Eastdil Secured Starting Salaries ($80K + Discretionary Bonus seems low??)
The Eastdil Secured REIB 2 year analyst program came out with their fall applications today. Looks to be $80K plus a discretionary bonus in all locations (Boston, Chicago, Dallas, Miami, New York, San Francisco, and Washington, D.C.). Does this seem extra low this year or is this standard for REIB?
seems quite low given cost of living in T1 cities
Real estate sector usually lags behind in terms of compensation from the rest of finance. Deal sizes are smaller so fees coming in are smaller. Whether its REIB, REPE, or Development you will be paid 15-25% less than IB, PE, or Corp Dev. I'd only recommend doing REIB or REPE if you actually enjoy RE rather than taking it just because the title says "Investment Banking". The exit ops from REIB are definitely not the same as other investment banking groups.
that makes sense. I've already been in real estate for 2 years working for a developer/investment manager with roughly $15B AUM. But looking to join one of the much larger funds and somewhat want to go back and get REIB experience first. Any idea what the bonus% of base salary would be for a position like this?
in general true, but not necessarily at EB/BB IB groups or MF RE
Eastdil basically does brokerage (it is not really investment banking) and their salaries are in line with that. If you want to do actual REIB go to the banks and then you’ll get IB salaries.
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