Is real estate the new cash cow?
Got an analyst 4 months out of college offering 115k for a base and 50-100% bonus. Is real estate the new banking?
Got an analyst 4 months out of college offering 115k for a base and 50-100% bonus. Is real estate the new banking?
Career Resources
That's a very strong offer for right out of school. It's definitely a more institutionalized asset class than it was 10 years ago.
That's very rare for right out of college. It's weird to refer to something as the "new banking" - banking is usually viewed as a training ground to learn a certain skill set that allows you to have a huge variety of options when you're done, most don't see it as a long term career.
Real estate gives you the opposite of a broad variety of options. It's a niche industry. So in terms of comp, it's more institutionalized and getting closer to what banking and traditional PE pay, but no, it's not the "new banking".
I snagged 80k, 20% bonus and carry right out of college and I thought I was doing well. That’s a fantastic offer for re.
Is this for a MF?
no boutique shop pays above market
My boutique pays above market…
This is not true. Boutiques are more likely to pay over market. They are far more likely to hire based on need and are at the whims of the market demands at the time and thus more often times need to pay over market to fill the need quickly.
Never seen an offer like this. I know people that graduated at the top of my class and went straight into RE and still didn't hit this. Unless his dad is a major client of the firm or something, these are not common. RE is all about proving yourself and honestly these firms just don't drop $180k+ on new grads.
It’s a senior analyst position, aced the modeling test for it
Regardless, RE is never an industry, where simply aceing a modeling test allows you to make 3x what your peers earn. This industry is more about hitting the pavement and developing relationships with brokers/investors/developers,etc. Sounds like the firm pays significantly above market. I have done a lot of business with other firms and have a friend who is a headhunter for RE firms and can 1000% confirm that this is not normal. A new grad or even a current senior analyst pulling in $230k a year would put him in the top 1% of pay for his title. I am more impressed the firm paid that much simply after an interview and modeling test, but honestly good for the analyst, thats a hell of deal for him.
Monkey shit because y’all jealous
Always has been and always will be.
Real estate is literally the oldest cash cow in human history. Every rich family from the old days was just a big time land owner
Est odit eligendi nihil ut libero porro. Sit expedita voluptates est et veniam optio porro.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...