Real Estate Private Equity Hours & pay
Hey Yall,
I'm a month into my repe role in a Tier 1.5 city and am looking for advice into navigating the complicated topic of hours. My firm is small sized but focuses in special situation investing / private credit for big ticket assets (skyscrapers, luxury condo developments, hotels, industrial portfolios, etc.) so we do very institutional level deals. We partner with several notable hedge funds who provide the bulk of LP capital through our various fund vehicles.
This is my first job out college and I already feel like I'm drinking water out of a fire hose even though my weekly hours only average ~48-55. Since I just started though, I'm working way less hours than the rest of my team as I "don't know enough yet" to help the associates late at night when they're working to push live deals through the finish line. Most people get to the office at 9 and leave around 8-10 pm with some weekend work. I'm a little worried about my hours getting unmanageable and leading to basically zero WLB, and my team is very lean on purpose. Do yall have any advice or personal experiences on what I should expect and how to navigate.
Also my pay is 85k base with a discretionary bonus of 20-40% of base. Is this standard for roles like this?
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