I'm about to fly out to San Francisco for my last stage of the interview process and as long as I'm not a complete fuck-up I think I got this. The only problem is I can't figure out how much a first-year real estate analyst is paid in San Francisco. It's a REPE company that specializes in light industrial with there last capital fund they raised $350 million. Any help is appreciated!
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For your reference, first year software engineer fresh out of college is paid ~150k+ at Facebook
I am a recently hire first year Analyst out of NC and am making $35,000 w/ benefits.
Dig through the RE forum and find the crowd-sourced salary database thread. Last I checked there were hundreds of inputs by WSO users -- it specified market/region, side of industry, and salary/bonus.
I actually did go through the excel sheet and broke it down. Sadly only 3 people in the sheet worked in SF with 0-1 years of experience and only 2 people with no experience. It also seems a little higher than I was expecting. Was hoping for some different insights.
That SF number looks like Eastdil
When I was interviewing in the bay area in mid 2017, base at a few different banks was $70-85k with 0-20% bonus depending on position. This was specifically at Wells, Comerica, and one other smaller credit union in CRE/C&I lending. Ended up at a different bank in a different part of the state for other reasons but the COL is tough up there. My guess is REPE will likely have higher bonus potential. Obviously not the same type of business but I would assume they're somewhat similar in comp range
EDIT: I should add that the roles that made up the higher end of the range included above were not first year analyst roles, but Underwriter roles which would typically be 1-3 years exp. I think ThatGuyBalls comment below is likely accurate for a first year analyst with no experience, 65-75k is probably more likely.
I know what firm you're referring to but ain't about to put a homie on blast.
I would expect ±$65K + 10% or so assuming you have no additional exp.
Feel free to PM for additional insight on the firm.
In San Francisco? That's gonna me a no for me dawg.
Pm'd. If it's that obvious who I'm talking about thanks for keeping it lowkey
sorry scrambling and misread. Thought it was socal.....
I would say 70-80k with up to 20% bonus.
I'd say at least 75-85k base with a 10% bonus depending on the shop(which still isn't enough to justify living in SF). SF is ungodly expensive. If you decide to live across the bridge on the Oakland side to avoid the SF rents it's not even worth it considering the commute across the bay bridge can be 1hr + just to get into the financial district of SF.
If you haven't figured it out by now, SF is a city you find a few roommates in for the first couple years, then figure out if the city still aligns with your long-term goals.
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