Pgim Real Estate CEO Comp? PMs? Division leaders?
Curious if anybody knew how much these guys and gals are pulling? Do you guys think that some sector heads like AM for Multifamily might be pulling $1mil?
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Used to work at a competitive Life Co. If I had to guess, (and these are just guesses, I have no clue but it’s real fun to guess!) the head of the group was making $3MM-$10MM per year. The senior executives were probably making $1MM-2MM and than the group heads of acquisitions or asset management were probabaly a $750,000 number.
I’ll also add, I highly doubt a sector head is pulling in $1MM. But you never know. You need to remember that $1MM as a W2 employee is a truckload of cash. Most people will never make that and to do so based on salary and bonus, you generally need to be a very gifted employee or high up on the food chain.
I know it’s not the same, but look at large public REIT executives.
If you’re head of office asset management for a large portfolio at a LifeCo, you could probably run the portfolio of an equivalent sized office REIT as well.
So if a $4bn office REIT is paying their head of AM $1mil, that’s a good comp
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