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. 

 

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)"?

 

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.

 

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?

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 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.

 

These data points are all over the place, evening factoring market and years of experience. Not questioning their validity, but it's a sad place to be in right now :/

 
thegovernor

Wow, lot of these Associates/ VPs making bonuses that are TBD !! .. 'Too Big to Disclose?

Speaking for myself it's because there isn't a target bonus %, totally depends on what we buy / sell that year.

Bump.

 

Have you been chatting with recruiters, interviewing, or even landed a job at a Canadian pension fund's REPE team? Would be interested to see what updated base/bonus you've seen recently

 

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