Market comp for an Associate offer

WSO community, curious as to your thoughts on what a market / fair offer would be for the below role. Would be helpful in guiding my negotiations. Thanks!

  • Associate / Sr Associate (4-6 years of exp) supporting acquisitions and AM

  • Vertically-integrated owner operator with institutional backing (JVs with a few PERE100 firms / lifecos). Largely does ground up development. Gross portfolio value of $800mm

  • "Front office" team of <10 ppl (not including property mgmt / operations)

  • Primary market (NYC / LA / SF)

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 (9)

Mar 25, 2021 - 8:20pm

$100k-$120k Base with a 35-100% Bonus depending on personal and fund performance sounds about right to me. I would think an all-in figure of $150k+

Array
  • 1
  • Associate 2 in RE - Comm
Mar 25, 2021 - 10:59pm

Any idea how pay would progress for a firm like this? For VP, Director, etc. I'm sure it depends on performance / returns, but generally speaking. Seems like lots of developers more or less fit the general mold OP laid out ($500m - $1.5B gross aum range).

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  • Investment Analyst in RE - Comm
Apr 28, 2021 - 2:15pm

For this type of role, when does one typically gain 1) the ability to co-invest and 2) start receiving carry?

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