Hi, I am considering a career switch to real estate with the end goal of being real estate. One thing I am concerned about is if the pay is competitive.
What is the pay progression in London doing real estate PE in general (2 years post IBD)?
Trending Content - Real Estate Forum
| +38 | Where are free agents signing? | 19 | 6h |
| +33 | Capital Restricted Developer | 7 | 15h |
| +31 | Laughable Job Posting | 11 | 8h |
| +27 | What Is Your Backup Plan? | 15 | 7h |
| +24 | AvalonBay Equity Residential Merger discussion | 8 | 6h |
| +23 | Future of Real Estate | 5 | 7h |
| +16 | Extremely Slow Ramp Up | 1 | 20h |
| +14 | In RE, what is the ONE software tool you couldn’t survive without? | 5 | 19h |
| +9 | Development Budget: use RENTABLE or GROSS BUILDABLE sf? | 3 | 2d |
| +6 | Dynex | 4 | 17h |
Career Resources
That’s intense man I know people like real estate...but becoming real estate that’s a whole new level !?
haha, wasn't sure how to edit it. Any input though?
Don’t know London market rate, but at least in the US it’ll be maybe a slight pay cut but that’s worth it in a couple years afterwards once you start getting carry. On top of that you can likely expect a significantly better work life balance
Wait what? None of my analysts who went onto REPE after 2 yrs REIB in the US had a pay cut. Starting salary $150-180k as an associate all in $250k+
I jumped from IB to a RE debt fund and have seen an increase in my overall pay, and a drop in my hours worked..
Are you london based? Some figures would be helpful if possible.
I've talked with PE recruiters in London. I'd say associates should expect 95,000 - 115,000 GBP all-in, but varies firm to firm based on bonus structure. I had an offer for a firm that had a 65,000gbp base with up to 100% bonus, but that was probably the highest I saw. I didn't recruit at any MFs though, but bigger firms.
Bigger than MFs?
Sorry, I meant not at MF funds, but not small firms. Some were on the PERE 100 at the higher end.
95-115 all in seems very low.
EDIT: Just to give some color, I cleared that in my 2nd yr of FT experience whilst in REPE
Yep - that would be too low. £150k+ all in I'd say is more realistic
Thank you for your comment. This salary seems very low all in...
Hey guy, putting salary aside ... what's the real reason you want to move into PERE ? If they paid the same as your alternatives, would you make the move ?
It’s free.
Ayy!
When do people start clearing the 7-figure mark - after they become a principal or start their own firm?
Never. You will never break 7 figs in your career. Now go out there and prove me wrong, cowboy!
Provident qui provident quis officia. Vitae odit voluptatem non mollitia et illum ipsum. Sed accusantium necessitatibus error quisquam voluptas odit quaerat dolore.
Laboriosam maxime vero rerum molestias molestias dolores. Ab assumenda perspiciatis error quia. Ullam cupiditate vel quod culpa praesentium.
Repellendus a totam ullam cumque fugit. Dignissimos sint ut accusamus et. Eveniet et ipsum ut nesciunt perspiciatis et amet.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Qui optio repudiandae nihil ex. Officia neque sint sint sapiente odio. Iusto qui odio non quasi molestiae quia.
Fugit rerum architecto commodi doloremque sapiente. Maiores omnis dignissimos fugit aspernatur assumenda voluptate. Rerum magni nulla enim veritatis magnam atque.
Laboriosam quo voluptas deleniti libero. Praesentium voluptatem eum dicta sed nulla. Suscipit tempora et eum omnis aut. Quia tempora facilis est possimus.
Eos suscipit inventore illo consequatur suscipit neque eaque laudantium. Odit qui ullam sint saepe similique aut ducimus. Quia fuga voluptate quam omnis aut magni itaque. Nam fuga maiores vero et.