London Bonuses

Based on the most helpful WSO content, here are some insights into bonuses and compensation in the real estate space in London:

1. Development Roles:

   • Bonuses in development roles can vary significantly. For example, one user mentioned a 20% bonus with no carry, which aligns with your experience.
   • Equity or carry is often not included at the junior levels but may be introduced as you progress and start running projects independently.

2. Real Estate Private Equity (REPE):

   • First-year associates in REPE can expect around £60k base with a 70-100% bonus. This increases to £80k base with the same bonus percentage in the second year.
   • Mega Funds (MFs) in London reportedly pay around £100k base with a 125-175% bonus, though carry is not typically included at the junior levels.

3. General Real Estate Finance:

   • Compensation at the pre-principal or VP level often tops out at £150k base with a larger bonus. Carry is usually introduced after proving your worth over a few years.

4. Investor Relations in Real Estate:

   • Bonuses can vary widely depending on the fund's size and success. For VPs and above, bonuses can reach up to 80% of the base salary, with some individuals receiving carry.

5. Venture Capital in Real Estate:

   • Associates in Tier 1 VCs in London may receive bonuses of around 100% of their base salary, with carry potentially worth high six figures for target fund returns.

If you're looking for more specific comparisons or details, feel free to explore threads like https://www.wallstreetoasis.com/forum/real-estate/what-is-your-compensa…</a">What is your compensation in Real Estate Finance? or https://www.wallstreetoasis.com/forum/investment-banking/no-bullshit-lo…</a">No Bullshit - London Bonuses.

Sources: What is your compensation in Real Estate Finance?, What is your compensation in Real Estate Finance?, No bullshit - London bonuses, London - How to invest my bonus?, What’s the deal with Investor Relations?