Pay bumps
For all you young guns who have been talking about pay increases, here you go:
Here’s to hoping everyone gets a big raise
For all you young guns who have been talking about pay increases, here you go:
Here’s to hoping everyone gets a big raise
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Can confirm, we are giving big bumps to VPs and below (20%+ base salary bumps, doubling up prior year bonuses). It's a hot market, time to get what you're worth!
Curious to get your guys take on what the going rate (Base/Bonus/Carry) for an Associate/Senior Associate Acquisitions/AM role for someone with 5yrs experience in a Tier 1 market (BOS,LA,CHI,DC). Firm has about $3B AUM and invests/develops in the three major food groups (office, industrial, multi). From what I’m seeing I’m being paid more in line with Analysts with 2-3yrs experience in today’s market but would appreciate any insight as to where I should start when my comp review comes up.
How much do you make?
120 all-in. Granted last year I only saw maybe a all-in 4% comp increase due to covid. Nonetheless I feel like at 5yrs experience the market’s significantly higher than that. I just don’t know where to start given last year was basically a wash.
Yeah you need to interview. I think if you applied for associate roles at pretty much any brand name shop comp would come in minimum $50k higher and as much as $125k higher.
But you still have to go out there and secure an offer. Just start throwing out applications and seeing what sticks. I interviewed probably two dozen places before landing an offer I was happy with.
Not every interview was my dream job, but all interviews are good practice so just start sending apps.
Also all of my comp data points are from the LP side. Maybe developer comps is different, idk
I got an offer for $110k base $40k bonus senior associate position w/ 4 years RE exp... Seems like I should negotiate
How hard would it be to join with post-mba IB experience? What comp could I expect?
Harder to get a pay bump at a large firm with standardized pay for each level.
Semi-related, we're not getting pay bumps, which is just another great reason to leave.
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