What Roles In CRE Can Make $400K A Year?
I’ve been working in real estate for almost 10 years. And it’s been pretty tumultuous for me. Wondering if I should stay in at this point. Thinking about transitioning into the medical field as I think about this decision, I want to know what role I could I could focus on CRE that would guarantee me $400K a year?
I don’t really think there’s a role like that. But just wanted to ask folks on the WSO are there any roles that can guarantee $400k a year. Yes, I already know you could start your own brokerage or do development. But I’m talking about roles where there aren’t serious start up risk. Just thought I’d ask.
what role are you currently in with 10 YOE? there are plenty of roles that come with a "guarantee" of 400K after you're 15-20 years in, but they're usually front-facing and you aren't just punching a clock while that 400K hits your paycheck every two weeks
Development and underwriting of multifamily.
What is your current comp? I would think that a VP/Director in development with 10 years experience would be making at least $400k+ between base, bonus, carry
Acq jobs pay that much or more
Most institutional funds pay their sr associates/VPs ~$400k all in. Highly competitive and highly cutthroat. The higher you climb in these orgs the more you can make (obviously), but it is a long road to the top.
Many folks will spin out and start their own firms which can be more lucrative if you can raise capital and execute over the long term.
You should be making 400k if you last 10 years on a good institutional brokerage team easily
If you last doesn’t make me confident.
That’s simply how life works. If the sheer possibility of failure makes you nervous, you’re going to have a tough time.
Bank lender, but it takes time and immense patience.
Thanks for all the comments. Nothing said here makes me confident in CRE for me. It’s been a good run. Learned a lot but I have certain mandate for the type lifestyle I want to live at old age and real estate isn’t making sense. I’ll always find ways to invest in it but working for someone in this industry has truly been meh at best. Training has been subpar, mentorship from the old guard has been mediocre, last but not least the pay has been just trash. Empty promises and non existent growth. Good luck to those dedicated to this profession just remember there are only so many seats, market conditions are turbulent, and there will always be another sucker willing to take the low pay which reinforces stagnation in CRE pay……
I feel you dude but wait till all the CRE/RE gatekeepers start attacking you here lmao. RE iS a GrEaT pAtH to WeALth.
Nothing the person you’re responding to is incorrect or anything. It’s a shit time in the market and the career path isn’t for everyone. No reason to attack someone for shifting to something else.
Meanwhile, if someone says “RE sucks,” and a bunch of people happened to respond “No it doesn’t,” that isn’t gatekeeping. That’s just a difference of opinion. You preemptively fighting back against made up comments, however, is a strawman argument, which isn’t particularly useful.
You called it. The attacks have begun. Through all the fluff and attack on my assumed work ethic, experience, and background I found the data points I needed. Some of us have perspective of others and some of us think our perspective in the right in all situations. My situation is not yours and vice versa. I simply asked is there a guaranteed route to 400k and the answer is pretty much no. Good luck to you all on however you choose to move forward.
Hate to break it to you but you are essentially in the credit department of your firm. When you compare yourself to PE or whatever else you jerk off to, you need to compare yourself to a director of the credit department of that firm. Probably slightly more pay since CRE underwriting is substantially easier and cookie cutter.
There are lots of finance jobs that allow you to get rich without taking risk. With the exception of brokerage, they aren’t in CRE. But the richest CRE people are way richer than basically anyone else.
Unless you take into account the people in private equity. They make a lot more at every level
this is either completely false or a gross generalization…
"Richest CRE people" is out of reach for essentially everyone reading WSO beyond an undergrad from a HNW family with connections. It's kind of like saying go into tech, see: Gates, Bezos, Musk, etc.
Someone that’s see the writing on the wall….
I mean... sure, not everyone is going to be Jonathan Gray. But that's not really a fair data point - not everyone is going to be Jamie Dimon, either, and yet people go into finance with the expectation of making lots of money.
Yes, real estate is similar to tech in that you only build generational wealth by taking some risk and having ownership. That's how the world should work. The fact that it's relatively easy to go to Wall Street and make low to mid 7 figures for doing nothing of value and taking no risk is an aberration, not an expectation. Complaining that the world isn't going to hand you half a million dollars a year just for showing up is a pretty gross disconnect from reality.
Where are you located? After 10 years you aren’t clearing 400k? There’s people clearing 400+ at REPE funds in NYC after 5-6 years.
How many seats are there for people to make this type money? We got to get real about the low potential for pay. Social security is a joke. Health insurance is joke through most of our jobs. If you’re not working decent health insurance is uber expensive. God forbid you have a health scare. I need to guarantees not luck.
I mean how many seats are there in any industry that clears $400k and is "easy"? In the medical field doctors require 4 years of med school, another 4 years of residency and prob another 2 years of fellowship and not all types of doctors make $400k. Also, residency is arguably worse than banking hours. In traditional finance you need to be in IB, PE, HF, or IM and even then there are few seats relative to the amount of competition. IB/PE hours are brutal, HF is risky, and IM isn't exactly a walk in the park either. For SWE, well that industry is currently a sinking ship and the demand/pay for SWE is about to take a huge hit due to higher interest rates. Computer science also isn't the easiest skill to master. As for law, most lawyers don't make shit. The ones that do are working at the top corporate law firms, so there aren't that many seats there either, not to mention that lawyers have certain billable hours they need to meet each year, so even if you are "good" at your job and finish tasks quickly, you still have to meet those billable hours. Corporate law hours can be worse than banking. Lastly, there's consulting which is pretty comparable to banking. You prob need to be an engagement manager or associate partner to be clearing $400k and at either MBB, the big 4 audit firms, or the tier 2 consulting firms (LEK, Oliver Wyman, etc...), so these seats aren't super common either and hours are only slightly better than IB plus all the travel.
No job is going to pay you $400k to work 9-5 twiddling your thumbs. You either sacrifice your life and work crazy hours, provide some type of value or skill that relatively few have, or take risk. Pick your poison. I'm kind of surprised that you haven't figured this out after 10 years of working. Whatever medical field you are planning to move to I guarantee involves one of these or else you would have switched years ago. Who wouldn't want a job making $400k that requires low hours, no risk, and general skill sets
You seem to have it all figured out. I have to assume you make 400k right? Just make sure to pass the knowledge to the younger folks when they reach out. They need more mentors like you. Thanks for the comment.
Not sure why you are pushing back on Fred’s comment - he’s fairly spot on. In the general population the vast majority of people don't even know anyone that makes $400k/year. Most never hit $100k/year themselves. If you’re gunning for a $400k/year job, you’re competing with highly talented, skilled, and/or risk-taking people. Provided it’s not a nepo hire (which means you weren’t really competing for that role to begin with), those don’t just get handed out - they are earned as Fred outlined - via schooling, networking paying off, sustained achievement, being the needle mover, etc. $400k+ is a large sum of money annually, that’s well into the top 2% of all earners nationally. From my purview of hiring, developing, and mentoring many people over the years, transaction-related Real Estate roles provide a path to a $200k+ annual floor, and then growth from there is up to the individual’s talent, resourcefulness, and drive. That floor though is around the top 5% of earners nationally. I can’t think of another broadly defined career path that provides such a floor, and that’s why so many people in the industry vouch for it. You talk about guarantees, and nothing is ever guaranteed in US employment (we’re at will), but a career in real estate is as close as you’ll get to one that guarantees a place in America’s Upper Class (that’ll we all totally claim is just Upper-Middle class).
I'm a realist with deductive reasoning capabilities
I make way more. I chose the "risk" and "valuable skill set" poison
Feel free to take a look at my comment and post history.
Why bother to solicit advice or opinions if you aren't willing to listen?
100% correct. All of these people responding saying its easy to get a 9-5 job and pull in $400k because they worked 10 years is not true at all. Even SVP or EVP roles at major banks on underwriting teams dont pull in that money, they're maybe at $300k or so. And theres not alot of these positions available.
If you want to make $400k+, you need to be in some sort of client facing role or value add role where you bring in business for your firm. I've said this numerous times to people who keep saying they're jealous of me and want to do CRE and they think analysts are pulling in $300K a year for just underwriting multifamily. Very far from the truth. If you want a stable and high salary while not focusing on sales/clients, do medicine.
Well said
I’m not exactly sure “how many seats” there are but I will tell you more than you think. It’s eye opening when you start talking to recruiters and understanding which firms pay really well and no I’m not just talking about the blackstones. There are smaller REPE shops, that compensate appropriately.
What medical field do you think you're making 400k in? Becoming a practitioner? You're 7+ years out from finishing residency, 14+ years from having your loans forgiven. If you're talking medical sales then that's a sales role that isn't unlike a sales role in CRE.
Lol 👍🏾. Thanks for the comment. Not going to get into the specifics of my path for anonymity and this is a RE forum.
I just wanted to gut check my thoughts on real estate pay and the path to get there. Good luck to you!
Wife is an MD. She's making that much and working 4 days a week. Her total student loans were about $300K for med school. She paid it down fully in two years.
OK, well, this doesn't actually tell us anything about her cost of education, right?
More to the point... lets say OP is making $250,000 a year. Ten years of education/residency/etc to become a doctor means $2.5mm in foregone revenue, minimum. Plus another $300,000, taking your wife's number, brings the cost of transitioning to being a doctor (obviously not the only possibility for "medical field" of course) at $2.8mm. Even if we assume OP makes $500,000 a year from the moment he starts practicing, it'll take him 11ish years to "pay off" his cost of a career switch. Assuming he's 32 (10 years of experience), that means he's in his mid 50s before he starts seeing the rewards of his decision to switch careers. None of which takes into account the increased stress or worse WLB that comes with being a doctor.
I can understand that if you’re obsessed with high W2 pay CRE might not be for you.
I’m just confused how medical industry would be better?
Outside of true entrepreneurship and coming up with a product that you can make and sell, I think CRE is by FAR the best industry/path to making serious $ long term without having any money up front AND still being able to have a good lifestyle.
the problem is it won’t be in W2 form, and it’s a longer horizon.
Honestly, you either have to be very senior, or have real equity risk (e.g. be an owner).
There aren't very many roles in general in which you get guaranteed $400k a year without startup risk. Finance, basically, or 10+ years of consulting. In other words, places where you trade your time and quality of life for an amazing paycheck. That's sort of it.
Also, what does "transitioning into the medical field" mean? Becoming a doctor? You're gonna go through another decade of expensive schooling in your 30s, in order to maybe make $400k a year? The average expected value there has to be far lower than any real estate role...
Ozy. I’ll respond to you because I respect your comments and insights. CRNA would take me 5-6 years max. Minimum start anywhere in the country is $250k in an industry that is begging for folks and has real demand going forward. if I were to forgo insurance and benefits, could easily be pushing $350K +1st year out. This is not even talking overtime pay or working at another hospital. Pay only goes up with every year of service. Another thing most people don’t realize is that to become CRNA . You have to work one year in ICU or Emergency room. During that year could easily make $120-$150k depending on your hustle. And when you complete your CRNA hospitals will have you come work for one to two years and pay off your student loans. How do I know all this for sure, both of my parents were nurses and have a better retirement than most folks people that have family in the U.S. for generations.
Also to everybody thinks they know so much about consulting my wife works at Bain. She’s just got promoted to senior manager after 3 1/2 years. During this time she had a 5 month maternity leave. Her base is now $220K, bonus is around $90k, and profit share is anywhere from $30K up each year. If the economy wasn’t $hit, she predictably be making over $400K now. At 10 years, you’re really wondering if you could get to $1 million in a year.
So you’re probably asking why would somebody in my position even think about the medical field with a partner like mine. I’m just a little more risk-averse. Wife is absolutely killing it. But you never know and like I said, I have a certain lifestyle I want to live at old age. I don’t want put anything to chance.
Also very eye-opening for me over the last 2 years was my mother having breast cancer. As well as they’re doing in retirement, if they did not have a pension and great guaranteed healthcare through their employers they would have had to sell everything and asked me for money! These are folks that probably gross $300K in mailbox money a year, McMansion with sub 3 interest rate, full healthcare, etc.
Also to be frank didn’t want to interject race, but it is a real thing here in this industry. As a black guy and first generation Nigerian I’ve faced so much discrimination that I’m I just over it. I’ve been passed over for positions I was adequately qualified for even discriminated against when trying to buy certain pieces of land or houses. With all that being said, probably will be a paper millionaire from 401k in less than six years. Own two properties and will continue to buy when it makes sense.
Some of you guys are right, client facing roles make a lot of money, but there’s something to be said about having the same cultural background to close a deal. I literally know of one black person crushing it in an acquisition role/brokerage role. When finding the good deals it’s is less about dollars and cents and more about do I want to sell/work with this person. As we’ve seen this last election cycle many folks don’t even want work with people from diverse backgrounds. I’m not here to complain about it. Just an observation, no reason to fight it. I’m just trying to live my life. If that means retooling so be it. I’ll take my abilities elsewhere. That’s the only reason I’m giving it any thought.
Didn't realize registered nurses made that much!
Look, you should do what will make you happy. It sounds like you have qualitative reasons/complaints for wanting to get out of real estate, and who can gainsay that? Life is too short to work a job that is soul-crushing just because you think it'll pay you $400,000 instead of $350,000. At some point the money becomes less important relative to the quality of life, and it sounds like you have other reasons for wanting to make the switch anyway.
I think we may have met. Did you used to be a debt broker?
Not going to lie, CFO at a RE firm. Make $400k base + carry incentive. Pretty low risk, stable job in the right scenario. High stress, but no higher than banking where I came from.
You could be a regional manager at Walmart and make up to 600k per wsj. I’m sure your skill set could translate well
Mega fund Associates and VP pull in $400K base + bonus regularly, but even the bonus piece is not "guaranteed", could be $200K one year and $100K next year.
IF you're in the institutional world and in a big city, $400k pretax RE jobs are a dime a dozen. $400k is an associate 2-3 salary at my firm depending on group, and there are double digit of those, and that's not even counting sr associate, vp, director/principal, MD, partner levels above. I'd wager to guess most of the PERE 100 / 200 firms pay $400k at least starting at VP or director/principal level, with a portion starting at the associate / sr associate level like mine. add in similar firms that are not included on the list: big developers (related/hines), big reits (vornado), big family offices, SWFs (GIC), canadian pensions (CPPIB), HFs dabbling in RE, senior commercial bank relationship lender - and the number is even higher. no, getting one of these jobs is not your average, run of the mill outcome. but saying that $400k+ jobs are rare is also not true.
Bingo
Would probably be boring as shit but you can easily clear $400K if you’re like top 5 people in corporate RE department at a F500. WLB is also pretty tasty from what I can tell.
That seems a little far fetched for a corporate real estate role to pay that much but i guess being THE top person and at a company like FAANG probably might make money like that. Otherwise, I expect the vast majority to be somewhere around the $200k which isn't bad considering what the work life would be like.
I've got the same question myself, OP. My required threshold is a bit lower but I do believe those roles are out there but the ability to access them are just too far out of reach because of things like pedigree or experience.
I definitely agree with some of the others on here that megafunds can be that path but i feel like this path really relies on pedigree and experience way too much. Ivy league education, IB experience at a bulge bracket and then somewhere in between as an associate before nearing a VP status at a megafund. some have talked about associates making $400k which seems absolutely absurd for "associate-level" work but i guess this is the world we live in. I didn't unfortunately start in IB so i feel like i'd have to work my way into that either through network or more likely rebrand myself through an expensive MBA program.
Besides megafund roles, i can think of brokers making $400k and then beyond that on the buyside people who are major shakers and movers of business to be the ones raking in the big dough. When i tell myself that, it seems attainable but there's just not consistent earnings year-to-year and i don't think i'm a strong sales-y person who can bring in a lot of business regularly.
I can personally empathize with you OP in that i have a similar number of years of experience in the industry and most recently worked in development the last few years. The jobs that truly pay well and provide an overall good experience (pay, wlb, benefits, peer relationships) are far too few in existence. I'm on the west coast and the offerings are decently competitive in general for the work and time it demands. It seems like some employers are putting high consideration towards those with MSRE/MREDs but the comp is not growing fast enough relative to the educational costs. It's really making me consider other options at this point as well.
I, too, have been dealing with a sick parent, at one point both parents were sick with cancer but one managed to fight it and has been cancer free for two years now. The other is still undergoing treatment and witnessing that has personally made me reconsider my priorities and what i need out of my career. Right now I am making a plan to move to another industry of work, something particularly lower stress for the work it demands, but i still do want to pursue deals on the side in some way just to create another income source or build more wealth for myself.
I always laugh when I see people talk about brokers making money. My man, well paid brokers make orders of magnitude less than well paid developers. The difference is that brokers, who have no real value add, are highly incentivized to advertise their earnings, even exaggerate them, as part of a process to drum up new business, whereas developers/owners/etc aren't. And as a corollary, broker revenue is famously lumpy. Mr Broker might make $500,000 in 2021 and then make $100,000 in 2022, 2023, and 2024. Of course he'll trumpet his banner year, and that's what will stick in the memory, but really his earnings are $200,000/yr.
There are plenty of roles in CRE which pay 300-400,000 a year. Generally speaking, you don't get there unless you've been in the industry a while (10+ years) or are bringing in a lot of business and thus getting a lot of carry. This site in particular is filled with teenagers and college students who are extremely focused on maximizing their earning potential from the age of 22-26 and not thinking beyond that, so it's not surprising that the focus is on where the best analyst salaries are, but I'd hesitate before taking most WSO users' advice about career paths, including mine, since no one knows what anyone else's priorities or personal life situation is. Plus, you know, most people on here are at the very beginning of their career and their knowledge of what that will look like in their 30s or 40s is basically them fantasizing in bed at night or guessing what their boss makes, and not them looking back.
Agree with Ozy. Are there brokers who make $400k+? Even millions a year? Of course, but these brokers are in the top 1% and 0.1% and certainly not the norm. Assuming a broker takes home 2.5% of a sale (the percentage is even lower as the deal size increases btw) and the brokerage takes 35%, a broker would need to do $25mm in sales a year to make $400k. It is incredibly difficult to do $25mm of sales a year and especially on a consistent basis. You would need to sell $2mm of real estate a month. Most brokers struggle to even sell $2mm of real estate in a year, let alone every month. In order to get to that level you must constantly be working with real estate investors and developers who are constantly buying and selling and become their preferred broker. However, most of these investors and developers already have a preferred broker. The problem with the real estate brokerage industry is that you are a COMMODITY. There is no higher education, risk, nor significant value add or skill, no barrier to entry that distinguishes you from the thousands and thousands of brokers. It's kind of like the gang banging industry if you read Freakonomics. Everyone only thinks about making it to the top and being the mob boss, but realistically you will just be a foot soldier barely scraping by. Furthermore, OP is looking for stability. Starting off in real estate sales is literally the opposite of stable. I'm sure there are many job in CRE that make $400k all in, but brokerage is honestly somewhere at the bottom of the list of jobs that I would recommend to anyone
Sorry when I meant "I can think of brokers making $400k" i should have been more specific in saying that i know of specific people who are debt brokers making that much. And I am not an idiot, I know it fluctuates for them year-to-year. I worked for a debt brokerage earlier in my career in a back office accounting role and I saw what a lot of the splits were. Most were at 50/50 but if you were a rockstar you were getting a much better split. On top of that, if you did well and became a partner in the firm you would also be taking home partner checks every quarter, so I did see quite a few breaking the $400k threshold in earnings.
.
Seconded. Investment Sales and Leasing brokers as well. Investment sales will have more ups and downs from what I've seen as you're more at the mercy of interest rates and investors, vs. owner-occupiers on the leasing side.
You can hit (maybe) 400k on top end near the end of your career in corporate real estate, bank, insurance, credit, etc. but to be honest its on the high end and you'll be 65 lol.
You can hit 400k as a director, or ED. Feel like directors/vp(level after associate for clarity) hit ~$300k-$400k for commercial CRE/banks/lifecos. You should hit this by your 30s. The next bump is 5+ more years if ever.
Anyone can make $400k for a couple of years.
The better question is how someone can make $400k for 30 years.
Good luck.
Don't be a doctor man. My dad is one of the top 3 highest paid surgeons and he always tells people its not worth it anymore. The glory days of medicine have passed us. Stay in RE or at least try to do some sort of entrepreneurial endeavor. The student loans aren't worth it for the compensation.
I was wondering why OP would use $400K as the goal?
With a combined 40% (Fed/State) tax and say $140K annual cost of living (give or take), we’re looking at an after tax savings rate of approximately $100K at that level. Could be $100K-$150K depending on spending and tax advantaged retirement accounts.
Nevertheless, to save $3MM, would take around 20-30 years (obviously compounding your savings along the way will grow that).
Here’s a perspective. Consider the adage, you only have to get rich once. That means, in your lifetime, being in the right place at the right time once. Despite real estate having the potential for lumpy income streams, I would say the majority of you will be in a situation at least once or twice in your lives where you are in the right place at the right time. Often times, these are fleeting moments (0 - 5 year periods).
Now, imagine getting that windfall at age 40, vs $400K (with $100K after tax savings per year) starting at age 35 - 65. Both scenarios make $3MM, except the 40 year old gets to compound $3MM much earlier.
While I agree, learning to become “self sufficient” in your career usually comes via a forcing event such as unemployment - it is not for everyone. But if you’re observant, I would say there will be at least 1-2 times in anyone’s CRE career where the stars align. Whether you are part of ownership is the main question, and also whether you are able to actualize that wealth is also a question (ie partnership risk).
I was wondering more about why $400K per year. But also the probability of being in the right place at the right time for a 5 year period vs obtaining and maintaining a consistently high income for 20-30 years.
“You only have to get rich once”
I agree with your overall idea, but I disagree with it specifically for OP's scenario. OP is looking for a safe and stable career to making $400k/yr without taking any risk. The "you only need to get rich once" only works if you are willing to take some risk, which it does not seem that OP is willing to. For example, a doctor who makes $400k/yr working their normal job doesn't really have any once in a life time opportunities to make it big without taking risk. Perhaps an opportunity presents itself for the doctor to open their own practice, but once again this requires the doctor to take risk. If the doctor only ever works their job at a hospital or wherever, they are just paid their salary and nothing more. OP seems like this type of person and there is nothing wrong with that, but you can't expect to have these once in a life time opportunities if you don't at least try looking for them or taking a chance.
Adding in my 2c as a D/E broker since many people are discussing income potential. I made just shy of $400k in my first year in the role (2019). Then in 2020, I made about $100k since most of the deals that got carried over ended up falling apart in the early half of that year. In 2021, I rebounded and made $850k. Big dip in 2022, I made about $250k and have made about $200k in the past 2 years given the interest rate environment.
My firm is a Life Co correspondent which usually gives us a solid floor of base hits with the majority of our life co deals usually being on the smaller side. In a typical year, where development pencils, we do a fairly large number of larger bridge/construction deals which are our triples and homeruns. In a typical year our average deal size is about $15-20MM but in the past 3 years, the average has been closer to $6-8MM.
There are many successful brokers in our industry that have made many millions over the years (mid 8 figure NWs by mid 50s) both by originating large volumes but also by funneling their big years into investment properties. I hope that one of these days we get back to "normal" times where development deals pencil and I can get back to earning large fees on development deals and return to the $500k income level. With having that extra money I hope to invest and create considerable wealth where my investments can provide for my family and all of the money I make in D/E can just be considered "gravy on top".
The point here I think is that $400k/yr in brokerage isn't abnormal in my experience. Yes, brokerage income is lumpy which creates life challenges. And yes, most brokers don't end up making it. However, most brokers figure out pretty quickly if brokerage is for them.
Unfortunately we in CRE have been dealt a terrible hand where for the past 3 years, the rest of the economy has been booming, inflation has ate away at our QoL (decrease in valuations have also led to carry being eroded) and most deals aren't penciling which has ate away at our incomes. All we can do now is HODL and hope that things get better.
Too much variability makes life hard. It forces people to max out credit cards and have to pay high interest just to sustain. It also leads to an unhealthy amount of stress. I advise people to strongly consider W-2 jobs.
...Buying apartment buildings to create a steady income stream sounds good in theory but it's a second job to manage those properties/headaches and it sucks up an incredible amount of cash at once.
Your personal rent will have to be paid no matter how good or bad the year is. Then add a wife, and kids (plus their tuition costs) on top of that, and you become one big stress ball living deal to deal.
I cannot stress enough how right you are about this.
People whose experience is sitting behind a screen and crunching numbers, outsourcing management to third parties, simply do not understand the lumpiness and uncertainty of real estate cash flows.
Being a landlord, especially if you don't have a massive institutional back office behind you, is a full time job. I feel like a lot of younger people take the support roles for granted and assume that the tiny amount of work they do represents the important part, and that the deal work mostly ends when the deed is transferred
Just reading through all these comments appreciate the feedback. Some of y’all think I’m not listening. But I am. I really do think some of you are discounting the cultural connection to even be in these acquisition and brokerage roles.
With that being said, I assume some of you guys are in a position the hire qualified, diverse candidates. Are you doing that? Because like I said to even get to those points to build skills and get mentorship, I’ve been passed up many times. If I were white I know I’d be a lot farther along. I cannot tell you the number of times I’ve seen some young white guy stumbles into these roles throughout my development career to end up, making more than me. A lot of it came down to cultural connection. I don’t really say this to convince any of you that think I’m not listening. I’m just saying this as a cautionary tale to the black folks out there trying to make it in this CRE world. Go ahead and give me the monkey $hit…I’m out!
bye
I want to know if you were a debt broker at one point? Because if you are who I think you are, then I promise it's not just cultural for you.
AM here at a big (200b AUM +) firm. Almost 10 years experience. VP level. 225 base + 150 bonus + 25-50/yr in LTI. 40 hours a week 3-4 days in the office.
Is this in New York?
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Praesentium eveniet odio unde nihil assumenda et. Placeat provident perspiciatis quia nisi. Accusantium omnis alias eveniet id aut.
Ex et cumque quae vitae id. Maiores odit in vero nam. Aut illum minus laborum qui quae. In molestias totam voluptatem.
Rerum consequatur veniam earum voluptas. Soluta pariatur adipisci ullam deleniti voluptatem ut.
Est quas qui odit placeat. Natus quis cum quia. Recusandae dolorem nostrum sunt autem dolorem nisi officiis. Delectus itaque vitae numquam sit corporis cum.
Et sit sunt voluptate fuga et omnis fugiat optio. Sed officia amet fuga perferendis nihil enim ea aperiam. Qui est iste dolores nihil qui doloribus et. Fugit aspernatur autem excepturi labore est qui. Nostrum error sint voluptate rem. Odio quia ut iure. Quisquam qui minima quia nobis corporis.