Every noob has a post where, they want the highest pay and to work for Mega Funds.
What I want to know what are the best jobs for VPs to Directors in real estate, people with 7-15 years experience.
People with families who don't want to grind anymore but make a nice living. I have to say recently I've seen people posting making 300+ while working 9-5.
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Go back to "France" with that mindset. JK. Tons of roles at VP level pulling 300K+ working 40 hour week with the occasional spike. Can confirm since I'm in such position.
While 300-400K income isn't huge by any means and won't make you "rich", there's always ways to supplement side income with side deals.
TBH, I'm talking with top tier shops and boutiques, and all I hear are it definitely isn't a 9-5, while comp is MAYBE only upper end of 200s. It seems everyone is hiring for 60-80 hour associate roles right now.
credit funds, ~65 hrs, often less... vp/directors at 350-600k (exp/team/fund etc)
.
My boss is Director of Dev at a boutique mixed use developer.. he puts in roughly 35-50+ hours/week and prob makes around $300k all in (cash) with $1-2MM in carried interest. Sweet gig
Developers with significant carry and brokers at the top of their food chain. Probably moreso the latter but far fewer of those guys out there.
Debt AM: Become a VP/Director at any number of servicers and you can make 250k+ and only work 9-5 with the occasional spike (payment dates/end of month).
Or if you go internal, look at a life co. 250k is easy and you can work
Do you want to be a deal guy (either development or acquisitions)? Then you're not going to work 9-5 and make $300k+.
Development CAN be closer to 40 hours average but its a field where the workload fluctuates and when you're in crunch time you're going to be working 60 hours to make things work.
Your best bet is asset management - it's mostly a 9-5 job except for monthly or quarterly (depending on shop) reporting periods where it might jump to 50-60 hours for a week or two. Salaries and bonus are typically similar to development (maybe a bit lower at higher levels), and many shops still offer carry to AM guys.
So, from my observations and even my personal experience... the best pay/hour ratios come from being a "subject matter expert" in something unique. Like sustainability, or innovation, or research/strategy, or some unique part of the deal, project type, etc. These aren't necessarily the "most paid", but when you are more a specialist than generalist, you are more there for you specific work/expertise, and not to "grind" it with the team.
And when you get to that 7-15 year range (esp closer to 15), you prob have an analyst/associate or even a team, so doing the 40 hr average is very possible. Clearly, not guaranteed and this is far from universal, but that's my answer!
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