Charlotte Comp

I am looking at a Senior Development Associate role at a strong regional developer in Charlotte, NC. They have a pretty strong footing in all major asset classes. This a 3-5 years of experience of role, which is about what I have. Base, bonus, and if I should expect any carry/promote at this level. Thanks!

4 Comments
 

Based on the most helpful WSO content, for a Senior Development Associate role in a strong regional developer in Charlotte, NC, here's what you can expect:

  1. Base Salary: Typically ranges from $135,000 to $150,000.
  2. Bonus: Around 20% of the base salary.
  3. Carry/Promote: At this level, carry or promote participation is less common but not unheard of. If offered, it might be a small percentage, such as 1-2% of the promote cash flow, depending on the shop.

These figures align with market expectations for someone with 3-5 years of experience in a similar role. If carry isn't explicitly mentioned, it’s worth asking during negotiations, as it can significantly impact long-term compensation.

Sources: Development Comp Package - What to ask for?, Corporate Development Manager - Q&A, Corporate Development Manager - Q&A, Working in Development Post College - when do you start making money?, Strategy& Compensation Updates

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

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