I'm a 25 (26 in a few months) year old senior AM analyst at a REIT making about $90K total comp. I feel that it is quite low but the hours really chill. 30-35 hours a week. I am getting married soon and need my income to go up in order to start a family and begin my life as a married man. Would it be bad to stay for 1 year and dip? Can I become an asset manager after 1 year and make like $150k total comp?
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It's a great time to be in asset management, but I think you should also consider there may be cuts coming soon if there is a recession. In terms of increasing your income, maybe look at investing in cheap properties on the side, gathering up a pool of money with friends. In real estate I really see ownership at the way to make money, it's somewhat rare to become a Partner even at a small developer and even if you get to invest in a deal it's usually small before that point as maybe a VP or MD.
Owning smaller properties on the side in your local area may be a good bet, although it seems it may be tough to raise the initial capital. See what's out there but also try to broaden how you make money by investing in stocks/bonds/etc as well as real estate when you can. It may only be a few hundred a month now but will set you up long term. I am similar age, $100k at 25 is a good salary and if you want the $150k I'm sure it is out there with longer hours like 50-60.
In a similar situation (25, REIT acq/am, same comp) and curious to hear others thoughts on making a move in this environment for more money.
NYC. 2.5 years total. Worked at family office for 1 year before joining current firm.
What’s your comp right now?
80k base + bonus (10k last year)
Could try moving to a LifeCo - hours are similar and pay is way better (im also 25 Sr An / 2.5 YOE 150K TC at a LifeCo).
Can I ask for a referral?
What product types have you worked on?
.
How would one start their own fund?
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