How much do your bosses make per year?

A majority of us are analyst/associate level. I've read through the salary thread on this forum and most of the postings are from junior level. I thought it would be beneficial for most of us to see what jobs down the line are making. Obviously, these are not going to be spot on and be closer to a range, but could be useful information as a lot of us are deciding what we want to do long term. I'll start.

I work for one of the main brokerages and work mainly for 3 producers on the debt side. I'm in NYC.
Head MD - ~$1.2M
MD - ~$700K
Director - ~$700K

 
REREFinance:
A majority of us are analyst/associate level. I've read through the salary thread on this forum and most of the postings are from junior level. I thought it would be beneficial for most of us to see what jobs down the line are making. Obviously, these are not going to be spot on and be closer to a range, but could be useful information as a lot of us are deciding what we want to do long term. I'll start.

I work for one of the main brokerages and work mainly for 3 producers on the debt side. I'm in NYC. Head MD - ~$1.2M MD - ~$700K Director - ~$700K

What makes you think these figures you are providing are correct?

 

how are you guys ok going into work every morning knowing it takes you weeks/months/(a year) to make what your director/MD/(CEO) makes in 1 day?

maybe I don't take shit from other people. whatever.

 
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lol monaco monkey, I know you are a troll but this is weak. I went through this phase too a while ago, so I know exactly what your doing. Your goal is to make people feel bad, but jokes on you. I am content. If I am content, you cannot make me feel bad :)

I will tell you why I am content. Our incomes may not be that much especially when you compare us to few other professions. A top law student coming out of a top 20 law school can make 160K out of law school working for a big law firm. A first year engineer at a big tech company or even a smaller companies now days can make 120-150K out of college. Doctors can obviously make a lot more over the course of their careers even with medical school debt. All those professions gives you a massive head start in terms of building wealth as most of us are starting at 50-80K base out of college or grad school. You will not be content if you constantly compare yourself to others and be disgruntled on how much less money you make.

In my view life is a bell curve. This can be applied to be many things like income, economics, social status, etc,. Most members of any category will be grouped in the middle, with fewer members at the either extremes. This probabilistic density and distribution can be applied to anything in life. In the 19th century, Victor Pareto explained the concept of how 80% of the land in Italy is owned by 20% of the people. The distribution was pretty much in the shape of a bell. This income distribution was later called the Pareto's principle. Now in the 21st' century, you have Bernie Sanders stating how the top 1/10th of one percent owns as much as wealth as the bottom 90 percent, is anything changed? or will anything will? I realize that and thats why I am content :) Also, I feel a lot better knowing that I am still extremely privileged (sometimes we take it for granted that six figures is a shit ton of money) and am making a lot more than even some very educated folks. So, I am still living a good life.

So, 99% of us here in the real estate field are looking at making 200-300K or so at the very top end of our careers after a 30 year stint. While most of us in real estate want to be entrepreneurs, only 1% or so will end up being the entrepreneurs that we wanted to become when we entered the field (Sam Zell). Some of us that become entrepreneurs are fixing and flipping single family homes and duplexes. The rest are all making a good living but are still only brokers, underwriters, originators, appraisers, consultants, acquisition or asset management professionals in private equity or development shops. And that is fine! The key in life is to realize that life is a bell curve, make sure you are at the very least in the middle part of the bell along with most other people and to be content :)

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