I'm looking to move out of re law and into an associate project manager position. I'm wondering what the big boys (jones lang, toll, tishman) pay. Glass door is all I've seen and they usually average the salaries around 80-90 all in. Seems low, especially considering I'm at 130k right now and while I want out of law I'm not willing to take 30k plus haircut. Anyone have any experience on this? Thanks.
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Then stay in law. PM's don't make big bucks...
Agreed that PM is not a way to get rich. But, with the larger developers you have the opportunity to move up the ranks. Law doesnt really work that way.
Still, I have to imagine someone the size of JLL or CBRE or forest would pay a APM six figures.
Ok so just got word that the interview I was expecting is set up for tomorrow. I will need a salary requirement to negotiate with. Would love any advice.
If you are not willing to take a wage hit from 130k dont be a pm. Its pretty simple.
stay in law and be a "rich lawyer" - marking up documents at midnight for some "idiot" real estate developer worth tens of millions who started out as a low-paid PM.
Your expectation doesn't sound realistic to me. You've got a lawyer's skill set. Unless you move to something in RE where that's valuable, you're starting from the beginning. Why do you think you're worth $130k if you aren't using your legal skills?
Update: I got them up to 100k plus bonus plus moving expenses. This is a 10-20k k cut on the surface but I will make this up in the next five years. Then after that senior pm would work out to have more earning potential than law - in my particular situaiton/career track. I know that on average a 5+yr attorney beats a 5+yr senior pm, but my situaiton is different. Plus I ultimately want to be my own developer and, well, fuck law.
As to why I think I'm worth 130k the simple answer is, everyone is worth more than they are paid. Its a sad fact that so many work for so little. Also, that jd is sweet, heavenly pudding on top of the resume.
Well, good job negotiating to a level that satisfies. Regardless of what I said above, what you're doing makes a ton of sense to me if the end goal is your own development. Legal + PM background should blend nicely. You can hire someone else to run the numbers for you.
Agreed that we're all underpaid too, hah. Employment is, pretty much by definition, an understanding between you and your employer acknowledging they can make more money using you than what they pay you. Otherwise, they wouldn't hire you in the first place.
Good luck!
nice! Thanks for the detail.
I'm thinking of taking a similar career path. I'm currently at a T10 JD/MBA program contemplating whether to just stick with the JD---thoughts?
Would you suggest I start out in law at say a Fried Frank type if I can swing it? Or would starting out working for a developer or REIB make more sense if I ultimately want to work in opportunistic REPE and start my own development company. Thanks and much appreciated.
I'm thinking of taking a similar career path. I'm currently at a T10 JD/MBA program contemplating whether to just stick with the JD---thoughts?
Would you suggest I start out in law at say a Fried Frank type if I can swing it? Or would starting out working for a developer or REIB make more sense if I ultimately want to work in opportunistic REPE and start my own development company. Thanks and much appreciated.
@ Jagpaw also interested in the response to this query.
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