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.


Acquisitions (Dallas)

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


Real Estate Modeling Course

  • Real-life RE Modeling Tests from actual Interviews
  • Various asset classes including multi-family, commercial and more
  • Huge discount - until more tests and cases added

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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  • 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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Jul 3, 2018 - 9:41am

First year analyst doing AM at a value add REPE shop.

Year 1: 65K + 20-25% bonus
Year 2 (projected): 70K + 20-25% bonus

Our shop also pays out random additional bonuses (~$10K) if we sell a trophy asset. Happens about once a year.

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.

Jul 2, 2018 - 2:46pm

Year 1: AM analyst 60k base, 8k bonus
Year 2: AM analyst 62k base, 9k bonus

Really trying to find an acquisitions job now though. While i get paid decent for AM, it is ungodly boring

Sep 19, 2018 - 11:53pm

what does 2% carry equate to annaully?

Also did you get the REIT gig straight outta school?

Sep 20, 2018 - 2:38pm

Wow thats sounds really good. Did you go to college in texas?

Sep 20, 2018 - 4:01pm

Wow thats sounds really good. Did you go to college in texas?

I did not, I went to a semi target I guess. The school has a good business program and hires a lot of I-bankers. I had solid internships. The internships got me the job. I do feel pretty lucky. The ability to work as a partners "assistant" is pretty ideal. The partners have had long careers and deep connections. The education is as good as the comp for me.

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


Sep 22, 2018 - 8:25am

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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