New York Life Real Estate Investors - Associate
Received an offer here and another small REPE shop and debating which one I should take.
I could not find much discussion about LifeCos on this website. I have worked on deals with a few LIFECOs but never New York Life.
Any insight into their team and any advice on potential exit opportunities would be great.
From the people I talked to,it seems like in NYLREI the juniors work on debt and equity across all asset classes.
Do you have specific questions or wanna share your background/goals?
What are some exit opportunities after LifeCo? Is it possible to jump to a MF?
I worked there. Amazing company. All offices are great. The team has generally worked together for 20+ (senior team) years so everyone treats people nicely and with respect. The hours will be good. You’ll learn a ton about institutional process and have great deal flow. It’s a phenomenal place to learn and cut your teeth. You’ll get exposure to debt / equity and many different asset classes. What office is the role in? And is the role within the ‘analyst pool’ where you work on debt and equity transactions?
exits will be good if you choose to leave. People will like your experience. Many people never leave which makes it harder to move up. But if you wait, they will find a way up for you if you are good. I left for PE and now work at a top developer in my city. DM me if you want to chat more. Always happy to chat offline
My comment was removed. I don’t know why. But DM me if you want to chat. Happy to talk off line too. I worked for NYLREI. It’s a great firm. Many people don’t love and my peers that started me with me - many are still there. You will get amazing training too and see lots of deal flow. Which office is this for and is this in the ‘analyst pool’? I left for REPE and now work at a top developer in my city.
It’s a good place to learn real estate. You can grow, meet smart people, and get good training. Try your best and keep learning!
Need help? You can talk to a real estate expert to guide you!
What does comp look like for these life co investment managers? Either associate or VP level.
I got quoted $130k base and 30% bonus for associate in NYC
I also got around the same
Seems very light for NYL at Associate level. I’ve heard of much higher numbers at other lifecos from family/friends.
Generally a 20-25% discount to PE in cash comp. No carry but they generally offer incentive comp that is supposed to mimic carry. You’ll get this as you go higher. Unless you are an executive, you’ll top out around $600-650K all in, including incentive comp.
First year associate at a Lifeco. Varies with bonus, but around $180. Pretty certain our junior level directors are around $300.
This is true. Junior directors / senior ass are in the $300k+ range. Big jump from associate. Not everyone will make it though.
It really depends on the company, their bonus/long term incentive structure and what market there in. In my experience, VP level guys in secondary markets are making $200k-$500K. Add $100k if you're managing a few people. Tier one markets add 25%.
What was your interview process like for NYL?
Pretty standard real estate investments interview, just drawn out. The process lasted about three months and involved roughly 10 people. Early rounds mixed technical and behavioral questions, with interviews becoming more senior as I advanced. Included the usual modeling test and technical questions.
Could you give some more color on the types of questions / what the modeling test was like? Did they give you a few hours or days to do it and what asset type? Really appreciate it and can private message if preferred. Also did you not take the role and if so, why?
Would be really helpful
Consequatur quis magnam ut magnam rerum ipsa blanditiis. Omnis commodi doloribus id reprehenderit doloribus. Fugiat animi quisquam enim voluptatum enim libero sapiente. Esse omnis voluptatem iste. Dolor et quod aperiam nisi. A laboriosam reiciendis non doloribus.
Facere id et beatae illum sunt saepe ab. Dolorem sit exercitationem rerum eos veniam tempore nesciunt voluptatem. Ex aut quia dolores dignissimos. Architecto dignissimos architecto ut quae quidem cumque enim. Voluptas officia quasi ipsum tenetur.
Quia voluptatibus eos ut quasi porro repellat. Rerum quaerat ut nulla. Cum et nesciunt placeat ipsa tenetur ut libero. Dolor distinctio ut et vitae quam vel et. Sint nesciunt nihil eos quae soluta. Nulla nobis quis ea error.
Nostrum temporibus eaque a molestias perferendis aut ex. Explicabo dolore et quidem dolores neque aut nostrum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...