CIM Group Compensation
Any idea what comp would be like at associate level on the following teams:
Investments
AM
Loan AM
Any insight would be appreciated!
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It was $100k base and $100k bonus in early 2021 for investment associates but I feel like things have changed drastically both in the job market and at CIM. There’s been some salary hikes since then (across RE) and CIM appears to have started hiring kids with as little as one year of experience. No idea what they’re at now and if it changes depending if you’re young or more experienced
Thanks! Assuming it would be less for the two other verticals?
No clue
Anyone know development associate comp there while we're at it?
I got quoted $175k base, $75k-ish bonus for associate in LA (either debt or investments - comp was same).
How many years of experience do you have?
Also what are hours like at CIM?
Everyone I know at CIM has hated it and left. My old company got a phone call from one of their MDs to stop poaching their employees, they weren't even doing it intentionally, the CIM people were just miserable and wanted out. The development managers I knew pretty much also had to do CM/GC work, which is just brutal hours.
It's 300k all in for investments associate
Better than i wouldve thought
That’s prob not right. It was $200k just last year. I’ve been at two companies when they raised salaries (post Covid) and it’s typically much smaller increments. Coincidentally, both firms when from $225k to $250k for associates.
And it’s not like CIM is doing that well - they have multiple funds with negative IRRs. And these aren’t 05-06 vintage funds. I’m talking about stuff that was raised in the bull market.
Another poster above mentioned 175k + 75k. Just confirming if you’re positive about the 300k?
Positive
Mature large development shops like this rarely hang on to senior talent, because they reach the point where there’s already enough mouths to feed at the leadership level and they don’t want to give out meaningful carry to rising talent. Result is they turn to the IB model of finding mercenaries who they can work hard in exchange for a bunch of money, and developing more fee-driven RE platforms to continue to grow the firm. Some people break through and become lifers, but it only takes so many people to run a company.
Well said.
Does anyone have any insight on the case study / model test?
The case study is fairly straight forward if you know what questions to ask when assessing a deal generally. They just give you an investment prospectus and you have to decide whether or not it's a good investment.
The model was not anything overly complicated. It was a multi-tiered waterfall for the acquisition of an existing asset. What makes it hard is that you don't have enough time to complete it, so you'll have to really have your stuff together.
Thanks for the reply - I’ve been spinning my wheels on this. So just to clarify as I was given no information from their team members - is this a full blown out three statement model? I have a few case studies if you’re willing trade. It seems this is more of a asset based model? Happy to discuss via PM as well
What asset class is the model for ?
They’re struggling to raise money, so a lot of wheel spinning for deals they can’t buy. Pay has gone up significantly because the market’s gotten smart on their reputation as a sweat shop (though I hear that’s improved recently).
Do you mind DM’ing me please? I tried to send you one but it failed
300-350k/all-in for investment associates
Oh wow, that high?! Thats Megafund like pay.
I can confirm, I got quoted this by a recruiter
Didn't really mention how much was bonus vs salary I was thinking probably 200k Salary then 50-75% expected bonus
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