MF Development Associate Comp
Trying to get a feel for market comp for a development associate at top 25 REPE developer. My shop is top 10 and our range is $125-135k + 20-25% which I feel is low today. I’m looking for backup to get it increased. I hear Hines pays $140k + 30%. I think Greystar is $125k + 25% but could be wrong. Any other data points?
Based on the most helpful WSO content, here are some relevant data points for Development Associate compensation in real estate:
General Development Associate Compensation:
Top Developers:
Market Comparisons:
Your current range of $125,000-$135,000 base + 20-25% bonus seems competitive but slightly on the lower end compared to Hines. If you're looking to negotiate, the Hines benchmark of $140,000 + 30% could serve as a strong reference point.
Sources: What is your compensation in Real Estate Finance?, What is your compensation in Real Estate Finance?, 2017 Private Equity Report – 8 Category Highlights
Depends on what market you’re in but the base seems inline, bonus is probably light. A friend interviewed at wood and was quoted $130ish plus $7.5k milestone bonuses, which I think hit around three times throughout the lifecycle of the deal. Are you hiring? Would be interested if so.
Appreciate the data point. Major SE market. Unfortunately not hiring, trying to make the case to right-size current associate.
must be nice having an MD asking for data points to try to raise your comp.... Not my MD
115-150 25-50% depending on shop... total comp at 155-185
2 years ago before promotion was 2nd yr associate MF debt and we were at 135K + 10-15k deal flow bonus and 25% bonus. For Originations and prospecting side, had multiple people come over from Development to join Originations. Bunch of Agency and non agency MF lenders are picking up hiring for Originations, M&T, JLL, Cap One.
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