Agency Lender Comp
Anyone got their number???
I was told 3% base bump after announcing we had a record year….
Will be looking for a new gig. I know the market sucks.
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Based on the most helpful WSO content, there isn't specific compensation data for agency lenders directly mentioned in the provided context. However, if you're considering a move and looking for benchmarks, you might want to explore threads related to compensation trends in similar roles or industries. The market conditions and comp adjustments, like the 3% base bump you mentioned, seem to align with broader trends of modest increases in certain sectors despite challenges in the market.
If you're looking for more precise numbers, you might find additional insights by engaging directly in WSO forums or similar threads.
Sources: What is your compensation in CRE Lending?, Private Credit / Direct Lending Comp, Loan Terms, https://www.wallstreetoasis.com/forum/real-estate/are-deals-falling-out-due-to-higher-rates?customgpt=1, Q&A: Non-Bank Commercial Lending
Lender in affordable housing at a BB agency lender. We also had a HUGE record year and they gave us 3% bump and small bonuses and gave some bs excuses.
Me and you both. I don’t understand… if any year to boost morale. It was this one for sure. Will be looking for sure..
There's only one agency lenders that fits that profile... but sucks to hear, you guys had a blowout year compared to 2024.
Same - spoke with someone in affordable last week (maybe same company as y’all). In a nutshell, direct mgr said their hands are tied (top performers didn’t get the full bonus) but anyone with half a brain can pull a deal report showing the company had a record year.
Told them to keep up the good work and it’ll pay off next year lolz. That only works for analysts who still drink the koolaid.
The issue really is that the range of “good year” and “bad year” is generally pretty small in agency lending given it is pretty much only a fee business.
Also, most companies try and keep the junior levels steady year-over-year, and the biggest adjustments are at the top. When I worked in institutional firms, junior comp was pretty much considered sacrosanct within a pretty tight band, and it was seniors that took the hit (or gains). I remember one down year (our group was out performing, but the rest of the company was sucking wind), that they paid everyone under VP their full bonus and the MDs/Directors were the ones that took the hit.
I’m now on the other side as a senior member of my team and I can tell you that my variable is truly variable. I’ve had years with huge 125% bonus awards and years where I was 80%. Analysts and associates don’t generally see that kind of range.
We are a MM size lender. And we gotten too big compared since I’ve started here. It’s too corporate now. I think it’s gonna be a standardized 2-3% moving forward (unless you are getting promoted) - 2% for meeting expectations to 3% for “knocking it out of the park”. fkn crazy that they call this a “merit” increase, while that range should be considered a cost of living adjustment…
But thank you for the input! Appreciate this!
I’ve never gotten a base raise except for when being promoted or moving firms. Given, I have always been highly rated and it has more than been made up in bonuses each year, but don’t take a 2-3% COL increase for granted.
Are you in underwriting or supporting a production team?
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