NEW NEW CRE Compensation Google Doc

Responses/Submissions can be viewed here: CRE Comp Data

You can add new information here: CRE Comp Submissions

Prior data has been uploaded, and mostly formatted. Form responses automatically are sent to the Google Doc. There are two (2) tabs - formatted, and unformatted. Sheets are locked. If you'd like to further analyze, please copy and paste into your own spreadsheet. 

If you think there should be any additions/modifications, please respond. Hope this helps. 

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Comments (44)

Mar 18, 2021 - 10:49am

This one makes me sad - wildly underpaid, if it's a true Associate role:

Title: Associate

Market: DFW

Area of Focus: Acquisitions & Development

Experience: 3 years of experience

Salary: $75,000

Bonus: $5k bonus

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Feb 25, 2021 - 8:45am

Thanks for both suggestions. On the first, for the dropdown, Google Forms does not allow for an "Other, please specify" option when using their dropdown, which would limit the entries. If we tried to include all possible markets, it'd be too much to sift through, imo, as the dropdown selection does not have an autocomplete option.

As for the second, regarding Total Comp column, I intentionally removed this piece as it felt redundant and I ran into a few issues with the data. The "Total Comp" column seemed to be more beneficial for trying to understand promote/carry value. What does the group think about adding in a column like "Promote/Carry Value (average)"?

  • Associate 1 in RE - Comm
Mar 1, 2021 - 12:03pm

My firm is in SF, but we are a small startup-esque type fund as the founders are all coming from VC/FAANG so we are fully remote until we can't sustain the amount of people we have, so I live a VLCOL area. I was really surprised that west coast pay isn't that high. Unless you're working for a MF, I feel like it's almost lower than market comp due to the HCOL. That makes me nervous that if I have to move to SF I wouldn't receive a pay bump.

Mar 2, 2021 - 4:54pm

I also may be headed to SF from a city that isn't quite NYC expensive (Chicago, D.C., etc). What do you think would be an appropriate upgrade in pay to make up for the CoL at the analyst level?

 

  • Associate 1 in RE - Comm
Mar 2, 2021 - 5:52pm

It's tough to say, RE pay is so variable depending on the firm. When I interviewed for experienced analyst positions I was seeing mostly $125k - $150k. The problem for me was that I was offered pretty much the same pay to live in the southeast where I pay much lower taxes and can afford a home. 

  • Analyst 3+ in RE - Comm
Apr 13, 2021 - 4:53pm

 I was really surprised that west coast pay isn't that high. Unless you're working for a MF, I feel like it's almost lower than market comp due to the HCOL. 

I've worked in SF for the last couple of years, and I've noticed this too. Pay in SF is not aggressive at all. Like you mention the MFs are really the only ones paying analysts and associates good, but this isn't NY where you have big shops at every corner. All other shops, comp could be all over the place because California is one of the states for the highest cost of doing business . LA is slightly better in my opinion just because money has the potential to go a bit further, the area is more heavily populated and the economy is better diversified. No clue on the other cities on the coast (Seattle, San Diego, Portland), but I don't think really offer a whole lot either.

  • Analyst 2 in RE - Comm
Apr 12, 2021 - 12:00pm

Not sure about anyone else, but these comp to hours are not overly exciting... honestly a little depressing actually.

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Total Avg Compensation

June 2021 Investment Banking

  • Director/MD (9) $911
  • Vice President (35) $364
  • Associates (203) $232
  • 2nd Year Analyst (115) $151
  • Intern/Summer Associate (97) $145
  • 3rd+ Year Analyst (27) $145
  • 1st Year Analyst (420) $131
  • Intern/Summer Analyst (338) $82