BentallGreenOak, Angelo Gordon, Lone Star, Fortress Salary
BentallGreenOak, Angelo Gordon, Lone Star, Fortress. Any thoughts on their pay? How do they stack up against the Megafund RE arms?
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You’re looking at 125k base for associate. Target bonus of 125k. Then about 100k of Carry / profit sharing. In others words, about tree fiddy
Do all those funds pay this well at the associate level?
It was a joke. That’s way too high for a first year associate
The carry no (lmfao), but base/bonus, yes. I made very close to that (bonus = 100% of base) in a Tier I city last year as an associate (2nd year but really first if you're counting 3rd year out of college).
Do you work at one of the name brand shops?
Comp at the associate level is widely varied on the RE side. Depends a lot on the group as there is more of a blurring of lines on job duties. At an IB, you'll largely have uniform tasks at associate level, VP, etc.
I know associates that make more money and have more responsibilities than VP's, and I know people with 'Managing Director' titles that don't make jack shit. Definitely still somewhat of the wild west in that regard. The hiring processes/job openings are also much more erratic, so if I were you I'd secure the interviews first where you can and then worry about the pay. If you have interviews with the above mentioned firms already, then different story.
Currently an analyst at one of the top BB REIB groups. Confident that I'll land most if not all of their interviews. Asked this question because I was debating whether to recruit for REPE or do the IB asso promote (pays around 250k for asso1 and 400k all-in for asso3).
I don't think you're going to see that level of comp at an associate level at places like Bentall or AG, but I can't say with absolute confidence. That said, I think it will be worth your time to interview and see what the offers are. My firm has a large number of recruits from BB's so I have to assume they are comfortable enough with the comp to make the switch.
From my experience at a MF REPE, NYC VPs make that kind of money in REPE, not Associates
This is the right answer. Some shops pay you like you're doing commercial banking the others hit the average corporate PE fund comp. Outside of BX, Oaktree, HFs in the CRE space, you're not getting paid like you would working at Apollo PE buyout.
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