Seen a few threads recently on post-MBA comp at big-name developers (TCC/Hines/Tishman), and MF PE shops, but wanted to get a gut check from y'all on MM REPE comp post-MBA. Just got an offer in a HCOL city at $110K base with a ~50% year-end bonus. From what I've seen, this seems in-line with MBA salaries with zero industry experience - am I getting lowballed?Background: T15 MBA with 3 years RE merchant banking experience pre b-school covering institutional debt/equity deals. Interned for a well-known REIT last summer (think VOO, SL Green, WELL, Prologis, etc.) and hated my life lol. FWIW, also an international student, which has made recruiting in this environment even tougher.
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Hope that helps.
Not necessarily low balled. REPE pays much less than general sector or tech PE
Agreed. I’m more so talking about kids joining the development shops I mentioned and waltzing in with $160K comp packages… without prior experience
MCOL or LCOL MM REPE offers for post-MBA (no direct experience prior) are around $95k with about 30% target bonus from what I'm aware of. I wouldn't say you're lowballed, but I wouldn't take the HCOL offer knowing that standard of living would be significantly better else where.
MCOL or LCOL MM REPE offers for post-MBA (no direct experience prior) are around $95k with about 30% target bonus from what I'm aware of. I wouldn't say you're lowballed, but I wouldn't take the HCOL offer knowing that standard of living would be significantly better else where.
What specifically did you not enjoy about the REIT? Having been on both sides, they’re pretty similar aside from maybe less administrative/tracking tasks at the smaller fund. All this to say, you might not enjoy the acquisitions role anymore at a smaller shop.
I actually really enjoyed the role. It came down to company culture not being a great fit and there was tons of red tape around decision-making.
Mind sharing which REIT as I May be considering an opp with one of the ones you mentioned ?
Yeah, there is certainly more flexibility to maneuver through hoops with smaller shops. Sometimes, the larger players get caught up in analysis paralysis and require too much out of their IC packages.
Sure, shoot a PM over
That offer is embarrassingly low. They’re trying to take advantage of the current economic situation to screw you. You should push to get base up to around the average MBA base salary at the very least.
I’ve been lightly job hunting and haven’t even seen pre-MBA associate salaries go below $150k (thank you New York salary transparency law for helping us get good data points). $110k is basically first year analyst salary these days.
It’s a terrible time to be looking for a job but offering that to a post-MBA associate is a huge red flag.
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