BD Comp discussion - 2024
Wondering if we can get a mid-level (VP, Principal and Partner) discussion on comp.
What are you guys making these days?
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Based on the most helpful WSO content, here are some insights on compensation discussions:
2022 Compensation Expectations:
Real Estate Finance Compensation:
General Compensation Trends:
For a more detailed and specific discussion on mid-level (VP, Principal, and Partner) compensation in Business Development (BD) for 2024, it would be beneficial to refer to recent threads or discussions on WSO forums.
Sources: 2022 Compensation - What Are You Guys Expecting?, What is your compensation in Real Estate Finance?, How many of us are making over $250k?, Who is happy & satisfied with their current role?, Where is the compensation in banking? Is it worth taking a pay cut for the long-term prospects?
It’s all over the place depending on size, geography, how seriously the fund takes BD, etc. As of 12-18mo ago, was testing the market for VP and saw ranges of $300-$450 cash all in, carry from $0 - $4mm DAW.
That said, it’s a tough BD hiring market right now but have seen a few folks make moves, and a handful are still breaking in from banking and other adjacencies.
I know some more of you BD mfs are lurking here.
I’m in BD. PM me if you want to chat, would be happy to trade notes
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