Real Estate Analyst Entry Level Salary

I have a few friends that do this, none of which makes more than $50 for at least a couple of years. Might vary by region though.

I interviewed at a medium sized REIT on the east coast this past month (September 2012). Dinged, confirmed pay was $75k base (1+ years experience). Bonus would have been around $10k. Not sure about REPE.

Varies by region. In Texas it would be around $60k, I would guess its around $80k if your in the NE or west coast..

How big is mid-sized? Generally we start our analysts around $60K w/ bonus potential (10-20%).

atwoodt: Do you work at a repe firm?

Yes

The general norm for compensation at the RE PE funds my RE IBD analyst (1-2 years banking experience) class went to was $90-100K base + ~100% bonus (total comp of $180-200K). Some offered guaranteed bonuses. I've heard of mid-sized PE funds offer ~$140-160K all-in, but many pay in-line with the large funds to target the same talent pool. The diversified real estate investment firms (PREI, RREEF, Lasalle, Brookfield) and NYC REITs seemed to be offering total comp of $100-140K, much more heavily weighted to salary with little bonus.

what about top firms which hire people directly out of undergrad such as Walton St., Tishman...

i know one of the big diversified institutional investment firms pays first year analysts $70k base + 10-20% bonus potential

re-ib-ny.. was that 100-140 range all in for associates?

Any insight on the salary for analyst hires directly from undergrad or with no IB experience?

I have a few friends that started with between $60 and $65 and wondered how competitive that would be?

my answer was for a large firm and its directly out of undergrad

Neal, I think your numbers are more or less right. My $100-140K was for analysts/associates with 1-2 years experience at diversified investment firms. The range should probably be all-in $80-140K for analysts through associates depending a lot on firm and specific situation.

OB23/Asian, the more selective analyst programs that hire directly from undergrad pay comparably with investment banking (roughly equal in salary 60-80K and then a bit lower generally on bonus, from what I hear).

^ Would those same selective programs be hiring analysts out of a MSRE program such as Columbia?

I can't really speak to the specific career placement stats of Columbia's MSRE program. I can say, though, that there is a "track" of hiring if you're either an investment banking analyst, or if you get into one of the few RE PE programs that hire straight out of undergrad (Starwood, MSREF, Walton St). Outside of these pretty narrow tracks, I think the opportunities are much more one-off in nature.