Research Analyst Compensation
What is the typical compensation for a research analyst in a specific asset for a big brokerage (Think JLL/CBRE/Cushman/Newmark)?
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Depends on the market. I have seen mostly 45-50k. This is for markets like Dallas/Houston/Atlanta.
I am unsure of what the comp would be in higher COL areas such as NYC,LA etc.
It's not that much different unfortunately. Probably a couple thousand different from lower COL cities. This is assuming fresh out of school.
So would you say markets such as NYC/LA are making 60k fresh out of school?
Yes.
That is criminal!!!!!!!!
Not really. Explain to me what value one is adding as an entry level research analyst? By entry level I mean no managerial duties, you don't know analysis/real estate very well, you aren't writing white papers/research publications, etc.
In big brokerages in Canada, it'll be around 40-45k. This is based on information that's a few years old, but I doubt it's increased much if at all since then.
Lots of brokerages have two kinds of research. If you're just pulling comps and ownership info id expect low 40s in a Dallas/Atlanta/Charlotte type city. If you're actually writing reports and doing real research closer to 50
I work at one of the big 3 and pretty much all the answers are right. Research is often times seen as a stepping stone into leasing, capital markets, debt and equity, V&A etc and people will basically take any pay to get into the door.
Comp sucks for RA's because there are a million people with identical resumes vying for the same spot.
I make >60K as a research analyst in NYC. This is my first job out of school.
Closer to 50K is probably more typical, but I don't think my case is all that rare for a couple reasons:
There is a push at some of the big brokerages to make research geared more towards analytics and report writing rather than administrative tasks, which can be done by assistants or brokers themselves.
The turnover rate at these positions is absurdly high and in some cases, JLL, Cushman ect. might have to offer a higher salary if they want someone with potential to stick around.
Last year I made it to final round interview for Research Analyst at one of the big 3 in a major west coast city, and was told $70k was reasonable. Granted the way the role was described seemed more mid level than entry.
It's either San Francisco, where $70k is equivalent to $40k elsewhere or, you are not talking about a leasing brokerage.
It's possible this was for a non-entry level role as he mentioned. Some of the senior research analysts/managers I know get close to 6 figures all in since they are writing white papers, coming up with topics for reports that brokers can use to discuss/analyze with clients, and also managing the junior folks.
$40-50k
It's Depends on the market.
Was offered in tier 2 city $50k. Was able to negotiate ~$58k
If you’re thinking of going JLL research, don’t. Great company, terrible research org.
That said... 63k first year analyst
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