RE Investment Analyst Comp - Netherlands
Hi all,
I recently graduated with an MSc in Finance, and I will likely join the company I am currently an intern at, as an Investment Analyst. The company is a REPE boutique, and they have asked me to join them. I am wondering what I should expect as total compensation for this role. I am based in the Netherlands. From the research that I've done, it appears that €4,000 per month seems like an appropriate base salary. However, I'm curious to find out about other people's experience, as the publicly available information is relatively limited. How about bonus structure, for example? I'd be happy to hear from you!
Based on the most helpful WSO content, compensation for REPE roles can vary significantly depending on the size of the firm, location, and whether carry is included. For a boutique REPE firm in the Netherlands, your estimate of €4,000 per month as a base salary aligns with what is generally expected for entry-level roles in similar markets. However, bonuses and additional compensation structures can vary widely.
Base Salary: €4,000 per month (€48,000 annually) is reasonable for an Investment Analyst at a boutique REPE firm in the Netherlands.
Bonus Structure: Bonuses in REPE boutiques are often less predictable compared to megafunds. While some boutiques may offer bonuses in the range of 20-50% of the base salary, others might be more conservative. For example, in other regions, analysts at smaller shops have reported bonuses that are not as competitive as those at larger firms.
Carry: At the analyst level, carry (a share of the profits from investments) is less common, but it could be a possibility depending on the firm's structure. If offered, it might not vest immediately and could take years to materialize.
Market Comparisons: In other European markets, such as Spain, base salaries for similar roles at boutiques range from €30,000 to €50,000 annually, with bonuses varying significantly. This suggests your estimate is on the higher end for a boutique in the Netherlands.
If you're negotiating, it might be worth asking about the bonus structure and any potential for carry, as these can significantly impact your total compensation over time.
Sources: REPE compensation, https://www.wallstreetoasis.com/forum/investment-banking/2017-investment-banking-report-8-key-trends-to-know?customgpt=1, Life in Acquisitions (Analyst/Associate), REPE is overrated, BB/EB compensation in Madrid
I’m experiencing some time in Amsterdam. The Netherlands is a beautiful country. Tourist places pricing is more similar to San Francisco prices for food. Not cheap. I think the pay differential at 48,000 euros vs a $70,000 entry level position is definitely a gap. However, I don’t know what your choices are and RE is an industry that doesn’t pay much early in your career.
Real Estate Observations:
I took a canal tour in the polder area near the tulips attractions and noticed the nicer houses are built on the high ground on the dikes (walls of the canal) vs in the low ground susceptible to flooding. The real estate prices along the dikes must be prime.
Water. Netherlands seems like a place with an over abundance of water. They are literally trying to get rid of water. But interesting that either climate change, drought is a problem. Must be a belief shock for someone who grew up in Netherlands that water is now scarce.
Hey man, started in the Netherlands recently in REPE, and got around €70k total comp. However most of what I’ve heard around is a bit below, between 55-60k total comp.
Interesting! Thanks for letting me know. Which asset class and how many YOE?
Cross asset classes and 1.5 year of experience
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