UK Real Estate Fund (PERE 100) Comp and Hours

Based on the most helpful WSO content, here’s what you need to know about UK Real Estate Fund compensation and hours for PERE 100 firms:

1. Compensation:

   • For London-based REPE (Real Estate Private Equity) firms, first-year associates at mega-funds (MFs) can expect around £100k base salary with a 125-175% bonus.
   • Smaller funds may offer slightly lower compensation, with first-year salaries around £60k plus a 70-100% bonus, and second-year salaries increasing to £80k with similar bonus percentages.
   • Carry (carried interest) is often not included at the junior level in many UK funds.

2. Hours:

   • Hours in REPE are generally better than traditional investment banking. For example:
     • First two years: Around 70 hours/week on average, with typically no weekend work.
     • Post-AVP level (around year 4): Hours drop to 50-60 hours/week.
     • Senior levels: Hours can further reduce to 40-50 hours/week.

This structure provides a better work-life balance compared to banking, while still offering competitive pay. If you're targeting PERE 100 firms in the UK, these figures should give you a solid benchmark.

Sources: REPE compensation, PERE 100 2020, PERE comp table, Why do so few go into Real Estate?, Quitting to do REPE