Comp range for Investment/Development Associates at developers?
I work for an industrial developer, and I would like to see how my comp compares to the big shop developers. I see a lot of investment associates at Prologis, Link Logistics, Bridge Industrial, IDI, First Industrial, Hillwood, etc. Does anyone have any insight on what comp looks for these firms? I am an investment associate (acquisitions, finance, etc.), but also open to development associate roles.
I am focused on industrial, but comp info for other asset classes is also appreciated, as I assume it will be similar at the junior levels. Thanks!
Also, I know it is highly dependent on location, so please add if it a HCOL or not.
Based on the most helpful WSO content, compensation for Investment/Development Associates at developers can vary widely depending on the shop, location, and asset class. Here's a breakdown:
General Compensation Ranges:
Industrial Developers:
Location Impact:
Other Asset Classes:
For a more specific comparison, you might find insights in this thread: https://www.wallstreetoasis.com/forum/real-estate/what-is-your-compensa…</a">What is your compensation in Real Estate Finance?.
Sources: What is your compensation in Real Estate Finance?, Life in Acquisitions (Analyst/Associate), Real Estate Development Comp by Shop, Life at Mega Developers, Life at Mega Developers
At a name brand dev, but not industrial focused like the shops named above. Was told tc range for dev aso1 was ~190-220 then 225-245 for aso2. HCOL city.
Thank you, that is solid comp.
This tracks for the name brand dev (multifam) I was at. Sr. Associate, making in the band you described, and I knew the regular associates were making the lower band.
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The comp difference for ASOs working for owner-operators vs. REPE funds is wild. Just finished my ASO1 year at a smaller cap REPE outfit in NYC and cleared $300K... in a down year. That said, development is a long game, so I'm sure it evens out at the VP+ level
Former Hines assc. and was at $130 base and 30% bonus with no carried interest in a HCOL city. Severly underpaid imo for the responsibility/quality of work product/strong performance ratings. The big developers will underpay for the brand.
Was an associated at a larger merchant build multi-family shop in a texas market. 90 base 15-45 bonus, pretty light hours
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