The typical HY and Leveraged Loan issuance has like 100 different lenders - the syndicated loan market means a very vast lender pool. Hence, there's A TON of different buyside credit seats. Here's a high-level look at compensation trends in the industry from @Buyside_Hub

We comp datapoints at a bunch of firms Angelo Gordon, BlackRock, Blackstone, HPS, etc. and a bunch of firms across the country, so you can explore regional compensation. Generally, more junior folks in the space are going to hang around the mid 200s and that creeps into the 300s level. Generally, more senior analysts are hanging around in the 400s-500s-600s range (dependent on shop, scale, etc.)

These seats can be really good lifestyle and can work market hours (so long as they dont have you stretched too thin). There's a lot of seats in this industry - you just can't lose money and have too many bad deals - do that and you'll be able to find a home. This will be a slow burn - but at @Buyside_Hub we've worked with a few firms w/ hiring so far - at some point I'm going to start ringing up some credit colleagues and helping with more credit searches.