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Do you want to know what the commissioned VPs make (brokers) or the salaried VPs (People in global corporate services, project management, etc.)?
Salaried
Not sure. I only know what the gross commission income at each level is (approximately)
That's probably a decent estimate for brokers, VP/Director is like 3-500k gross a year, although there are a ton of guys that got that title that now do a lot less volume.
Bump. Looking for salaried compensation numbers.
Bump. Also looking for salaried #’s. Principal level too.
So, without some context.. like business line, function, market, etc.... asking for the salary of a "VP at CBRE" is like asking for the average weight of a bag of groceries....
I'm sure some VP of HR is making like $120k and some VP of Finance is like $250k and maybe many more extreme end examples.
In fairness, if you are excluding the production brokers (meaning commissioned, and VP is a production title at CBRE), you really should just consider average salaries for XYZ corporate specialty at the VP level in the market you are interested in, more informative than just average for CBRE.
Do you know comp numbers of Vp of advisory/transaction services?
So, I went to verify on CBRE website to be sure (note, I am not a CBRE employee), and it says advisory/transaction is the over arching division for leasing brokerage. Thus, the VP would be production and thus earnings are likely all commissions (may have draw, but that shouldn't be confused with base salary). Clearly, each team may organize in its own way, but I doubt these are really salaried roles
Do you have any factual #'s for any VP roles at CBRE, or are you just spit-balling?
I'm just using range numbers for various specialties (like HR and Finance) that corporate type VPs at any firm could be making respectively. The point is that CBRE will be competitive for corporate salaried roles as they need/should be.
I do have some specific comps for CBRE (dated now by over 5 years), and related to my personal field (had a few discussions, never got very serious tbh), and I confidently tell you that they base salaries and comp packages packages based on specialty, seniority, market, etc. (i.e. just like every other firm).
The big thing to realize that most "VPs" at CBRE are producers in brokerage/fee based business lines (they state VP is a production title in many job descriptions).... thus they are commissioned (may have draws, but pay is still based on production), and thus the notion of "base salary" is not relevant. My point is that it is mainly (perhaps only) for corporate roles other non-production based roles.
Friend at a major market (capital markets) is a VP and is clearing over $500k this year.
At CBRE? What kind of team if you don't mind me asking. Advisory or another team?
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