What SHOULD My Comp Be?
2 years LMM IB
TOP developer exp, TOP brokerage exp. (1 year each)
LCOL area (hometown)
currently manage due diligence and dispos at a small-medium sized REPE. my title doesnt make sense and is not industry standard, but consider me a senior analyst I guess.
85k with 10% discretionary after 1 year. 5% raise to base at Y1 review.
im getting hosed.
idk probably more than that tho... why leave dev? Was your IB stint in RE? Your title maybe opaque, but is it analyst? How are you not asso?
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You’re getting hosed but you also kind of hosed yourself. Why do 2 years of IB, 1 year of development, 1 year of brokerage, and then REPE? The only reason I can think of is finding better financial opportunities, but that certainly isn’t the case.
Try to be more strategic with your moves.
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plenty of not-so-real estate roles peripherally related to CRE
If you do not like CRE then sticking with it will just make you miserable, which will in turn make you bad at your job, and decrease your comp. If you want to go back into traditional private equity at a megafund (inferring based on your comments in this thread), you will likely need to get an M7 MBA at this point. That will also require you leaving your hometown, so the choice is yours at this point.
Man I thought my resume was all over the place! Comp seems pretty low given your background. Broader question is what do u want to do?
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Don’t just look at the debt when contemplating b-school. Look at the return as well. I made the jump and got into an ivy b-school. Now my salary doubled and my long term earning potential has increased significantly. My resume greatly lacked and I wanted to go into a tier 1 market. Now here I am. I’m making 1.5x what I spent on school which I consider a good return. Plan to have it paid off in 3-5 years.
I hope this gives you some perspective. But at the end of the day, you have to do what you’re comfortable with. Fortune favors the bold!
seems correct for LCOL DD monkey/dispo analyst tbh
I’m in a HCOL city and I bet a lot of analysts in my town make around that
You’re not underpaid. You’re underemployed IMO.
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