JLL Capital Markets Comp
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.
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.
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.
Thanks for the info. How are exit ops out of your office since you’ve been there?
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?
I have done 2 years on principal side (acquisitions) and as I look for different opps because our shop is struggling, top 3 brokerages have offered me 80-90 bases + deal "tips" or just straight up "We'll give you $1,500 a closed deal we close about 30 a year", it varries a lot depending on if it is a big 3 or a mid size. Some bi-annual bonus, some annual, some once the fee from a closed deal hits (and yes, at big shops too). Now, other acq roles the offers are more around 150-185k with bonus ranging from like 25-50%, but I also have been doing it for 2 years. Worth nothing the principal side market right now is kind of shit. I see very good candidates competing for lower level roles than where they currently sit, could just be the market I am, tier 1.
What market, debt or ISA??
Broad strokes it’s going to be $60-70k
Base and all in “bonus” (deal fees + year end bonus) will land you at $100-150k your first year and it’ll grow after that.
I’d ignore the person hating on analyst. That’s a bad perspective to have and probably makes you challenging to work with. The first year analysts I work with are hard working and can add value to a deal by doing all the little things correctly and trying to take work off the associates plate (which in turn allows associates to take work off a director/Mds plate).
I’m on a capital markets team at CB/JLL/Newmark in a tier 1/2 city (Chicago, LA, Boston, etc.).
I’m a third year associate (6 years of RE experience) and my all-in comp should be around 250-$275k this year. $115k base and deal tips + bonus should get me to that mid to high $200 #.
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