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 (5)

Most Helpful
Nov 24, 2021 - 12:22pm

That is a bit lower than market. Real estate commercial banking in TO should get you $60-65k base fresh out of school, plus $5-10k bonus. It would also ramp decently in the first 4-5 years, getting you to low/mid $100k range.

VP
  • 2
Nov 24, 2021 - 1:18pm

Here are my thoughts, work life balance shouldn't mean anything the first 2-5 years of your working life.  If you are working 40 hours a week at 22, you are not learning anything.

55k for a year-1 offer is fine if not a little low.

If I were you I would ask for a 5k bump plus 10% bonus.  Having raised 100-300mm of equity it looks like you are in a good place to be.  If they do not go for the increase in comp, you can always ask how the position scales, as in how long does it take to get to associate, sr analyst etc.

Nov 24, 2021 - 9:08pm

I know a handful of folks that have hired recently in Toronto for junior talent. Like many places it's incredibly competitive and top shops are paying ~$125k all-in for AN1 (think Brookfield, Cadillac, Kingsett).  Hours are likely ~60 (80+ during busy periods).  Great deal reps and experience working with high qual investment folks.  Even smaller shops are having to get up to ~90-100k to get the talent they want.

Ask yourself, if the family office is offering up such a limited comp level, is it because they don't yet trust your talents, or because they want to keep most/all of the pie to themselves?  Bonus is absolutely the norm in this industry and very odd they wouldn't reference it.  For taking a role in a small shop, with likely limited upside (keep things in the family), on a $100-300MM fund -- huge range btw -- they should compensate you at street level. 

DMs open if you want to chat but go get the $$ you deserve.  Unlikely to bridge a gap from $55 to $100k, so agree with the poster that said take the job (maybe aim to get them up to $70k) then hunt around. 

Nov 24, 2021 - 10:29pm

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December 2021 Investment Banking

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