Hey y'all, what sort of comp should a 1st year analyst (acquisitions) expect at a small CRE FM shop (c. $1b FUM)? I'm interested in what a typical bonus should be in particular. Is 20-30% normal?
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it should really be 20-30% minimum. There are misc. back office positions give that much, so I hope I’m right.
Ouch. What do think the average % is?
Are you in the industry?
Mine is 10% but I work on the debt side
Thanks for the info. Out of curiosity, what sort of salary does a first year analyst in debt get paid?
Like ~$50k as an underwriter
I am expecting 10% as an analyst for an REPE firm in the southeast.
People have delusions of grandeur when it comes to RE Analyst bonuses.
It's not IB. High salary/bonuses are backended,
you should expect 10-25%
This thread is depressing to read...
I know people in middle and back office jobs at banks who get 20%-30% in bonus. I was thinking 40% give or take would be reasonable.
How does this industry attract any talent whatsoever if you’re paying people $55k all in?
High earnings potential and better job security (imo) Entrepreneurial (relative to IB/PE) Pretty darn good work life balance
I agree though that CRE comp has gotten beaten down. The good companies will still pay well.
Because I couldn't imagine working 80+ hours on numbering pitch books that no one will read the content of.
Because real estate allows to to be entrepreneurial down the road. You shouldn't be in the industry for a paycheck.
I think you're missing the larger picture, RE careers happen anywhere, the majority of which are outside of the countries most expensive cities and have work hours like 9:30 to 6:00. Whereas IB happens pretty much exclusively in the country's (or world's) most expensive cities.
These salary/bonus questions are silly without a fuck ton more context. A Dallas guy could be responding to an Orlando guy while the NYC fella trying to get into RE just jumped off a building reading that.
The fact of the matter is it comes down to simple supply and demand. There is a demand for X number of real estate analysts. There is a supply of 1000X willing to be real estate analysts. At a lot of short-sighted shops, that then cues a race to the bottom. There are a lot of short-sighted shops.
It doesn't. It attracts people who went to good schools on sports scholarships and majored in History.
Sr. acquisition analyst in Tampa and I'm at 65k + 20%. Tampa cost of living is low. If we beat budget, the company will usually go above the 20%.
It was low, but home prices went through the roof. I wish I had bought a CMU block home south of Gandy years ago or anything in Soho/Noho.
from my experience, if you’re in a second tier/tertiary market it’s 10% and your salary is $50k. If you’re in a major market, it’s ~$80k and a 30-50% bonus.
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