KKR/BX/APO/Ares/Carlyle RE Comp Discussion
Currently work at a MF as an Associate 1 in the RE Credit/Equity Team acquistion/originations (won’t disclose). Feel like I’m getting underpaid on comp which was quoted around $250-$275k all-in (and have anecdotally heard this is what peers were paid last year).
Would appreciate any color on this. Was shocked to hear how this compares to traditional PE/PC which is $75-$100k higher for the same yoe…
I interviewed with Carlyle's RE AM and TPG's REPE team in the past year for associate roles. Carlyle was at ~$270k-280k and TPG was at ~$300k-325k. REPE pays less than PE/PC, but the trade off is that your hours are probably not as bad. You don't really hear of people in REPE crashing out or dying while on the job.
Can confirm Carlyle quoted $150/$100 ($250k) for an Associate 1 in their 2 year program (acquisitions)
What level are the TPG numbers for?
Have anecdotally heard that Apollo quoted $175/$150k ($325k) and Ares at $165k/$120k ($285k) for acquistions Associate 1 on RE equity. Not 100% confirmed though.
Any color on BX?
This for summer 2026 or prior years?
Yet.
Real estate is getting more institutional every year. We'll get there if we just put our minds to it.
ora le puedes!
Running list of MF comps here based on numbers provided. Feel free to add.
Apollo: ~$325 Asso 1 equity
Ares: ~$285k Asso 1 equity
TPG: ~$300k-$325k Asso 1?
Carlyle: ~$250k Asso 1 equity
KKR: ~$250-$275k Asso 1 [credit/equity]?
Blackstone:
What are your hours like?
Won't disclose but MF: $150k base + 165k bonus + $30k sign-on for Associate 1 comp
Can you confirm if equity or credit?
Do you mind dm’ing me? Can share my MF as a reference.
I am an associate doing real estate credit at MF in London. My comp was around 300k USD all in. My friends at direct lending team got much better bonuses (200%) so their all in comp was around 400k. Worth noting that I work very similar hours to them - I would even argue that on average they have a better life work balance than I do but that’s purely due to the boss / culture in the team.
what are your hours like?
And are you ASO1?
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