Underpaid?
Making 70k base at a GSE lender shop. Am I being underpaid as a 1st year? Working in NYC as an analyst on the FHA underwriting team.
Should I negotiate?
Trending Content - Real Estate Forum
| +45 | latest on Shorenstein? | 10 | 3h |
| +20 | Probability of S2 recap returning equity | 9 | 2d |
| +20 | To the veterans: What was institutional dev actually like during the last bull run? | 8 | 2d |
| +16 | Development vs. REPE pay gap | 8 | 3d |
| +15 | PGIM Real Estate Equity Opinions? | 10 | 1d |
| +14 | How do I break into a family office role | 3 | 1d |
| +13 | PGIM RE vs. Eastdil Secured | 5 | 1d |
| +12 | MBA Pipelines for REPE | 10 | 1d |
| +12 | Reneging - What should I do? | 5 | 3d |
| +12 | Opportunistic Equity Acquisition Associate Role - Middle Market REPE | 1 | 1d |
Career Resources
Following because literally in an identical role lol. 1st year analyst in NYC making $70k in underwriting.
I did agency lending for a year before IB. You guys are only a little underpaid for NYC. Agency lending is not a super high paying business (at least at the junior level), people at debt funds, REPE funds, certain REITs/operators will generally make more on average.
I tried negotiating after 6 months at my agency lending job ($45k base several years ago in LCOL city) and it went nowhere. Your company likely has tons of analysts so they can’t give you a $10k raise without giving everyone a $10k raise.
I would try to land in a higher paying role elsewhere if making more money is a priority
Appreciate the insight. I work in underwriting at a LIHTC syndicator. Next month will mark a year that I've been there. I like everything about it so far and the business has definitely been picking up, just looking to get paid more. I plan on negotiating and getting my salary up to $85k-$90k. Feel like it's not a huge ask in this market and considering how much more expensive it's gotten within just the year that I've lived here.
Perspiciatis deleniti excepturi autem impedit. Quis in rerum vero qui ut necessitatibus mollitia. Molestiae nihil eveniet ducimus itaque. Voluptas possimus et exercitationem dolorem sunt. Temporibus asperiores accusantium earum dicta sit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...