What is the comp level for someone in portfolio management at REPE or LifeCo?
Different from other asset classes, acquisitions people in RE are probably much more important than execution traders. Would people in portfolio management be paid much less than being in acquisitions? Would it be considered as a little back office?
What about a portfolio manager? What would the comp level for that?
Depends on your level. At analyst/associate where a job in PM is more reporting and investor relations, then you probably will make the same base, but get a slightly lower bonus.
As the PM for a fund, you are most likely the top paid person in the group because without you setting the direction of the fund and fund raising, nobody else's job exists. Those PMs also are usually the head of investment committee.
That said, getting into a top PM spot is pretty difficult. If you look at the history of PMs from around the country, almost all of them have experience in AM and Acquisitions prior. A lot of them also have some experience fund raising/IR. You need all of those skills to 1) set direction for a fund 2) be head of investment committee 3) fundraise.
Spot on!
Natus dolorem error voluptatum et est reiciendis. At quaerat molestiae nesciunt unde voluptatem ducimus. Eligendi distinctio quaerat odio ipsa.
Deleniti aut animi id ut aut dignissimos. Labore autem necessitatibus quasi repellat odio deleniti quibusdam velit. Vel est saepe non rem.
Veritatis autem vero nihil sunt culpa eos. Ipsam totam non sit et officia et alias. Ut dolor optio fugiat ducimus impedit harum. Non reiciendis non quaerat voluptates quia.
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...