Compensation package
Hi guys,
I'm looking to join a REPE (in a different country) which i was over the summer. Fund manager has a lot of experience in REPE (over a decade) but the fund is quite young (10 people now). I just want to find out what you guys think of this compensation package:
Base: 25 - 30k
Bonus: Depends on fund performance
Additional: Fund manager allows analysts to invest a little in every property the fund purchases
Thanks!
Base sounds way too low. Sounds a bit too uncertain/sketchy
What country and what's the size of the fund (AUM, not how many people work there)? If this were in the US or Western Europe the base would be very low.
seems extremely low
Is that euros, pounds or dollars? If euros or pounds, probably in the ballpark depending on what bonus looks like and the fact that you can coinvest in each property. Do you have to pay cash for the coinvest or is it phantom equity?
and when I say in the ballpark I mean for a very small fund
Thanks guys for the replies. It is in Asia (think HK/SIN), and currency is in dollars equivalent. AUM is about $100-150 million
Those numbers are small for HK or Singapore. They are two pretty well established financial centers, especially HK, where they're used to more standard finance industry compensation. I thought you were going to say India or another developing country where compensation is lower in general.
However, AUM's pretty low so there's not a big management fee to pay expenses and although 10 years of experience may sound like a lot to someone in college, raising significant institutional money where the top guy has a decade of experience is a tough sell unless they're a rock star or their dad/uncle is a Chinese billionaire who's getting money out of the PRC.
I'm actually not sure how one could live on $25-20K in HK/SIN: those are two of the most expensive cities on earth and you can't just live in the suburbs and live for less. And unless you have some family money, I really don't know how you'd invest in deals if they're talking a true cash investment.
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