First Year Analyst Compensation
What's up everyone, I wanted to start this thread to learn more about compensation for first year analysts across the board. If you could drop your market, firm type, base salary, bonus % and any other relevant information that would be greatly appreciated!
We just did this all summer. There’s a huge thread with over 1k comments and another where OP consolidated all the base salaries across the street
where can i find this?
use your top bucket analyst skills to find it using the “search” bar
Office location: Texas
Base: $107.5k
Bonus: ~10k
What I do: lender
Started out of college few months ago
Shit dude that’s sweet af, congrats!
Do you mind if we chat? In texas too.
Gig'em
.
I’m also structured products 1st yr. 70k base seemed very low, my base is 110k with expected bonus ~60k
Any bonus?
Sounds like JLL.
Hope you move to RE PE soon my friend.
JLL pays a higher base and is heavily skewed towards bonus
.
bump
JFC. 90% bonus? Is that typical at your firm? Most I’ve seen is 25-30%. That’s huge comp for a 1st year.
REPE bonuses are NOT like PE bonuses. I went to a target school so I have a pretty good window into consulting, PE, and IB comp. Some (maybe a lot?) of PE shops easily have higher bonus %s than in IB.
Where do you work big dog, give a hint
PM me lol
Is this rockpoint group?
PM me
I’d guess Bain.
That’s what I thought too
Sounds like Bain Capital Real Estate. Get ready to be dogged with hours lol. They’ve been making shitty investments as of late - try to lateral ASAP.
Yes intern, because a few bad investment choices is reason as a fresh analyst to "lateral ASAP" from a top shop.
I'm in Boston, lmk what firm this is
Debt placement
2nd YR
CA
All-in Comp: $138k
is CA = Canada?
California
CAN if Canada
NYC
Analyst 1
Construction Lending at a Bank
Base: $75K
Bonus: 15% target
Old Gig: left after 5 months
HCOL City - LA/SF/CHI
1st year analyst
MF Asset Management - top 50 REPE
75k base + 10% bonus
New Gig
HCOL City - LA/SF/CHI
1st year analyst
Acquisitions at a national Developer
Firm size: ~20bn in total transactions
$100k base + unknown bonus
I'm guessing the old gig was Harrison Street
Sounds like Harrison. So sad that they can get away with this shit pay.
.
HCOL city
AN1 LifeCo/Debt fund
97.5k base
18-25k bonus
I hope that isn't NYC
You mind PMing me the firm you’re at?
Does real estate IB pay this much more than acquisitions roles? Ik people there make 120k base plus like 60-90k in bonus + 20 singing bonus right outa college
Yes - as they should given 80 hours per week grind. There are acquisition roles with similar hour requirements that will pay the same in RE and those roles don't come by often compared to IB's revolving door that churns through thousands of kids on the street per year.
LA
CMBS originations analyst
Base: 110k
Bonus: 10-20%
DB?
I bet that's Citi. Their CMBS team offered me for NYC/LA and that's exactly what the LA quote was
Pretty clear entry level comp has ran 20%+ since I graduated many years ago. Always felt comp was light for juniors so happy for everyone that it's finally creeping upwards but on the flip side, makes me feel currently underpaid with 5 YOE.
4-5 Yr experience is that horrible spot. Not an entry level analyst who will see quick progressions in pay and have already started at a higher base today, not a VP+ in most shops to be able to fully take advantage of the higher pay and less grunt work. The worst is shops that keep you at the senior associate level for ever. At some point people check out and become an office space character.
Acquisitions
AN1
$100k base + 100% bonus
Major metro
Sounds like BX AM. If it is - can I PM you? Will be working there next summer.
Sure
Texas
Research Analyst- $70K plus bonus
Acquisitions analyst at a Philly firm, but we pretty much only invest in South/SW/Sun Belt. Can I PM? Would love to connect.
What's your bonus? I'm assuming 10-15%. And what shop? I'm assuming large brokerage (JLL,CBRE,C&W,ED)?
Recent total comp progression:
2019-2020 AN1, AM at family office: $60k, then $65k
2020-2022 Associate at small debt fund/equity syndicator: $100k, then $130k
2022-present AN3 at large PERE50 shop, acquisitions: $250k
This clearly says first year analyst comp genius
Trying to make the point that first year comp often has very little bearing on comp in years 2+ if you make good moves
$250k as AN3? If by top 50 you mean top 5 and are being modest, that would make a lot of sense to me. Either way, super curious about comp/progression and culture across the whole REPE T50 range. Can I PM?
Yeah messaged you
Comp isn’t linearly tied to real estate fundraising (what PERE list measures), but definitely rhymes with it. 30-40 on that list may pay more than groups in the top 10.
What metro are you in? Would love to connect to hear more about your trajectory
DMed
Any insight into how you moved from AM to Debt Fund/Equity Syndicator? Was it hard?
Northeast market
Analyst I, acquisitions
Base: $75k, bonus: minimum of $20k
AN 1 IB
Base: 120k
Bonus: realistically 60-70% of base based on this year’s results
Investmeny Analyst 1 & Asset Manager (13 months of experience)
Market: Nordics
Base: 42k€
Bonus: 9k€
Sentiment: underpaid even in my current location. Want to move.
wall-street-fashion.com for when bonus hits this year
Signed my internship offer for junior year
Base 120k prorated,
Bonus: unknown but overtime for the summer
Tier 1 market
Mega fund?
Yep
Would you mind pming me? Would love to ask a couple questions
XXXX
What are some of the debt funds in TX?
Can only think of ACORE out of Dallas, but they try to market as convenient separate accounts for LifeCos. Would love to have some names on my radar.
Analyst 1
Balance sheet lending
$100k base
10-15% YE bonus, 7k signing.
Major mid Atlantic City
Market: Philly
Firm: Class-A office GP
Base: $72.5k
Bonus: $20k
Acquisitions group, but it’s a pretty small firm so the lines between groups are really blurry anyway. This is my first job out of college. Can probably beat my target tho 🙏
Im guessing Equus or Rubenstein?
Analyst 1 in NYC:
105k base + 15k signing + 80k bonus = 200 flat
top MM
Was this in RX? I think I work at the same bank but not in RX.
no, industry coverage group. rx is more (closer to $240 all in)
Specialty banking analyst
Base=67k
Bonus=20-30k
Average hours per week=40
Location=Alabama
Underwriting Analyst$
85k plus bonus (10%?)
Midwest
Hours: 30 (currently)
Analyst
90k + 25%
Midwest
Hours: 50
Interned past summer then continued through school until now, so technically 1.5 YOE but before renegotiation at EOY.
Market: Southeast
Job Vertical: Development (MF)
Base: $70k
Bonus: ~$45k
Hours: Vary widely but 40-50 with ups and downs depending on deal status
Atypical structure but in a highly productive environment.
Greystar pays that much
Similar, but not Greystar
Analyst 1 at BB in NYC.
Balance sheet lending.
Comp: 80k + 10k sign-on + minimal eoy bonus (maybe ~5k)
Hours: 40
Not bad for the hours but not ideal
1st year straight out of undergrad
LA, California
50-55 hrs/week
$130K all in
Prob originations or acquisitions
Capital Markets Analyst
Industry: Agency CMBS production & trading
Base: $77k
Bonus: n/a until year 2
Market: Southeast
First year Analyst out of undergradIndustry: REPE OriginationsAll in: ~145kMarket: NYC
Went to Cal/UCLA/USC for undergrad.
Junior year internship was at a MF doing FP&A
Sophomore/freshman internship wasn't as relevant. Was accounting at big name company (not financial services) and very entry level opportunity at debt fund
Analyst 2 at Bank Lender in NYC
$115K base + expected $25K bonus.
45-50 hours per week.
BB?
Borderline BB
DC
77k all in
What’s the base and bonus?
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