NYC AM VP Comp
Trying to get a realistic read on VP-level asset management comp in NYC.
I’m currently an Associate with about 7 years of experience across REPE, a top developer, and now a REIT doing AM. My comp is around 160k base with a ~20% bonus, which feels light for NYC given my experience. I’m generally planning to stay put for another couple of years before trying to make a jump, but I want to understand what the VP market actually looks like.
For those in VP AM roles (8–10 years experience), what are you seeing for:
- Base comp
- Bonus ranges
- Total comp
- Any carry/promote/LTIP
LinkedIn and recruiters keep floating ~200–225k bases, but with how slow things are, hard to know how real those numbers are.
Would appreciate any real datapoints from VPs at REPE shops, REITs, or developers. Just looking to get a sense of what a realistic step-up looks like when the market eventually loosens up.
Thanks
Large REPE funds pay 350-400 for AM VPs. You are severely underpaid.
2nd this.
Yes but there's a meaningful discount between large funds and middle market players, even those MM funde with several 10's of billions.
$200k-$225k base seems to be typical VP comp in this market for a middle market player in a T1 city. Add 10% for NYC specifically.
VP at a smaller, non-institutional shop probably tops out at $200k and sits closer to $170k-$190k base. Again, slap 10% for NYC.
Thanks, that’s really helpful. For MM shops with $200–225k base, what kind of bonus % do VPs typically see, and what does total comp usually work out to? Any examples of the types of firms you’re thinking of would be much appreciated.
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