Development Associate/ Senior Development Associate Comp
I was wondering if anyone could provide info on what market comp for a Development Associate/Senior Development Associate is (breakdown of base + bonus)? I am located in a non-NYC HCOL location (LA, SF, DC, Bos). I have 5 YoE (4 in RE) and an MSRE. Currently a Senior Analyst making 100k base and 20-30% bonus at a smaller developer. I tried the search bar, but data seems a bit out of date or in a LCOL area. I was thinking base around $130k-140k and bonus around 30% from what I have seen around here. Would appreciate any insight; Thanks!
What you have quoted there is market.
Recruited last year in those markets and got the exact same range and bonus % quoted to me. You are right on the money with your assumptions.
Thanks for the response! What level associate were you last year and how many years experience do you did you have?
3 years in corp fin.> masters degree > 3 years in real estate as an analyst, then recrutied for associate
Just to piggyback - What is the typical delta between Senior Associate in NYC and other Tier 1 (DC,LA, Boston) markets ? 20%?
Curious to know if you are actually based on the east coast and what do you define as a small developer? Do you define "small" as a developer who has all their projects localized within the immediate area, or a developer who is small and builds 1-2 medium-sized to large projects? I could be wrong, but I think the pay is substantially different between the two coasts. I worked in SF previously and could not truly find a developer much willing to put out comp to someone who would be an "analyst" and have that level of experience. When I see what you've quoted in terms of comp, I can really only think of the institutional shops paying that much to an "analyst". I could see LA being a bit more competitive just because of USC's strong MRED presence and LA's overall attitude being slightly more pro-development.
East coast. My current employer has about $300mm AUM. All the projects/properties are localized and are mostly less than 50 units.
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