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This notion that the ceiling is higher in real estate versus tech is "BS". The whole notion of upside and carry is an excuse for old white men to lure in talent on the cheap. Over the course of a career, you are 99.9% better off starting as an entry level software engineer as opposed to an acquisition analyst. 

All the money in real estate has been made and the dreams of becoming the next Don Bren is over. Real estate is a mature industry and the growth opportunity to go from nothing to a billion dollars is gone. 0% chance. Capital is just too intensive and real estate and land too expensive for anyone just starting out to amass any type of fortune. At least in tech, you're in a growth industry with maybe the opportunity to hop in or start the next "big thing". 

For most of the non entrepreneurs, you're way better off climbing the ranks at a Google or Facebook as opposed to a PGIM or Invesco. Total compensation doesn't even come close if you're climbing the corporate ladder at a tech firm compared to an institutional real estate firm. 

But hey, most people can't do tech / software engineering, so they just cry themselves to sleep with the false hope of a "high ceiling". 

I work in SF and for an acquisition analyst out of a top undergrad, you're looking at $100K/year to $110K/year total comp first year at best. For a SWE at google, your all in comp first year is at least $150K to $200K+ total comp. And let me tell you something about working in SF....they are in no hurry to raise your comp....$100K all in first year out of college sounds sweet to the old white guys who made $40K out of college, but compared to your buddies who make double what you make.....living is not great.

 

I agree

I'm not doing RE for the base pay but for the necessary experience to start my own shop in a few years

 

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