Anyone Seeing Pay Adjustments for Inflation/Tight Labor Market?

Currently an associate / VP level at a large RE firm in the Bay Area.

I see a lot of people in other industries getting big pay raises due to the tight labor market and inflationary pressure. Anyone seeing raises in real estate? 

I haven't received a substantial wage increase and I feel like my purchasing power has declined dramatically in the past 6 months. Grocery bill is up 20-50%, restaurants are super expensive, rent is going back up.....any else feeling the squeeze but not getting relief on the salary side? 

Do I need to hop employers? 

 
 

I'm not seeing anything from the publicly-traded REIT side, but I'd be curious to see what folks are seeing at LifeCo, PE, family office, smaller developers, etc. I have a lot of friends in IB, not just the JPMs, Goldmans, and Citi's of the world -- but smaller shops that are getting substantial raises ($10-15k at the analyst level). 

 
Most Helpful

Requesting an inflationary raise (at a minimum) should be done annually, usually at your yearly review. Most places I've worked offer one, although it's never the full amount. Usually $1-2k at the analyst level. I doubt you'll get this year's full 5% offered as a COL adjustment, but you're screwing yourself if you don't at least ask

Closed mouth don't get fed. You'd be surprised how underpaid some people are simply due to the fact that they never ask for what they want

 

Quas officia totam est dolores. Inventore aut sunt ad laborum rerum illum quo. Cum dolorem ipsa perspiciatis temporibus quod consequatur fuga. Quo incidunt vel in optio. Voluptatem vero perspiciatis aliquam molestiae facere rem qui in.

Laborum aut facere libero eum laboriosam molestias vitae et. Quia rerum et in minus. Ipsum rerum architecto beatae corrupti. Dolorem quae nostrum debitis aut illum repellat. Illum iusto accusamus ea dolores qui hic rerum.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
bolo up's picture
bolo up
98.8
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”