Really? I would think associates at large shops would be clearing 200k easily. What shops are you referring to?

 

PGIM acquisitions, Greystar Acquisitions, Hines Development (I know he asked about acquisitions, but just throwing it out there), Heitman acquisitions, Lasalle acquisitions, could go on with adding a few more as well. All Tier 1 city, high cost of living market data points.

 

PGIM Acquisitions Analyst/Senior Analyst do not pull 200k TC. At Asso level 200k is reaaallllyyy high.

 

I'd agree, generally, but way less of those high paying Megafund like firms than there are the good firms that pay less + all other firms. I'd Probabaly take Heitman and Lasalle out of those if discussing top firms, but still PGIM, Greystar, Hines, and others I could mention pay like shit. All is to say, that market pay is much much more heavily weighted towards PGIM / Greystar / Hines / Heitman like pay than it is to Ares, Blackstone, Starwood like pay. From what I’ve seen from speaking with colleagues, friends, alumni is that Megafund like pay is truly the outlier. I wish we all were being paid like that, but, unfortunately, the reality is what the reality is.

 
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It depends on how you think about it. Think about it this way: when people are talking about IB pay, they’re referencing top boutiques (Centerview/Evercore) and the BBs, not Stifel or Lincoln International. When people are referencing SWE pay, they’re referring to the FAANG firms, not data management at hospitals. When people are referencing consulting pay, they’re focused on MBB, not KPMG. Hate that I’m sounding like a typical undergrad prestige whore here…

In my opinion, market pay conversations should lean towards the top players (Ares, Oaktree, PIMCO in this case) because the bottom gets real low (group of buddies doing $5-$10M projects and raising capital from friends and family).

Anyway, didn’t mean to start a completely different conversation. In the end, depends on your background and the shop. $200k is probably high regardless but there are firms that pay that much and more if you’re smart enough/hard working enough to land the job and then put in the long hours on the job.

 

You won't get a huge bump going from analyst to senior analysts. 15-25% increase would be a good raise. You won't go from 100k to 200k so better to have realistic expectations. I wouldn't try to negotiate too much either because you are easily replaceable.

 

Mind sharing which shops come to top of mind that pay like that? Would appreciate any insight.

 

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