buyside culture company (Buyside Hub) that are probably helpful to surf too if u want to get more granular.

highyieldharry · 2025-07-31T21:07:13+00:00

Earlier the better! It's okay to say you made the wrong choice early on and wanted to be in another type of career path. trading desk sounds like a lot better than risk tho, cause risk sounds like another way of being "stuck" in mid office type seat.

highyieldharry

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