Which offer is better: PGIM RE Debt vs Ares RE Debt
Title says it all. Sounds like I will be doing the same thing at each shop. Unsure which one to go with. Long term plan is to have my own RE shop doing everything and anything in search of yield.
Generally would say Ares, as life co work can get boring after a while
Both are great. Pick where you like the culture better. You’ll perform and do a better job in a culture you fit well in.
What’s the comp at each?
Pru trains the street
I second to go where you fit better. PGIM has a debt fund and originates typical life co loans, so you will get a broad range of transaction experience. I'm not sure what deals Ares works on, whether it is only bridge loans or other types as well. I'm sure either will give you a great skill set to start your career.
You should ask what type of deals you will be working on, support for training, career growth, and the culture of the firm and team.
Can I PM you?
Yeah, happy to chat.
But is it even rEpE IsItREPE
Pls get me double chicken thx.
100% Ares. This isn’t close.
Agreed as well. It's not even close. Ares by a long shot.
Depends on what you’re looking for. You’ll get good deal experience at both shops, but I would say you will see more complex transactions at Ares
Ended up going with PGIM. Comps was slightly better by 5k, the bonus was higher at PGIM, got more vacation time, and vibe/lifestyle seemed better. People at PGIM sounded happier and hours sounded better.
Congrats man! You mind sharing the comp/hour ranges you gathered from the two firms?
Ares was 80k base. Bonus was significantly less than PGIM.
Surprising the PGIM offer came in higher.
Life Companies have better hours, but generally lower compensation compared to other shops.
If the PGIM comp was higher, I would have taken that too.
No reason to work more and get paid less, right?
What was PGIM's offer? I have a close friend who did PGIM Debt not too long ago and he said the pay was OK, but not great. I think first / second year analysts were pulling in $80K to $90K base, and bonus of $20K to $30K. Is that still the case or did that go up?
I’m pretty sure Ares comp will overtake PGIM at the associate level, and Ares does way more complex / interesting deals. PGIM is largely an agency and multifamily shop. OP made the mistake of thinking about the short term vs long term.
Ares comp will jump after a year or 2. Heavy
Congrats. Pru trains the street. Stay for some time, once comp gets flat in 2-3 years, leave.
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