Alternative Credit Investor reported that hiring volumes in structured finance and private credit rebounded in 2024 and are likely to remain robust throughout 2025, according to new research from RCQ Associates. The recruitment firm’s Structured Finance & Private Credit Compensation Report 2025 found that the growth in demand for private credit drove noticeable hiring increases, with several alternative asset managers and insurance companies expanding their teams last year.
RCQ Associates expects this hiring trend to continue into 2025, as market conditions remain favorable, per the article. The report highlighted that average basic pay increases for employees not promoted or moving externally reached six percent in 2024. Including bonuses, the average total compensation increase was 11 percent, reflecting an improved bonus pool. For those making external moves within the sector, average pay increases totaled 21 percent in 2024, up from 19 percent in 2023, according to the article.
The article noted that turnover levels were subdued across all sectors in 2024, but RCQ anticipates an increase in turnover and overall recruitment activity in 2025, as activity picks up. “In addition, RCQ observed subdued turnover levels throughout 2024 across all sectors, but our expectation is this will increase in 2025 as activity picks up as market conditions continue to be favourable,” the article quoted. “As the year unfolds, we foresee an increase in overall recruitment activity and competition for talented individuals, compared to the lower levels experienced in 2023/2024.”
This coverage reflects Alternative Credit Investor’s focus on private credit market trends. Read the full article here.
