Hello monkeys,
Was recently made an offer by one of the larger LifeCos (Met, Pru, NYLife) to join their real estate lending platform at the associate level.
The base was 90K with a ~35% bonus. I have 4 years of LifeCo lending experience.
My question is is this an appropriate amount or am I underpaid? All-in this is just about ~130K. Honestly I expected a bit more. Does anyone know what it looks like at the VP level?
I tried to check the real estate compensation Google doc but that doesn't specify if someone is a lender with a LifeCo or a bank.
Thanks in advance
Yeah seems to be from this forum that this is quite the low-ball. Damn shame
Hey, you've got ammunition now.
On a side note: absolutely sick of firms serving up borderline insulting offers to experienced RE guys. Its supply/demand I guess, but outside the economics of it all, one would expect RE investment shops to be smart enough to know that a happy/content employee is a good one. Happiness doesn't start and end with money but it's a damn good place to start. Top dollar attracts top quality. And don't tell me "oh starwood, carlyle and bs pay top dollar" big whoop. We are all making enough money to pay a 4-year associate what he deserves.
SHAME