Acquisitions Analyst Compensation
I am currently working at a small RE investment firm (me, my principal and a partner who technically runs his own development company). Nothing to complain about the work, seeing a lot of deal flow, learning a lot about the market and overseeing the management aspect on some of the portfolio.
Right now my compensation on the lower side (think 40-45k, plus few opportunities for little bonuses) and in about 5 months we are suppose to reconvene to talk about my raise.
Some of my opportunities are sourcing and underwriting new deals, workings hands on with the new developments and assisting with the property management aspect. Believe I am helping my boss see a lot more deals and making life much easier by having the under writings already done.
What do you think is a fair base structure?
40-45K for an acquistions role in NYC area..
You should have that talk about a raise right now..
If I'm you, given what I know about your situation, my pitch to your superiors is some variation of this;
"Look, I really like what I'm doing, I think I have some strengths here and I'm gelling with the team. I want to double down on my commitment and step up as a full-time analyst and start taking on more responsibility."
followed by;
"But it is tough right now and I was hoping we could negotiate a salary more in line with the market so I can achieve my financial needs if I'm here for the long run. I understand that right now the experience I get is far more valuable than a cash payout, and I can't express my gratitude for the experience that you continue to afford me, but I've got obligations (make it sound like you're drowning in student loans) and it's getting tough to push them off further"
They should respect that and they ought to pay you. If they don't pay you, continuously look for a lateral opportunity. A lot of REPE shops take analysts with 6 - 18 months of experience as long as you have the basics and can hit the ground moving a bit as opposed to coming in completely green. It also speaks volumes about a company if they don't take care of their people. If they don't pay you at least 70K all-in, get the fuck out of there as soon as you can.