I was quoted 85k + 20% bonus for an investment analyst in tier 1 city. They are looking for 1-2 yr experience. Is this normal comp???? Thought it felt low….especially for PGIM. My buddy in Chicago is 2 years in his CRE career and is making 100k base at a capital markets shop with 20-40k bonus.
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welcome to real estate. pay is ass. HR girlies make as much if not more by sitting on video calls all day and talking about their feelings.
PGIM pays low for junior people but it’s the type of job that will lead to good things elsewhere. I would personally take it and lateral to a higher paying firm as soon as you can. Maybe wait two years and see if you can get an associate title. Associate at credit funds could be as high as $250-$300k. But gotta put in those two years at pgim.
Also want to be clear - this is with their debt fund and not their agency lending team right? Agency lending will not give you the same exit opps
I know it’s hard to understand at your age but you and your buddy both make essentially no money so it doesn’t matter. Need to think longer term. Who will be in a better position to land on a reputable debt fund job in two years - you or your buddy? Capital markets is not a skill set that gives you nearly the exit opps that investing does
That makes sense honestly. Just I guess was curious why a big difference in junior pay. But I honestly thought capital markets is well respected, and you could still get into a good credit / investment platform after capital markets? His role is debt and equity, would that be better than investment sales?
Capital markets is a great job. It can definitely lead to working at a debt fund and I know people who have done that exact path. But firms will always prefer to hire an analyst from another debt fund who already knows how to do the job over a broker from JLL. General RE experience is good but RE investing experience is better (if you plan to work on the private equity or credit side long term)
And yes you are correct, debt fund - not agency.
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