Currently at a REPE T-10 analyst 2 going on 3 after the new year. always had an interest in development and wanted to switch over. Got an offer already but appears to be about a 35% haircut, which I genuinely cannot afford due to heavy student loans and HCOL city. Are there any development shops that are known for really good pay? Don’t care about hours just genuinely interested in learning that side of the business. Thanks in advance
| +82 | LP coming into deal at higher land basis. How to model returns to GP? | 18 | 1d | |
| +76 | Increasing RE Industry's Cash Compensation, Collectively | 43 | 22h | |
| +73 | Major Decisions | 13 | 1d | |
| +30 | Niche down to an operator or stay an allocator | 10 | 25m | |
| +24 | Breaking into CRE late 20s | 7 | 4d | |
| +23 | Thoughts on joining an early-stage REPE fund | 7 | 21h | |
| +22 | Self Storage ECRI | 9 | 3d | |
| +20 | Doom Loop or Creative Urban Reemergence? | 3 | 6d | |
| +19 | How to get good at RE Modelling? | 16 | 13h | |
| +18 | 3 Hour Condo/Rental Excel Test - What Can Be Expected | 2 | 4d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Bump
Out of curiosity what was your offer? I am in a similar situation and am waiting on an offer to come in.
Associate 1, 90k and 35% bonus not sure if that’s market or below
Sounds accurate and pretty good if you’re anywhere outside nyc. I’m expecting that base and a lower bonus for this offer they are drafting in DC
This exactly what I'm paid as an Associate 1 in Miami with 2-Years exp.
Not sure about specific firms that pay well but think you can definitely get a stronger offer than that - for context I’m at $85k + 25% bonus at a development firm in Texas as an analyst with only strong internship experience.
What product type do you develop and are you an an1? Shop size? That’s pretty good money for tx
1st year analyst - got an MSRED immediately after UG though so I have that degree but no prior full time work experience (24 yrs old)
Shop is large regional firm and focuses on multifamily
The ones that give you a piece early on. You do not want to be a salary guy at a development shop, the comp will never be as good as being at a fund
Good luck finding something that gives you a piece at the analyst/associate level.
It’s certainly possible at the associate level. I’d start really pushing for it around 5 years in.
In any case, that wasn’t the question.
I think ultimately you will be earning less at a development shop due to the nature of the economics that the salaries are tied to. REPE can carry a lot more fees in it's investment structure since the absolute dollar amount is much higher, there is a limit to how much you can bake fees into a development job before you tank the deal. You can make fat stacks in development because of waterfall structures, but as the owner aka if you get a piece of the action, at your level you won't be seeing that. And once you do get that carry/participation it can take years before it pays out, and you know what they say, you can't eat carry.
I’m a first year analyst 100k base 50-100% bonus dependent on fund returns
Not on the dev side and more experienced but I am entertaining offers in more of the 225 - 250 base with 30 - 50% bonus or 75 - 80K base with 350 - 500% bonus.
Wot
Huh
What level of experience do you have to get to this number? What title carries this type of comp? What type of firm?
Mostly family offices and a couple of UHNWI (5B+) to pretty much run their RE asset and tech acquisitions strategies - I bring a really diverse set of experiences across real estate, tech ventures, and PE. So not really a typical role. My experience would likely land me in a VP to Partner role at bigger firms.
Forgot to mention that the above stated comp comes with co-invest and/or carry depending on the deal.
The difference in base comp really comes down to my desire to continue running my own company along with doing one of these roles.
Quis unde nihil dolores rem inventore delectus repudiandae quaerat. Ipsa qui quis recusandae corporis aperiam est rem. Aut provident dignissimos temporibus quia. Dolore ut distinctio velit et. Dolores molestiae ipsa sit maiores voluptates id voluptatibus. Vero officia minus architecto quo.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...