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High Yield Bond Jobs (NOW HIRING)

Progressive

High Yield Portfolio Manager

Stamford, CT · On-site

$250K - $325K/yr

As a high-yield portfolio manager , you'll help manage Progressive's high‑yield bond portfolio, delivering strong total returns while protecting the company's balance sheet. In this role, you'll ...

5 Legal

Debt Finance Associate

Denver, CO · On-site

A working knowledge of syndicated financing transactions, financing transactions for venture-backed companies, acquisition financing transactions, and convertible or high yield bond offerings

5 Legal

Debt Finance Associate

Washington, DC · On-site

A working knowledge of syndicated financing transactions, financing transactions for venture-backed companies, acquisition financing transactions, and convertible or high yield bond offerings

Obra Capital

Director, Credit Research

Montpelier, VT · On-site

Director, Credit Research Obra Institutional Credit (OIC), a subsidiary of Obra Capital Inc. is a leading independent asset management and investment research firm specializing in high-yield bonds ...

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High Yield Bond information

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$20K

$136.7K

$400K

How much do high yield bond jobs pay per year?

As of Aug 19, 2026, the average yearly pay for high yield bond in the United States is $136,675.00, according to ZipRecruiter salary data. Most workers in this role earn between $52,500.00 and $170,000.00 per year, depending on experience, location, and employer.

What are high yield bonds?

High yield bonds, also known as junk bonds, are corporate bonds that offer higher interest rates because they have lower credit ratings compared to investment-grade bonds. These bonds are issued by companies with a greater risk of default, so investors are compensated with higher potential returns for taking on additional risk. High yield bonds can be an attractive option for investors seeking higher income, but they require careful analysis due to their increased risk profile.

What are the key skills and qualifications needed to thrive as a high yield bond analyst?

To thrive as a High Yield Bond Analyst, you need strong financial analysis skills, in-depth knowledge of credit markets, and a relevant degree in finance or economics. Proficiency with financial modeling software, Bloomberg Terminal, and certification such as the CFA are commonly required. Exceptional attention to detail, critical thinking, and effective communication are vital soft skills for making sound investment recommendations. These skills ensure accurate risk assessment and enable analysts to identify lucrative opportunities while managing potential downsides in the high-yield bond market.

What are some common challenges faced by analysts working in high yield bond roles and how can they be addressed?

Analysts in high yield bond roles often deal with companies that have lower credit ratings, making it crucial to conduct thorough due diligence and ongoing risk assessment. One common challenge is evaluating complex capital structures and staying updated with frequent changes in company financials or market conditions. Building strong financial modeling skills and collaborating closely with research and portfolio management teams can help address these challenges. Additionally, keeping abreast of industry trends and regulatory changes supports more informed decision-making.

What is the difference between High Yield Bond vs Bond Analyst?

AspectHigh Yield BondBond Analyst
Primary RoleInvesting in and managing high yield bond portfoliosAnalyzing and evaluating bonds, including high yield bonds
Required CredentialsFinance degree, certifications like CFA beneficialFinance degree, CFA often required
Work EnvironmentAsset management firms, investment banksInvestment firms, banks, research institutions
Industry UsageInvestment management, hedge fundsResearch, investment analysis, portfolio management

High Yield Bond professionals focus on managing investments in high yield bonds, while Bond Analysts evaluate bonds, including high yield options, to inform investment decisions. Both roles require similar credentials and often work within the same industry environments, but their core functions differ: one manages portfolios, the other conducts analysis.

More about High Yield Bond jobs

What states have the most High Yield Bond jobs?

States with the most job openings for High Yield Bond jobs include:

What job categories do people searching High Yield Bond jobs look for?

The top searched job categories for High Yield Bond jobs are:

High Yield Bond jobs near you
Infographic showing various High Yield Bond job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 80% Full Time, 16% Part Time, 2% Contract, and 1% Nights. Highlights an 88% Physical, 2% Hybrid, and 10% Remote job distribution, with an average salary of $136,675 per year, or $65.7 per hour.

High Yield Portfolio Manager

Progressive Casualty Insurance Company

Stamford, CT • On-site

$250K - $325K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 12 days ago

Progressive Insurance rating

8.7

Company rating: 8.7 out of 10

Based on 597 frontline employees who took The Breakroom Quiz

71st of 310 rated insurance

Job description

Progressive is dedicated to helping employees move forward and live fully in their careers. Your journey has already begun. Apply today and take the first step to Destination: Progress.
As a high-yield portfolio manager, you'll help manage Progressive's high-yield bond portfolio, delivering strong total returns while protecting the company's balance sheet. In this role, you'll set investment strategies, make informed credit decisions, and maintain close connections to markets, issuers, and credit trends. You build and manage portfolios aligned to investment objectives and conduct in-depth issuer and industry research. Additionally, you'll implement buy, hold, and sell decisions across the capital structure and actively manage risk, liquidity, and exposure through market cycles.
Must-have qualifications
  • Bachelor's degree and a minimum of 7 years of relevant work experience.
  • {OR} Master's degree or higher and a minimum of 5 years of relevant work experience.

Preferred skills
  • Knowledge of high-yield strategies, bond math, yield curve dynamics, accounting, corporate credit analysis, covenants, macro-economics, and market regulations.
  • Prior experience presenting investment ideas in an organized and clear fashion.
  • Demonstrated skills defining problems, collecting and analyzing data, and drawing valid conclusions.
  • Ability to assume and manage investment risk.
  • Strong relationship-building skills with the ability to maintain relationships with dealers and complete trades.

Compensation
  • Base: $250,000 - $325,000/year depending on position level and experience
  • Gainshare annual cash incentive payment up to 110% - 180% (depending on position level) of your eligible earnings based on company performance and experience
  • Participation in our restricted stock units plan

Benefits
  • 401(k) with dollar-for-dollar company match up to 6%
  • Medical, dental& vision, including free preventative care
  • Wellness & mental health programs
  • Health care flexible spending accounts, health savings accounts, & life insurance
  • Paid time off, including volunteer time off
  • Paid & unpaid sick leave where applicable, as well as short & long-term disability
  • Parental & family leave; military leave & pay
  • Diverse, inclusive & welcoming culture with Employee Resource Groups
  • Career development & tuition assistance

Equal Opportunity Employer
Sponsorship for work authorization for foreign national candidates is notavailable for this position.
For ideas about how you might be able to protect yourself from job scams, visit our scam-awareness page at https://careers.progressive.com/pages/how-we-hire-faq-job-scams/
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