There was a previous form on the RE forum that collected great data on salaries; I worked with the original creator to try to build some data validation to make it a little easier to filter/select and come up with comps that actually reflect something close to your role/region. Happy to take suggestions to refine further, but this has been very helpful to me, hopefully the additional validations help you as well.
Input form: https://forms.gle/4NpstSL8VbNQ8fgA6
Results: https://docs.google.com/spreadsheets/d/1oIonaMfMQ…
Results sheet is locked, but feel free to download for your own analysis. Message me or comment with any suggestions. Optimistic this can cut down on the number of threads asking about comp and become a better source for data. Obviously the form is anonymous, don't enter any information that could personally identify you.
Here's the link to the old database: https://docs.google.com/spreadsheets/d/1mpef67upmcI5LnRVxgdIxOptwn5AFRJ…
Based on the first 10 responses, I didn't realize half the users on this site were directors making >$500k per year
I always wonder if people fudge their numbers, which is funny in an anonymous post because you'll see someone crushing everyone else and 1-2 people who are just low to the point they should quit.
I worry that too many Directors and the above have posted, which will scare off Analysts. I'd be interested in seeing those levels now.
Ha yeah, I guess - idgas personally, it's anonymous. Just thought the first few were funny given the makeup of this site is probably not mostly directors.
I think you'd be surprised how many of us older guys still lurk on here. WSO has been around for a long time. The 3 back to back San Diego entries do seem suss though.
We have more time to troll on WSO now that we have analysts doing all the heavy lifting :)
Part of the reason I still lurk is this site was a big help for me on my path, so I'm just trying to pay it forward. And the older guys that still lurk provide some great insight from their respective niches.
Part of me wonders if the Real Estate forum is a reverse bell curve. Lots of young people, lots of old heads, and fewer in the middle.
Can you change cell L14 to $31,00? Apologies I mis-entered the data. Also, would be helpful to have a single total cash comp column.
Got it, let me know if it's correct now.
Do you mean a calculated column that's salary + bonus or another question on the form? Wanted to make the form as simple as possible/reduce inputs, but if that's helpful to avoid confusion, can make that edit.
I think you could just do a calculated column that is salary + bonus
No way the 3 back to back San Diego ones are real, right?
My guess was someone entered their previous roles comps as well but I also found that strange
Damn 5 people from Orange County/Irvine/Newport Beach?
Shoot me a PM and lets get coffee. I just moved here a few months ago.
This is an old thread but still interested in grabbing coffee? I live in OC.
I’d say I have a good feel for the OC market rates (and san diego), pretty skeptical of the high comp packages stated here.
I'm seeing a few of these entries that make me question them. I'll certainly be removing outliers prior to using these to negotiate anything.
If I was negotiating I would ONLY use the outliers but that's just me lol
The guy from the other thread about collectively raising comp in CRE is probably doing his part by adding these outliers in to help us all push!
--
Are Directors typically a higher rank than VPs?
Corporate - No
Brokerage - Same or Lower
Banks - Same or Higher
What about in REPE?
bump for more entries
^
^
This is great. If you haven’t submitted yet, please do so.
Anyone else surprised at the comp results? Would’ve expected to see some higher figures for mid-level, but also not many entries from 4-5 year range. I would expect development comp with 4-5 YOE to be consistently closer to $200-$250k but that doesn’t seem to be the case.
IMO it’s two things:
1. I imagine most posters here are young (22-25) or old heads giving back (37-40). The people who are 29 years old are fully in the grind.
2. Real estate comp is a hockey stick. I don’t think you make much more 5 years in than you do 3 years in, or at least I didn’t in development. The jumps come later.
I don't think so. $200k - $250k for 4 - 5 YOE of experience is only going to happen at a big shop and more likely in an acquisitions or debt fund role than development. Most development roles are smaller shops where there's no way they're paying someone with 4 - 5 YOE $200k - $250k cash comp. Maybe you might get there if you get a piece of promote and they end up hitting, but development shops just don't have the overhead to be paying an associate that kind of money in the form of cash comp unless we're talking some of the bigger players, and most people on this board are probably at small to mid size shops.
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