Analyst Doing Full Stack Work - Looking for Advice - Comp

Hi WSO – would appreciate some honest input.

I'm an Analyst at a family office. But in reality, I do much more than the title suggests — I structure all the capital (debt/equity), underwrite every deal, build the models, create the materials (OMs), and stay involved post-close with asset management. I'm in the weeds on every transaction, front to back. I’ve been told I’m getting promoted soon — likely to “Senior Analyst.” But given the level of responsibility I’m carrying, I feel like I’m already operating at Associate or higher.

Experience: 4 years in real estate MSRE Full exposure across acquisitions, underwriting, and AM

Comp: $77K base 10% bonus ~$85K all-in

Market: Smaller but growing Mountain West market. Think decent deal flow, lower COL, but not a cheap market anymore.

Questions: Am I underpaid? What’s fair comp for this role in a second-tier market (base + bonus)? Should I push for Associate instead of Senior Analyst? How would you handle the upcoming conversation?

Thanks in advance — appreciate any real talk from others in capital markets or REPE.

15 Comments
 
Most Helpful

You are both underpaid and a complete goober for describing what you do as “full stack.” 

Commercial Real Estate Developer
 

I’m not really sure on what is market in your geography but I’d probably wait to see what they are thinking for “senior analyst” compensation. Are there any guys in the office who you are friendly enough with to have an informal discussion about comp/career trajectory? Some companies just aren’t big on paying junior guys but the comp gets a lot better as you progress.

 

I think salary will be in the low 80s with a 10% bonus is what I was told. I’m the only analyst on the team. We have a senior portfolio management analyst - been with the company for 8ish years with 10 years of experience and is in the low 90s with 10% bonus.

Got a buddy at another competitor, does acquisitions, same years of experience. Total comp ~125-130k.

 

Yeah cost of living is way lower than New York. Just tough seeing how much my buddies are making in similar roles. But trying to be positive - definitely have learned a lot.

 

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