What is the typical salary range for a PRE MBA senior analyst or associate with 3 to 5 years experience at a boutique real estate fund doing acquisitions and Asset Management ? Various suggestions are welcome for salary and expected bonus range. Duties will include OM write up, deal brief write up, research, argus modelling, cashflow modeling, JV structuring, cold calling brokers and 3rd parties to get information for due diligence, etc. Please include years of experience and salary/bonus and your focus, acquisitions or assetmangement. Thanks!!
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With enough context/info, I bet i/we could get pretty close in terms of an estimate. 1. Would the job be in NYC?
2. When you say 'boutique,' are you referring to a low number of people, or do you mean there's a small amount of money in the fund?
3. Most important of all, and I hate to harp on this, but how 'prestigious' are the backgrounds of the people there? Are they HBS alumni who used to work at DLJ Real Estate? This will be your best indicator.
3 has been talked about before on here. These are all pretty standard indicators I'd look at to get an idea.
small fund with about $600MM in total assets. the company is based in washington, dc metro area with about 13 including Managing Partners and 15 backoffice staff. most of the owners went to decent schools without MBAs. they made money during the tech boom and began a real estate operation in the late 90s
I have a friend in the DC area who works at a fairly similar firm (they have about $1.2B)/position. He is making around $75-80k with 20-25% bonus.
Sounds about right. I would say 100-130 including bonus.
i wanted to throw up when i received the offer 70 ot 75k with 20 to 50% bonus as senior associate! not worth it!!! i make 84k base and 19k bonus last year. NEXT!!
3.5 years in real estate acquisitions / development and 4 years in corporate banking. transitioned out of real state due to the recession. i plan to go to grad school in the fall to get with an institutional firm. cost to pay the piper to get the job i want at a top tier firm!
I think that many people have unrealistic expectations of the CRE industry. The truth is, that most acquisitions gigs don't pay that well, when compared to traditional high finance.
I am just throwing this out there for any prospective monkeys that are reading this, because many people seem to picture REPE comp for instance, to be in line with general PE. You can do very well, but the big bump generally comes all at once when you get the big promotion, whatever the title (Partner, MD, Principal, etc.) may be at your shop.
Could anyone tell me how the salaries would differ in acquisitions or Asset Management? would i be correct to guess that AM would pay much less?
It depends (which i realize doesn't help). A good asset manager can get paid well and more than acquisitons. Some firms take there best asset managers and move them to acquisitions when it's ramp up time.
Hello, I think it depends upon the firm with which you are working. Some companies gives higher scale then the others.
Thnks......
No, thank you for digging up this old thread and giving such great insight.
Why does RE PE Acquisitions Get Paid Better vs AM? (Originally Posted: 03/12/2012)
Generally the acquisitions side has slightly better pay. I am not complaining, given that I am on that side, but why more than Asset Management? Investment resolution is key and I would think that AM would get more for controlling it.
Thoughts?
My first and more serious answer is that I have a hunch that the market rate for those guys is higher because they have the perfect background to walk away for a high-paying brokerage job. They have the contacts on all sides, they have the transaction experience, and so on.
Also, there are a ton of asset managers who just buy and hold with zero rehab or renovation. In such cases, my personal opinion is that they have a lot less to do with the success of the investment than the person handling the purchase and dispo/exit. Not to mention the luck involved, the rising or falling tide of the market. Again, just a possible argument that crosses my mind.
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