Why does AEW comp suck so much?
As the title says, why does AEW have such low base/total comp? They just posted an AVP role in LA for $100-140 base. By rough estimates I’m ball parking that that comp ~should~ be $175-225k based on their AUM. What gives?
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Dont think he meant aum should tie in ratio to comp as suggested by your example…
In general with a larger sample size, larger aum means larger payroll pool. AEW is just notorious for low pay for junior roles. Boston based here and can confirm. Why? Cuz they can get away with it with their brand name.
I feel like VPs probably do better there.
This was definitely an interesting way to interpret my comment, especially the part comparing a Lifeco to BX. Yes, there are a multitude of factors that go into comp and no, increases in AUM are not directly proportional to increases in comp, but it can give you a rough directional gauge of comp. I was just posing this question since I can’t understand why someone would work there given there low comp structure, but thanks for the speculation.
From what I hear the culture for junior team members in Boston is really good. They hire tons of fresh grads out of college every year and provide greeat training & corporate events to keep this group happy. They usually last 2-3 years and go find other market rate pay RE jobs with the aew brand name. I hear tons of people met their significant other/friends in that program as well, so going to assume the parties are good. Can’t confirm for other offices.
You can reliably leave at 5pm every day of the year except for maybe like 5-10 days. Then you might have to work really late like 6:30pm or 7pm, that's the tradeoff.
For many people, they'd rather work and have the extra pay which I get.
For AEW? is this normal for other top institutional shops?
Yes for AEW. No idea but I imagine it's not normal.
The positive side of the trade is the hours, the training, the culture (which is actually pretty solid), everyone actually takes vacations, direct access to very senior people, and despite low transaction count recently they have pretty good deal flow.
The negative side of the trade is low pay, low opportunity to grow quickly within firm. They operate kind of like a union, if you're an ace, it doesn't really matter, you have to wait in line and it's rare you'll jump over anyone.
This is what I was looking for, thanks. Yeah that makes sense, although I can’t say I’d advise taking the slow paced route early on in your career. To each their own.
Maybe on the AM side not the acquisitions team. They are also ~97% owned by Natixis so not much profit left over after Natixis’ cut and the C-Suite takes their share of promote/carry.
Yeah, fair. I'm not sure of the ownership %. I thought Natixis owned less but could be wrong or have dated info. There is definitely a difference between AM and Acq. paths, but in my day they tried to minimize that difference so there weren't different classes within the office given how much the groups interact.
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