BX/Brookfield/Carlyle/Oaktree/Ares Real Estate Acquisitions/AM Salary
Hi just wanted to see how much these firms paid for Real Estate Acquisitios Associate Roles in LA? Is it usually 150/175k base and then 100% bonus?
Specifically curious to hear about Carlyle? Are all of these firms usually in the same ballpark with the exception of BX who is probably a bit higher than the rest?
I know Carlyle has acquisitions and asset management so curious to hear if there is any differences in associate pay there.
Carlyle is lower, interviewed for DC. All in was $250k. Hours are brutal. Going to be consistent on pay over in LA office.
Can I PM you
What were hours like?
Not OP but know someone who got an offer in DC and was told consistent 80+
Carlyle and Brookfield don’t pay 100% bonuses. Can’t speak to Oaktree, but BX and Ares can pay 90-100%+ to associates.
Brookfield tends to have higher base salaries, I’ve heard as high as 200k for associates.
Carlyle DC quoted $100 - $110K base + 90 - 100% bonus to me. This was back in like ~2018ish
Carlyle quoted me 250-275 in 2020 when I was recruiting. Also know people from my prior firm who went there. I don’t think anything’s changed, but could be wrong
What does Carlyle pay then in bonus?
Carlyle doesn’t pay the highest. They’re also HQ’d in DC which is more affordable than NYC, for what it’s worth.
I've heard they just pay below/slightly below market. DC argument makes sense, but not when you consider that all associates across Carlyle make that in DC, LA, or NY...
Carlyle knows they can pay lower because their name recognition. Just how they do it. It’s also a 2 year and out program, so people going are really just there to beef up the resume so pay probably isn’t the priority.
Just a silly concept if this is true. Ares/Blackstone/Oaktree/Brookfield/KKR all have the same or better brand name recognition and pay more than ~250k all in for associates.
In my time there, Carlyle hours were consistently 85-100 hours/week. The culture was interesting in that the individuals working there were fairly genuine and understanding, especially in the associate to vice president cohort. However, the expectations from senior leadership created toxicity in the volume of workload that needed to be turned over. Managing directors felt way out of touch.
Can I pm you
Just wanted to add another perspective here, having never worked at Carlyle but having developed many deals with Carlyle as the LP - there are some genuinely great people over there. There’s a certain principal I’m thinking of who a couple of us developers each would be like “Oh you’re doing a deal with X? Great dude.” when we’d meet up.
It can always be a different experience in the trenches, I’m sure, but there are plenty of LPs who I wouldn’t say that about too, for what it’s worth.
Confirmed data point for Ares RE Originations
Analyst 1: 120k base + 100k bonus (~80%) bonus. Bonus cycle is paid out in August but Analyst class were told recently.
Associate 1: 165k base. Bonus I can't confirm, but assuming the same ~80% as Analysts, that would be ~300k all in.
This seems wildly inaccurate. In what world are Analysts making close to 200k let alone above it and Associates are being paid 300k?
Because it is inaccurate
Ares originations making 100k bonus is complete bullshit. I am friends with someone on the LA Team. Last year the analysts got a flat 40k. Why are you pulling numbers out of your ass?
Guess again. Ares HR literally quoted me an 80k bonus. Analyst class just were told their bonuses (august cycle) and it was 100k. Ask your friend
I know Starwood was not mentioned by the OP but adding another data point, for a firm of that caliber. This is from a few years ago.
Asset Management Associate
$165K Base
$100K Bonus.
In corporate PE, Carlyle doesn’t pay the same as other mega funds, just an FYI. Apollo tends to be the highest.
Was quoted ~250k for Carlyle 2-and-out associate program last year. Was told this is generally non-negotiable and what they pay for associates across all groups/offices. I think Carlyle just pays below or at the bare minimum of what market is for every group.
People are just jealous. There are multiple people questioning Carlyle being at $250k all-in but that figure is a well known fact. They hire huge classes each year and use recruiters.
There are a lot of shops that pay top dollar and in line with corporate PE. I personally made $300k all-in as a As1 at one of the top whatever PERE shops and this was years ago (title is stale).
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