Anyone want to share insight on comp. People quote analyst pay all over the place and I’m sure it varies market to market but putting a number down for base salary would be helpful. Of course bonus varies but what ranges are people seeing across the country.
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This is what comp is:
Out of undergrad: 60-65k base (can be lower but expect this)
Experienced hire: up to 70k, don’t expect this it go higher
Bonus Pool: in a GOOD year: 20% in a strong office while you’re getting grinded. If not a good year and not a tier 1 market expect $500 lol.
Deal tips: don’t expect to make deal tips until you’re 8 months in and have the knowledge to run a deal and you won’t prob be running them yourself. This is 3% of the fee on whatever deal you closed split across analysts. If you’re on a team that does a lot of small deals or isn’t in a top market expect to be over worked and severely underpaid. Imagine grinding late in a type-A environment for 1k fees which people party over to pay their credit cards.
lol sorry to be so negative here but this market you should expect to only make your base. On top teams people are getting grinded and making no money. Don’t come here for comp, come if you know for certain that you want to be a broker. If you have a bad resume then also you could suffer through low pay and use it as a stepping stone to the principal side.
I’m making less than 70k and working a lot more than everyone I know and it’s very annoying. Job sucks. In a better market I’d make more but work a wholeeee lot more. Go to principal side or live at home and work here if you truly want to be a broker and make $0 for a few years in a bad market
Sounds absolutely brutal. I’m an incoming SA and ended up choosing the offer over some solid roles since the office I’m going into is extremely strong. Imo sounds like a ridiculously low comp number especially considering how far other industries have come since Covid. Going to go through my summer and see how I like the team and if I even get the return offer but will definitely keep low comp in mind.
That’s indeed a low comp number but it’s brokerage and any comp will be low. Even at Eastdil the base is 80k and bonus is like 45k for first year for IB hours. It’s all trash. JLL can be good comp I’m great years but it’ll be like IB-light. At that point just do IB lol. The base will not change so unless you’re in nyc, 65k base will be your base out of undergrad and base doesn’t really change. I got lower than 65k when I started at JLL and we got no bonus and deal tips aren’t a thing unless you’re in the pool and expect that to be a min in this market. Don’t listen to a lot of people on this forum, you might be in nyc, La, or Texas - where the top teams are, but it still sucks. Try and get a better offer using that experience.
Is there any significant difference when it comes to IS vs D/E in terms of comp on the bonus or deal tips side of things? Already looking at some options for FT recruitment just waiting for the right time to reach out.
On the debt side you’re gonna be working on a lot more deals and the fees will be smaller. In my office the IA team is not working that hard cuz deal flow is so bad. Right now IA team is making no money. Debt team is working a lot harder but also making dog water comp. I wouldn’t say there’s a big difference off the bat cuz it just depends what team you’re on. IA sets you up better to move to an acquisitions role and debt would help you work for a debt fund but I’d recruit hard man. I thought this was a good seat and kinda screwed myself.
Thanks for the info. How are exit ops out of your office since you’ve been there?
There’s no “exit opp” like it’s a known shop so people know the name but you’re not gonna be looked at like IB kids are for PE or whatever. You’ll work on a lot of 15-20M dollar deals or smaller so most people go work at small local real estate shops. If you plan to go work at one of these more regional smaller shops then you should just start on the principal side cuz you’re not gonna be anymore competitive. It’s an easy shop to get into idc what anyone says. You can easily pivot or get in if you network. My office has absolutely no exit opps. When people say a job has good exit opps I expect that to mean that too buyside recruiters are constantly hitting you up with roles and you’re getting through interviews at these shops. No one at JLL in my office has left through a buyside recruiter or even knows how to use them. Eastdil would be better but idk man you can get to institutional shops without having to waste time at JLL
There’s no “exit opp” like it’s a known shop so people know the name but you’re not gonna be looked at like IB kids are for PE or whatever. You’ll work on a lot of 15-20M dollar deals or smaller so most people go work at small local real estate shops. If you plan to go work at one of these more regional smaller shops then you should just start on the principal side cuz you’re not gonna be anymore competitive. It’s an easy shop to get into idc what anyone says. You can easily pivot or get in if you network. My office has absolutely no exit opps. When people say a job has good exit opps I expect that to mean that too buyside recruiters are constantly hitting you up with roles and you’re getting through interviews at these shops. No one at JLL in my office has left through a buyside recruiter or even knows how to use them. Eastdil would be better but idk man you can get to institutional shops without having to waste time at JLL
Need to address a couple of your main points.
First, of course the hours are long. No one on this forum will tell you otherwise. You mentioned that you might as well do IB given the long hours but if anyone had the option between REIB and brokerage, obviously they would take the REIB offer so this is a moot point.
Second, what do you mean there are no exit opportunities? The principal side is a natural exit. I spent just over a year in brokerage and hopped to a $30b+ REIT where I’m making very good money now. I could’ve joined one of the many REPEs in my city as well but decided on a REIT given the level of visibility in the role.
If by no exit opportunities you mean none outside of CRE, then you fucked yourself taking a job in CRE in the first place.
Confirming this comment.
I was at $67.5k with 1.5 years of experience (they gave me a sr analyst title but doubt that is typical for only 1.5 yoe).
20% bonus from the company production analyst pool and then deal tips (they gave me $10k which was just under 3% of total net fees). There was one other analyst who probably got double the deal tips, $10k more base and same bonus %. I joined later and they had been on the team for a couple years.
What have been recent quotes for Sr. Analyst & Associate Comp, including bonus?
Tier 1 city was $67.5k for sr analyst, 20% bonus, and then deal tips completely vary team-to-team
can someone comment on whether that's livable in Chicago lol. I saw a role there maybe a month or two ago
It is WILD anyone is complaining for making $100K as a junior analyst (in real estate) whom, for at least the majority of your first year there is adding almost no value (if not negative value) to a transactional / fee driven business.
If you are the one who MS'd me for this, you are as soft as MS
I said first year analysts, and point remains. 85-90K for someone who is taking more than they are contributing is fantastic and is good $ for a 22 year old.
Posters above are tripping. Sorry you’re frustrated but you need to understand the only value you bring is that your time is cheap. The market is bad right now. The same applies on the principal side.
I’d love for CRE to be paid more but 70k + bonus in your first couple years out of school is not the end of the world. Get reps, soak it in, and learn. Also know the above poster is completely wrong- there are great exits from the top IS teams and they’re a great training ground.
Any insight on how this structure differs at firms like CW, Newmark, and CBRE?
Can confirm the below in a mid cost of living market:
Cushman and CB will be highest bases, low bonuses think 20-30% fixed once a year
JLL will be lowest base but unlimited bonus from deal tips and biannual bonus
What I’d say is JLL will beat the others out during good years, but during the recent years taking as much of a base up front with a fixed bonus seems more profitable
Newmark is the most unstructured, it’s either like CB/CW, but also know instances for very sr associates they have a draw and are the 3rd/4th fee split on the team, can make serious money rivaling principal.
......
Any insight on market/group for this example?
Anyone know if they offer signing/relocation and do they offer perks like a dinner allowance if you’re in the office super late?
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