Newmark Offer

Received a job offer from Newmark in valuation and advisory. The team seems a little small and is mostly focused on retail/office valuation. The only issue I am running into is the pay. The offer letter says 21.67 per hour and the commute is rather far. I would be taking around a 20k paycut all things considered. I just turned 24 years old so I am still living at home at the moment thankfully. My questions/advise I am looking for is:

  1. Will the position prepare me for a role in maybe asset management or acquisitions later on?
  2. Even though the team is small, If i were to get on a fee split next month, would I technically receieve a significant pay increase?

Comments (3)

Sep 26, 2022 - 3:23am
Anon1235, what's your opinion? Comment below:

What do you mean valuation and advisory, are you working for a brokerage team UW retail/office deals? Are you a broker on their team making hourly plus split or are you an analyst making a base + % of whatever the team closes? Good to have a small team as you get more exposure to all the senior members hopefully and can ask them questions. 

Is a fee split included in your offer letter? If not, it's not a part of your pay even if someone says it is. Get it all in writing including % splits or it's not real. 

Sep 26, 2022 - 1:57pm
Jmrunk, what's your opinion? Comment below:

Not relevant to OP, but Valuation & Advisory = Appraisal.

Array
  • 1
Most Helpful
Sep 26, 2022 - 9:28am
redever, what's your opinion? Comment below:

Est voluptas saepe sint veritatis. Rem et enim natus nihil.

Quae aliquid pariatur optio error. Sit qui tempora sit delectus qui enim voluptatem. Alias quisquam id molestiae modi. Ut id nulla aliquid et asperiores ipsum et.

Sed quo iure maxime illo molestiae voluptatem possimus. Qui rerum voluptatem est totam exercitationem nostrum natus. Dignissimos vero ut quae ducimus rerum. Velit dolorum consequatur et. Blanditiis esse ea ea error.

Start Discussion

Career Advancement Opportunities

November 2022 Investment Banking

  • Jefferies & Company (▲08) 99.6%
  • Lincoln International (= =) 99.3%
  • Financial Technology Partners (+ +) 98.9%
  • Evercore (▽01) 98.5%
  • Bank of America Merrill Lynch (▲01) 98.1%

Overall Employee Satisfaction

November 2022 Investment Banking

  • PJT Partners (= =) 99.6%
  • Evercore (▲02) 99.3%
  • Greenhill (▲05) 98.9%
  • Canaccord Genuity (▲15) 98.5%
  • William Blair (= =) 98.1%

Professional Growth Opportunities

November 2022 Investment Banking

  • PwC Corporate Finance (▲14) 99.6%
  • Lincoln International (▲03) 99.3%
  • Jefferies & Company (▲04) 98.9%
  • William Blair (▽02) 98.5%
  • Evercore (▽01) 98.2%

Total Avg Compensation

November 2022 Investment Banking

  • Director/MD (10) $613
  • Vice President (38) $392
  • Associates (219) $256
  • 2nd Year Analyst (139) $163
  • 3rd+ Year Analyst (19) $160
  • 1st Year Analyst (463) $153
  • Intern/Summer Associate (88) $151
  • Intern/Summer Analyst (336) $92