Hey Everyone. Long-time lurker here in the RE section. 1st year analyst at adoing BS lending. My buddy was recently offered a position as a development analyst at a dev shop (approx. 50 properties) in a small city (pop. less than 100,000) in the southeast. The company he is planning on working for does ground up development of hotels across the country, mostly focusing on NYC, D.C., and LA.
The position is pretty standard in terms of responsibility. However, the comp is not. $45k-$50k base with no mention of a bonus. Even for a really low COL city, it seems like he is getting low-balled. My thought is that comp should be in the $55k-$60k range. Does that sound about right?
Any help would be appreciated.