Valuation & Advisory Offer

Hello monkeys,

Just received an offer to join a valuation group at a major brokerage (CBRE/JLL/CW) in a non-major market.

Comp is just over 50k base with a discretionary 30%ish bonus.

I have two questions:

1.) How does this comp measure up to those that have started in a role like this?For additional context, I have 6+ of somewhat unrelated experience. Not sure if professional experience counts for anything.

2.) My ultimate goal is to end up in capital markets at major shop in a major market. With all the entry level hiring going on, I can't help but feel like starting in valuation might be an unnecessary step to getting to cap mkts. Would I be crazy to reject and keep pushing for cap mkts?

Thank you all, your insight is appreciated.

The Best Real Estate Models Ever.

Free tools for building investor waterfalls and running demographics

Pre-build models for every property type

Simple, secure deal sharing for lenders and investors

Build portfolios by rolling-up multiple models

Lightening fast scenario analysis

Use our models, or bring-your-own

Comments (12)

Sep 24, 2021 - 1:28pm
monkeyseemonkeydoo, what's your opinion? Comment below:

I suggest countering. I worked in a similar role in a major west coast market at a big brokerage shop and, after negotiating, earned a 90k base with deal commission paid quarterly and a a target 20% annual bonus.

  • Analyst 2 in RE - Comm
Sep 24, 2021 - 8:50pm

Calling BS that this is analyst level if that's what you meant to claim. There is zero chance you get $~108k, not including quarterly commissions, as an entry level analyst. From what I understand, shops don't usually pay out commissions until you have your general/trainee license, whatever it is, and takes 1.5-2 years to get the necessary hours for the license. 

Sep 24, 2021 - 1:57pm
brassballs, what's your opinion? Comment below:

That offer is actually pretty good for a V&A analyst at one of the brokerages.  I think it would definitely help you get to capital markets, just make sure the appraisal group you join exposes you to institutional level properties and high ARGUS reps.  I would say do this role for a year then try to make the jump. Without much real estate knowledge it might be hard to go straight into capital markets.

Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
Sep 24, 2021 - 6:22pm
undescriptivecaribou, what's your opinion? Comment below:

Sounds like JLL. I had that job and compensation. You will not get a 30% bonus in year 1 but could get 50%+ in year 2. That being said it's still $75k. 80 hour weeks were the norm but when it was time to leave my options were plentiful which was surprising given what I had heard about appraisers on this site 

Sep 25, 2021 - 11:24am
blookup, what's your opinion? Comment below:

Thanks for the insight. Yeah people definitely trash appraisers on here, but everyone I've talked to in the business seems to view it as a solid starting point.

And 80 hours? Yikes. Not opposed to working 80+ hrs, just not for the offer they gave me….

Sep 25, 2021 - 11:48am
undescriptivecaribou, what's your opinion? Comment below:

It's exactly why I left. We couldn't WFH ever either (this was 2018). Was in the office 9am-10pm most days and was in about two Sunday's a month. I had friends join the police in the city I worked in starting at $70k and worked a flat 40. It sucked 

Sep 25, 2021 - 11:54am
blookup, what's your opinion? Comment below:

Yikes dude, that's actually interesting because most people I've talked to have said it's a pretty chill gig (and you're paid in proportion to that)

The one pro that the interviewer mentioned is having a hybrid schedule. 1-2 days a week in the office, with 40-50 he weeks.

Not to follow suit with "the great resignation", but leaving my current role for something that flexible sounds amazing

  • Analyst 2 in RE - Comm
Sep 25, 2021 - 11:53am

I'll give some insight. I have a quote to come on as an Associate with ~2 years relevant experience (agency lending UW) at a similar shop you mentioned, $80k+ base, and not sure the bonus figure but was told it will be $90k+ all-in. I think $50k base with 30% bonus is pretty good for entry-level. I was making $55k base and 30% bonus as a first year analyst in my lending gig. I would take the valuation job and see how you like it - you can move over pretty much anywhere after some valuation experience and might not even like cap markets. 

Most Helpful
Sep 25, 2021 - 3:06pm
redever, what's your opinion? Comment below:

Sed aut voluptas quia vitae quod. Voluptates itaque accusantium quia deserunt. Aperiam consequuntur qui et quos a. Quia velit quidem et architecto perferendis sit alias. Maxime sit cum est inventore tenetur sint.

Aliquam accusantium aut quo possimus veniam consequatur nisi. Repudiandae similique tempore ut aut. Esse corporis est est culpa laborum perspiciatis et nam. Consequatur in aliquam et rem atque animi esse.

Culpa qui voluptatem aliquid dolore sit et voluptates voluptatem. Deserunt occaecati iste vero laborum voluptas. Reiciendis aut et est illo ipsa ut.

Start Discussion

Career Advancement Opportunities

May 2022 Investment Banking

  • Jefferies & Company (▲03) 99.6%
  • Bank of America Merrill Lynch (▲03) 99.1%
  • RBC Capital Markets (▲06) 98.7%
  • Lincoln International (▽02) 98.3%
  • Houlihan Lokey (▲07) 97.9%

Overall Employee Satisfaction

May 2022 Investment Banking

  • Jefferies & Company (▲12) 99.6%
  • Rothschild (▲02) 99.1%
  • Truist Securities (+ +) 98.7%
  • Greenhill (▲06) 98.3%
  • Robert W. Baird & Co. (▽04) 97.9%

Professional Growth Opportunities

May 2022 Investment Banking

  • Jefferies & Company (▲04) 99.6%
  • Bank of America Merrill Lynch (▲06) 99.2%
  • Lincoln International (▲03) 98.7%
  • RBC Capital Markets (▲08) 98.3%
  • Houlihan Lokey (▲06) 97.9%

Total Avg Compensation

May 2022 Investment Banking

  • Director/MD (9) $661
  • Vice President (35) $399
  • Associates (179) $247
  • 2nd Year Analyst (109) $161
  • 3rd+ Year Analyst (17) $156
  • 1st Year Analyst (346) $148
  • Intern/Summer Associate (73) $146
  • Intern/Summer Analyst (272) $91