Best paths to higher comp in REPE?
I'm an associateat a startup GP making $120k a year all-in (+ option to coinvest) in a MCOL city. I'm comfortable with my pay and have a great savings rate (approx 30% of gross). But I definitely don't feel like a high earner and am not "stacking cash." The large majority of it goes into retirement accounts which won't see the light of day for another 30+ years. I feel relatively cash poor.
I'm on a solid trajectory at my company and have a chance to earn $200k all-in with promote if I stay another 2-3 years, at which point I'll be in my early-30's.
I'm just trying to think of ways togrowth. I know real estate is the long game, even when it comes to comp. But maybe there are ways to jumpstart things. Should I spin my couple years of experience as an AM at a GP to join as an acquisitions associate at a state pension fund? Or just keep leveling up companies based on ? Should I stop maxing my 401k and start saving that money for my own potential CRE deal in the next couple years? Should I do some freelancing as an underwriter? Maybe build proptech product?
These aren't answerable for my specific case. I'm just curious to know what others think about where I'm at now and what my best chances are for getting to ain the next 3-7 year time horizon. Feel free to start a discussion about non-related things. Just want to start a career conversation here and spitball ideas.