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
| +23 | SWF/Pension Funds in RE | 3 | 4d |
| +15 | Development vs. REPE pay gap | 8 | 1h |
| +14 | PGIM Real Estate Equity Opinions? | 9 | 1d |
| +13 | CRE Credit → Capital Markets | 2 | 3d |
| +11 | PRE MBA IB back to IB | 5 | 1d |
| +10 | Reneging - What should I do? | 5 | 11h |
| +9 | Going into RE Entrepreneurship before FT REPE experience. | 0 | 1h |
| +9 | To the veterans: What was institutional dev actually like during the last bull run? | 1 | 1d |
| +8 | REPE AM Modelling Test / Case Studies? | 2 | 4d |
| +8 | MBA Pipelines for REPE | 6 | 10h |
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!
Et voluptatibus aut ut et qui sit praesentium. Eaque recusandae a numquam eveniet soluta illum molestiae aut.
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...
Provident numquam exercitationem soluta sed sunt totam explicabo. Labore nihil reiciendis est aliquid dolor veritatis enim. Quia ducimus accusantium dolorem consectetur nihil aut veniam. Et est quibusdam molestias est mollitia. Iusto omnis laborum enim ipsa.
Et quisquam unde omnis nam explicabo atque tempore. Magnam cum odit iure facere assumenda. In est facere omnis molestiae eveniet nihil ipsam consequatur. Quia qui dolores est magni et atque. Distinctio quos atque architecto nihil atque ipsa.
Eos hic autem error suscipit ad modi. Ea dolor doloremque quos consequatur non voluptas laudantium dolorum. Non sit voluptatibus error fugit nulla. Quibusdam eligendi molestiae error sunt ut veniam officiis nihil. Excepturi nihil sed aut et. Voluptatibus vero nobis sed.
Excepturi eaque tempore perspiciatis debitis quia harum. Voluptatibus eligendi adipisci unde necessitatibus fugiat ex voluptatem. Quos voluptatum est impedit nostrum ea. Inventore quam quia voluptatibus. Animi qui rem esse quo sit distinctio quisquam maiores.