Eastdil 1st year Analyst comp/ hours (LA and NY office)
Was just wondering what the comp and work-life balance is like at Eastdil for LA and NY offices ----
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Just curious, are you interviewing or see a position posted? Costar reported them laying off 7 percent off their workforce so I wouldn’t expect their to be openings.
Could be different departments and asset types
Have heard LA is chillest office of them all but NY is absolute sweatshop. And LA hours still tough.
The first point is very untrue - LA is probably the least chill due to the majority of the analyst pool and the training program being situated there. In terms of hours - it is a transactional business, so when deal volume is low hours are lower for pool analysts (but can still get rocked by a deal out of the blue). Hours then get less predictable when one joins a team as a sr. analyst/associate.
Is Eastdil structured so that you need to join a team by senior analyst or associate level? Do you have a choice in the team you join? Is your compensation then only tied to that team?
Sweatshop but typical IB comp.
Comp for Eastdil Analyst program is the same across US (no adjustments for COL)
80k Base Salary
Bonus ranges from 30k to 60k depending on deal flow that year
LA has a better work life balance then NY but expect a very rigid program where you are in office by 8am and have to stay in until 7/8pm minimum. Very frowned upon to leave before 9pm though.
Eastdil also just did major cuts and a lot of Analysts / Associates / VPs are no longer here so likely will have shit bonuses
I had real elsewhere on this forum eastdil bonus can sometimes be 100-200% of base salary.
Not sure where 200% comes from, but definitely not as an Analyst. Maybe higher up.
With current market, the deal flow, and knowing people at the firm, i doubt the 1st year analysts get above 40k this year as bonus
$110k for 8-8 Work is lol. Begging people to leave with that comp.
Other offices I’ve heard work 8am to 11pm
When I was an analyst / associate I had a few friends at Eastdil in NY. They worked 6 days a week (6 full and long days). However, the NY was very big about making sure analysts and associates were not only getting experience but meeting people and networking. My friends would leave the office at 6 PM, run to a dinner/event, and head back to the office at 9/10PM to finish work for the night. It seemed like a stressful existence. However, putting in the work for those years allowed them all to go onto to different jobs in the industry. Some moved when people from Eastdil left and they are still brokers - moved with the teams - and other jumped to the investment side.
That's crazy when you consider IB and buyside analyst programs pay 100k-120k as their base and have potential bonuses around 80%. Really surprised Eastdil doesn't pay more to compete with IB/PE comp.
Is this old? Thought they raised Analyst 1 base to 100k or 110k?
Nope, current 1st Year Analysts are at 80k base salary. They raised it from 70k about 3-4 years ago
When I was there a few years back 70k was base and bonus was 100-150% of that. That was during a good year but $110k seems a bit low.
Where in the industry do you work now? Did Eastdil set you up well?
Very well. I do acquisitions for solid operator with ~$3B AUM.
How is Miami office culture?
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