Standard Pay Bump for Development Associate?
Currently at a small shop (6 people total) with $500mm of multi in the SE under construction.
Title: Development Associate YOE: 4. One year at current role and 3 years at equity group Base: $110k Bonus: 40% Co-Invest: $5k per deal
What would a standard pay raise be/what should I ask for?
From what I’ve heard about development pay, this sounds pretty decent. But if you are looking for numbers, I’d ask for $130-135k base with same bonus structure.
When should I expect to get some carry in deals?
Also, is $20-$25k bump in base every year the standard? Is there a topping out point?
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