REPE Raises?
Do you monkeys think the salary mania of the investment banking world will carry over to real estate?
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I hope
I hope it will. It’s always nice to get paid more.
Yea even if it's not half the IB bonuses, my wallets definitely feeling the inflation and getting no raise last year due to covid is biting in the ass rn
It’s not just IB, attorneys are getting the increase and even hourly rate workers. We in CRE are likely to get left behind.
i enjoy my work, but get tired of hearing what my friends make in other industries.
I’m an associate in IB and I am desperately trying to move to a reputable REPE fund that pays me $150k (likely half my current pay).
I give you this example, just so you see that money is truly not that fulfilling. If I got an offer from a reputable PE fund in the $160k range, I don’t think I would stay even if my pay was $500k at my current firm. Your pay truly doesn’t matter that much in your 20s
This is also an example of why the pay frenzy will likely not transfer over to REPE. If people are willing to take $150k paycuts to move to REPE, they probably don’t need to pay more.
Am in CRE. Got a pay bump during the IB mid-year bonus frenzy.
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