Hello all,
Currently finishing interview processes for a few development firms in the SE US. I'm having a hard time gauging what "market rate" is in my region for development analysts straight out of undergrad.
If anyone has any input on this they'd be willing to share on here or in private I'd be grateful to hear it (especially pertaining to VA, NC, or SC in particular). I know it varies market to market and firm to firm, just trying to form a general idea.
I'm very aware it's "experience over salary" especially in this early portion of my career, but I'd like to know what I should expect and where I stand. Also any tips on negotiating/comparing offers in general are greatly appreciated,
Thanks in advance!
Edit: Typo
It all depends (probably not the answer you're hoping for). If it's Related or Hines then the salary is going to be significantly higher (usually) than a family office that only has $500 AUM. It also depends on what market you're in...Miami/Atlanta/Charlotte are going to pay more than Pensacola/Wilmington. I can give a general figure that others might say is higher than their data point or much lower than others, so take it with a grain of salt.
As a fresh UG it's pretty safe to say $65k-80k base salary range, and then a bonus structure of ~15%. You'd be looking at all in comp at around $75k-$90k. It's not a super glamorous, eye-popping number that you might get in PE/IB/HF but the compensation ramps up rapidly in the first 5-10 years of your career. You would break 6 figures within a few years (if not your first year depending on the shop).
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