Only --> Asset Management Comp + Income Progression
Hey Guys,
I'm a second year analyst in Asset Management. I wanted to share a page designated only for people who are currently in or were in Asset Management at some point to share their compensation history for the sake of learning more about what market pay is in various markets as well as how your compensation has changed over the years in this role.
I feel like many comp trackers vary way too much in roles, so I wanted to really narrow it down only to asset management personnel.
This would really benefit us when negotiating future bumps in pay in the future. For starters here is where I'm at.
Current Position: Analyst Firm Type: Private Equity (other choices --> REIT, Family Office, etc.) Market: National
Office Location: West Coast
Fund Size: $10B+ AUM
Typical Hours per week: 40 - 50 hrs
Comp: Year 1 Analyst: - Salary: $65k - Bonus: 5% - 10% Year 2 Analyst: - Salary $75k - Bonus: 10% - 20%
Lastly, anyone know what asset management personnel make at the VP, Director, or other top seniority level?
I recently transitioned into REPE from development at a GP. Focusing mainly on AM of distressed/value-add assets with some acquisitions work here and there. Had to be brought on as an "experienced" analyst but have had strong performance so expecting a bump to Associate 1 any day now.
Current Position: 3rd Yr Analyst Firm Type: Private Equity Market: National Location: 2nd Tier City (i.e. not SF/NYC) Fund Size: $20B+ AUM Typical Hours: 50-60 hrs
Comp: Year 3 Analyst: $100K Signing: $10K Bonus: 50-60%
Not in AM anymore, but here's mine as a senior analyst
Position: Senior Analyst Salary: $70k Bonus: 15% Market: National Location: Midwest (not CHI) AUM: $15bn+ Hours: 40-50
Current Position: Analyst (2nd year)
Firm Type: Private Equity
Market: Southeast
Office Location: East coast gateway
Fund Size: $3-5B AUM
Typical Hours per week: 50 - 60 hrs
Comp:
Year 1 Analyst: - Salary: $65k - Bonus: 20-25%
Year 2 Analyst: - Salary $72k - Bonus: 20-25%
Lol "east coast gateway" I think you're safe to say DC, Boston, or NYC on here
Current Position: VP Firm Type: REPE Fund Market: Midwest Fund Size: $2B + AUM Typical Hours per Week: 45-50 Comp: - Salary: $130k - Bonus: 40% - Carried Interest in each of firm’s fully discretionary funds + JV’s. On average this typically translates to an additional $125-150k in comp per year (obviously subject to deal performance)
Very nice considering the hours and assuming your Midwest location provides reasonable COL. How many years of experience do you have and how long have you been at the VP level?
Livin like a KING out in Ohio
Current Position: Analyst-1st Yr Market: Southeast Fund Size: $3-4B AUM Typical Hours per week:45-55 Comp- Salary:$65k Bonus:20%
Current Position: Analyst-3rd Yr Market: Southeast AUM: $20B+ Typical Hours per week: varies a lot, let's say avg. of 65 Salary: $100k Bonus: 30-40%
Current Position: 1st Year Analysts (out of college from a good school in state) Office Location: Los Angeles Market: West Coast AUM: I work on 1Bn but don’t know total firm amount Typical Hrs: 50-65 some times work weekends Salary: 75k Bonus: Not sure but I’d guess 10%
This is great. Bump!
bump
We already have an [expansive](https://docs.google.com/spreadsheets/d/1ZG2FIjkUJKxJDgqcc-56E4uLADlr3qe…) Google Doc stemming from [this thread](https://www.wallstreetoasis.com/forums/real-estate-compensation-google-…) as well as a [500+ post thread](https://www.wallstreetoasis.com/forums/what-is-your-compensation-in-rea…) - all discussing real estate comp.
We just want Asset Management only, the comp from other roles aren't what this thread should lead readers to.
Hopefully this ends up being a one stop shop for Asset Management people.
You can sort by role in the google doc.
Current Position: Senior Analyst - 2nd Yr (2017 grad with 2 yrs at current role)
Market: LA
Market Cap: $2B Public REIT
Hours: solid 50 hrs, sometimes 60 hrs
Salary: $75K (Yr1) $78K (Yr2)
Bonus: 10% capped
Current Position: Analyst (Starting soon out of undergrad)
Market: Midwest
Aim:$10b+
Hours: ?
Salary: Starting $75K
Bonus: was quoted 15k-25k.
Bump
Current Position: 1st Year Analyst
Office Location: SF
Market: National
AUM: 3 Bn
Typical Hrs: 40-55 some times work weekends
Salary: 65k
Bonus: Guessing 10-20%
Current Position: Manager
Firm Type: Pension Fund Manager
Market: Canada
Location: Toronto
Fund Size: $20B+ AUM
Typical Hours: 50-60 hrs
Comp: $110k
Bonus: 10-15%
How many years experience if you don’t mind me asking? MBA/CFA/CPA/AACI?
Current Position: Senior Analyst
Firm Type: REIT
Market: National
Office Location: Southeast
Fund Size: $8-10B AUM
Typical Hours per week: 40 - 50 hrs
Comp:
- Salary: $80k
- Bonus: 25%
How many years of experience?
3 in debt underwriting.
Current Position: Associate
Firm Type: Pension Fund Manager
Market: National
Exp: 5
Office Location: NYC
Fund Size: $2-3B AUM
Typical Hours per week: varies; 40 - 55 hrs
Comp:
- Salary: $110k
- Bonus: 30-40%
What was your comp progression like? And did you start at the same firm or worked elsewhere prior?
3 years in advisory + 2 in REPE AM. The comp jump to REPE was pretty significant relative to what i was making in advisory. In all honesty, its a pretty 'cushy' gig for the time being but I'm sure the deal guys my level are crushing it.
How did you make the jump to RE? I’m at a B4 now thinking about going into RE.
What is a B4? I was at in a RE advisory role for 3 yrs out of UG and had some of the basic skills to make the transition to REPE. If i had stayed another 2-3 years after I would likely be going for an MBA/MSRE.
Big 4 accounting firms - Deloitte/PwC/EY/KPMG.
Current Position: “Senior Associate” (next step is “Asset manager”)
Firm Type: Private Equity
Market: West Coast
Office Location: Tertiary city in California
Fund Size: $500M AUM but growing quickly
Typical Hours per week: Not sure, haven’t started yet
Comp:
$93K base + $7K bonus
Note: My situation seems too good to be true… I have a couple years of SFR rental underwriting and half a year at a top brokerage as an entry analyst.
Associate 1 (4 YOE)
west coast
$150k base + 50-100% bonus
got hired for $85k +25% out of undergrad
hours?
Current Position: VP
Firm Type: Private Equity
Market: West
Office Location: West
Fund Size: $20B+ between our different funds
Typical Hours per week: 30-40
Comp:
Salary + Bonus was 325k last year, base is higher this year so hope to do 350k+.
Good for you.
How many years of experience?
Current Position: Associate (2nd Year)
Firm Type: Private Equity/Family Office
Market: Southeast/Mid-Atlantic
Office Location: Southeast
Fund Size: $3-4B
Typical Hours per week: 40
Comp:
Y1= Base: $90,000 Bonus $30,000
Y2= Base: $100,000 Bonus Don't know yet
Interviewed for a Director-level AM role in the multifamily space recently. Sunbelt market (Texas, Florida, Georgia preferred). Comp discussions were about $150k-$160k with all-in comp around $205k-$220k.
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