CIM Group - Development
Saw an infrastructure development analyst posting for the CIM Group in LA. Any insights into comp, culture, process, etc?
Have seen that comp for investment roles are good - does this apply to Development as well? The posting also makes the role sound super execution-heavy (lots of entitlements, permitting, and construction coordination, with little mention of investment process or modeling), does that seem atypical for the analyst level? I'm coming from a similar Development role, and we still deal with the underwriting/modeling-related tasks, so just seems a bit odd to me that there's absolutely no mention of that for this role.
Thanks everyone in advance.
Based on the most helpful WSO content, here's what you need to know:
Compensation at CIM Group for Development Roles:
While specific details for an Infrastructure Development Analyst at CIM Group aren't explicitly mentioned, development roles in general tend to have competitive compensation. For example, corporate development roles at the senior associate/manager level range from $200K-$275K total comp, and analysts in development or strategy roles typically earn $100K-$150K annually, including bonuses and stock options. CIM Group's investment roles are known for strong compensation, so it's reasonable to expect development roles to align closely, though they may slightly trail pure investment positions.
Culture at CIM Group:
CIM Group is known for being execution-focused, with a strong emphasis on operational and project-level work. The culture can be demanding, with a focus on results and attention to detail. It's worth noting that the firm has a reputation for being structured and process-driven, which aligns with the execution-heavy nature of the role you described.
Execution-Heavy Role:
The job description emphasizing entitlements, permitting, and construction coordination without mentioning underwriting or modeling isn't entirely atypical for development roles. Some firms, especially those with a strong operational focus like CIM Group, may separate investment-related tasks (e.g., underwriting, modeling) from execution tasks. This could mean that the modeling and investment process is handled by a different team or at a higher level within the organization. However, if you're coming from a role where you handled both execution and investment tasks, this could feel like a narrower scope.
Process Insights:
CIM Group's hiring process for development roles typically involves multiple rounds of interviews, including technical assessments and behavioral questions. Given the execution-heavy nature of the role, expect questions around project management, coordination, and problem-solving in real estate or infrastructure projects.
If you're looking for a role with a balance of execution and investment tasks, it might be worth clarifying during the interview process how responsibilities are divided and whether there’s room to engage in underwriting or modeling tasks.
Sources: The Other Road: Corporate Development Associate Fielding Questions, https://www.wallstreetoasis.com/forum/real-estate/cim-group-reputation-and-culture?customgpt=1, Q&A - Top Tech / Media Corporate Development Associate, The Raine Group - culture, reputation and comp information
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