CRE Salary Progression

How did your salary progress/change throughout the course of your career? I think it will be interesting/helpful to see to show younger guys what's realistic.

EX:

Acquisitions (Dallas)

Year 1: 60k + 10% bonus + $5k signing bonus
Year 2: 67k + 20% bonus

etc.

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Comments (39)

Jun 4, 2018 - 10:46pm

Hey amv, I'm the WSO Monkey Bot and I'm here since nobody responded to your thread! Bummer...could just be time of day or unlucky (or the question/topci is too vague or too specific). Maybe one of these topics will help:

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  • Commercial real estate investment sales- can someone take me through the entire process? discuss, I am more than happy to buy them a beer or coffee/lunch. Best, Patient Skeptic commercial real ... estate <p class="h4 m-t-none">Real Estate Forum Resources</p><ul ... Hi everyone, I am extremely interested in the CRE investment sales process (I am in NYC, so if we ...
  • Master of Real Estate & RE MBA Applications Fall 2016 to MBA programs with real estate concentrations, so anyone going down the MBA route with a real ... Kenan-Flagler MBA- Real Estate Concentration Wisconsin MBA in Real Estate Miami Accelerated MBA in Real Estate ... I know CRE started a thread early last year for fellow applicants to MSRE/D programs for the fall ...
  • Could commercial real estate (retail) collapse? higher than in other areas." Given that malls and commercial real estate appear to be declining, do ... economy? to Sunday, April 9, 2017- 4:55pm <p class="h4 m-t-none">Real Estate Forum ... With companies like JC Penney and Sears having done progressively worse over the past ten years, ...
  • Corporate Banking v.s. F200 Financial Analyst v.s. Commercial Real Estate Hey all, I have an offer from Wells FAP, a boutique commercial real estate brokerage, and an offer ... for me if my priorities lie in salary progression, earning potential, and potential exit ops (trying ... wanted to hear opinions on the roles. Real Estate Corporate Banking 1st job; career; Finance; Banking ...
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  • More suggestions...

If we're lucky, maybe I can guilt some users to help you out: Josemherrera @FutureCREInsider" FrkWhite

Fingers crossed that one of those helps you.

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Most Helpful
Jul 1, 2018 - 2:05pm

1st Job: Senior Analyst, Acq & Dev in D.C. (after a year of IB)
Year 1: 80K & 20% bonus
Year 2: 85K and left before I got my bonus

2nd Job: Associate, Portfolio Management
Year 3: 100K & 30% Bonus
Year 4: 110K & 50% Bonus (Target bonus was only 30% but I stepped up big time during a capital raising process even though I wasn't on the Capital Markets team)

3rd Job: Associate VP, Fund Management (Includes acquisitions, some development and general fund management duties)
Year 5: 150K Base, 90K bonus, 5% promote which should be worth 150ish depending on how things go
Current Year: 150K Base (probably hit a ceiling here), target bonus between 50-100% and 5% promote for acquisitions I source or large scale turnaround/repositioning projects I lead. Acquisitions pipeline slowed down a good bit and I'm not sure if I'll earn promote for any deals this year.

Sep 19, 2018 - 11:53pm

what does 2% carry equate to annaully?

Also did you get the REIT gig straight outta school?

Array
Sep 20, 2018 - 11:21am

Into the REIT straight out of school.

25% of our carry goes to co-investors, if I co-invest, I can pick that up. The other 75% gets divided by seniority, etc. If I source the deal I get more than 2%. At the moment with current deal flow and anticipated returns, I calculate it to be in the ball park of +$15,000 - $20,000 a year.

Sep 21, 2018 - 9:17am

Year 1 Analyst: (Post UG): 40k no bonus, Asset Management @ Multifamily Midwest Owner/Operator

Year 2 Analyst: 60k, 10% bonus, Development/Generalist in all asset classes @ Midwest Owner/Operator
Year 3 Analyst: 63k, 10% bonus, same as place Y2.

Hours were 40 across the board.

Sep 21, 2018 - 11:21am

4 years out of UG and you're already at 125k base? Must be hines but I don't know if even Hines gives raises that quickly

Array

Sep 22, 2018 - 8:25am
JSmithRE2010:

4 years out of UG and you're already at 125k base? Must be hines but I don't know if even Hines gives raises that quickly

That progression honestly doesn't surprise me.

Edit: For reference, I'm in Y2 and I'm at $80k + 45% bonus + 0.5% profits

Commercial Real Estate Developer

  • Director in RE - Comm
Jun 3, 2021 - 1:04pm

Was at Hines at start of career:

Year 1: $60k 20% bonus

Year 2-3: $90k 20% bonus

Year 4: $110k 30% bonus

Year 5: $145k 30%-40% bonus

Sep 25, 2018 - 8:13pm

Made an account to join along

1st year PortMgmt/AM analyst
Started right out of state school UG

CRE Investment Management

Major west coast office, domestic funds

$85k base, TBD bonus

Sep 26, 2018 - 12:40am

Yr1 Development (underwriting/AM), 70k + 5% bonus, low-mid COL
Yr2 80k + 10% bonus
Yr 3 New job - Small REPE Aquisitions firm, 95k + 25% bonus, high COL

Have had heavy Excel, Argus, PowerPoint use with typical analyst duties. Am now finally starting to climb away from excel into more real world DD and deal points.

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