Not sure if I trust the data on WSO for Carlyle. The one real estate salary says 100k base 100k bonus for associate in San Francisco office. Seems very high and I don't think they have a real estate team in san fran. One other data point was for 2nd year corporate PE analyst in nyc (95 base and 70 bonus) which I thought might be a more realistic for a real estate associate.

Can I ask how you got the interview?

Array
 

Carlyle pays below market for a top firm. As was previously mentioned, it's around 100k + 100k for an associate. It's a tough shop for junior guys. Too many mid levelers and not easy to move up. Plus they assume you'll work there for the resume brand (which you generally will) so they don't pay what they could. IMO it's still worth it to put in your two years but its not ideal.

 

I was told all of the following by the recruiter who has placed for the team for years, including most of the current staff there (senior level folks included). On the acquisitions side, it's basically 2 and out for associates. AM is different in that you are not on a timeline like that, and they actually prefer to grow the AM team from within. Some AM folks switch over to acquisitions internally. The teams work together closely, but there is a divide, so don't expect to be doing much acquisitions work on the AM team, more just supporting acquisitions on diligence and underwriting when needed.

 

Yeah, agree with all of what the above posters are saying. For a lot of the big funds, it's a 2 year then up/out program. They pay you a little bit more than some of the other shops which are lower stress/higher chance of direct promote to make it more attractive in the short term.

"Who am I? I'm the guy that does his job. You must be the other guy."
 

Gonna have to disagree with you there chief. I would say the Carlyles of the world are the exception rather than the rule in REPE and that 50-70 hours is much more typical than 70-90 in this space.

Strangely enough though the acquisitions team I interviewed for was all guys from local development/PE shops, and there were a handful of people from even weirder backgrounds like homebuilders or appraisal shops. Far cry from the team of ex-bankers you'd expect to be running around an "intense" shop, which is what made it so hard to get a read on the culture here in DC.

 

I've heard the modeling test is fairly straightforward (resi or simple office lease). Time limit is 2 or 3 hours.

Robert Clayton Dean: What is happening? Brill: I blew up the building. Robert Clayton Dean: Why? Brill: Because you made a phone call.
 

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