Comp level for Analyst/Associate in NYC area
Wanted to know what you guys thought was comp for an analyst/associate position for a private real estate company (3 employees: Principal, CFO and me) in NYC.
I have about 1 year of experience under my belt. My responsibilities including sourcing deals, underwriting, assisting on-site with property and construction management, as well as assisting with tenant relations and management. Focus is on multifamily, mostly under 20 units. Most deals are not syndicated.
What do you think the base/bonus should be? Feel free to ask any questions. Thanks!
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google the CEL associates comp report or the rhodes associates comp report
Here you go my man.
https://business.fiu.edu/graduate/international-real-estate/pdf/cel2018…
I don't think anyone will be able to give you an accurate answer for that type of shop. It's going to have a large range and will be dependent on how generous they are or aren't as well as how the fund is doing. What is their AUM, or is it a family office?
I'd imagine the Rhodes or CEL reports will be way high compared to this firm unless these guys are generous af.
It is a family office, but as deals get bigger they will start to syndicate but will not have a problem raising the money for those deals. Very specific acquisition criteria but capital has never come up as an issue.
This depends entirely on the firm as stated above. Most of that comp data is based on your large firms where the data is more readily available to populate figures.
I’ve seen say Acquisitions Analyst with salaries as high as 100K to down to 50K.
1st year Analyst 70k Bonus of 20% 1st year Associate 90k Bonus of 30%
IN MOST CASES
Shoot for 80-90k and be happy with anything in that range with a 20-40% bonus. If it is your job to make the first offer go with 95k and 40% bonus, you might get lucky. Otherwise you will end up in the realistic range.
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