Live Recruitment Comp Tracker - Offers

Given recruitment is hot right now (especially for juniors), I figured this would be a helpful chain to track offers (or even market bumps) for a wider breadth of data points (contrary to the compensation post that tracks accepted offers)...

Basic Template (feel free to post multiple times if you're the stud with options)...

*Omit as much as you want even if it's just posting comp.

Industry: AM/Acquisitions/Development/Brokerage/Debt Production/REIB/Etc.

Title: [Self Explanatory]

Market: [City or region, main office or branch]

Firm Size: [AUM, employees, global vs regional firm, strategy - core, value-add, opp fund]

Product/Asset Class: [Main food groups + alternatives]

Experience: [Years & any other relevant info like graduate degrees]

Comp: Base + Bonus + Any other incentives like carry + Any cool benefits worth mentioning

*If you want, include previous compensation to show (hopefully) a jump 

**Whether you accepted or not. If no, reasoning if you want.

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Comments (34)

  • Analyst 2 in RE - Comm
Sep 1, 2021 - 11:46am

Industry: Acquisitions

Title: Analyst

Market: Midwest

Firm Size: 5bn+ AUM, Middle-Market Opp Fund

Product/Asset Class: Asset Class & Geography Agnostic

Experience: 1yr experience at MF

Comp: 85k Base + 30-50% Bonus + 5K Sign-on

Most Helpful
  • Associate 1 in RE - Comm
Sep 1, 2021 - 12:20pm

Eh I had some pretty specific details but decided to exclude.

Basically first year associate roles for REPE, even at equivalent firms and similar cities, range from $150k-$225k all-in. There are also places that pay more than $225k but I did not get to interview at those 

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  • Associate 1 in RE - Comm
Sep 1, 2021 - 3:09pm

Industry: Acquisitions

Title: Associate

Market: Midwest (Suburban VLCOL)

Firm Size: $800M AUM, Middle-Market

Product/Asset Class: Office/Industrial - Domestically (USA)

Experience: 2yr experience within REPE + 2yr in banking

Comp: 75k Base + 50% Bonus + 1% Carry

  • Associate 1 in RE - Comm
Sep 6, 2021 - 10:16am

Agreed, we are very small so they try to get to the lower band of market rate by basing most of my comp on incentives. Carry is equivalent to about $500K in 5-7 years so my all in is a bit higher, though not guaranteed. My comp is getting reevaluated next month, so we'll see what type of bump I get.

Sep 1, 2021 - 5:16pm

Industry: Development

Title: Assistant PM / Dev Associate

Market: East coast

Firm Size: $750MM pipeline (Sponsor)

Product/Asset Class: Multifamily, mixed-use, master planned communities

Experience: 2yr experience at debt/equity brokerage

Comp: 80k Base + 20-35% bonus (tbd)

Sep 3, 2021 - 11:48am

Industry: AM

Title: VP

Market: West Coast

Firm Size: $15B AUM

Product/Asset Class: Multifamily, mixed-use, retail, SFR

Experience: 4 year AM experience 6 years PM experience

Comp: 230k Base + 70k bonus (300k total comp)

Sep 3, 2021 - 9:14pm

Industry: Debt/Equity Brokerage

Market: West Coast Metro

Product/Asset Class: Primarily multi but good variety with mixed use, office, and retail as well

Experience: 0 in RE, 1 in another industry

Comp: 75k Base + 30-40% Bonus depending on deal flow

Sep 9, 2021 - 1:40pm

Turned down an offer from month back. Im at a direct competitor, felt our platform was better and have better long term growth (and also love the team / manager so honestly was hard to jump ship). Also not great timing. Hopefully correct decision.

Vp, debt fund (role was at 50b+ PE group, at their re credit team). Originations/investments team

7 years exp at a bank and my current debt fund

200k and 100-125%+

NYC

Sep 9, 2021 - 6:16pm

id also add from my experience / talking to recruiters - associates should be aiming for $150-275k all in (larger range but nonetheless pending roles specifics) and senior associate/Veeps in the $325-450k+ ballpark and have a discussion on carry at that point. Honestly had recruiters calls for roles I wasn't interested in (BB debt AM teams) and was surprised at some comp (higher than expected). That specific debt AM role at a bank was $325K+ for senior associates/junior level vp (idk surprised me). Note most of this data above is debt fund oriented/some real estate finance teams/special sits for banks and some equity...  (also all NYC). If you're looking at larger names KKR/MSREI etc, you're on the higher end of the above (BXMT senior associate was $350k from chatting). Hopefully this is a little helpful to guys looking. 

  • Associate 1 in RE - Comm
Sep 13, 2021 - 1:24pm

Industry: REPE (Opportunistic)

Title: Associate

Market: Invest nationally, based in tier 1 city

Firm Size: not sure, several billion AUM

Product/Asset Class: All Product Types

Experience: 3 years split between brokerage and REPE

Comp: $125k base + $100k target bonus

Sep 15, 2021 - 1:07am

Los Angeles; Class B+ Value-add MF; family office ($5bn+ AUM) - Analyst; $115k base, 50-100% bonus target, opportunity to invest at GP level in every deal

NYC; 3rd generation RE focused family office; Full risk spectrum / main food groups (dev and acq) - AM and Acq Analyst; $105k base, 30% bonus target, opportunity for carry / co-invest after Year 3

NYC; Debt Fund; $2bn+. annual originations; Originations/Investments Analyst - $95k base, 30-50% target bonus, $10k signing 

Friends/Colleagues offers: 

NYC; REPE >=$200bn AUM; Analyst - $100k-125k base, 100-125% bonus, $10-30k signing & relo

  • Analyst 2 in RE - Comm
Sep 15, 2021 - 1:24am

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  • Analyst 2 in RE - Comm
Sep 20, 2021 - 5:04pm

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