REPE acquisitions fair salary?

I have an offer from a major real estate investment firm, in their acquisitions team. They pay almost 90k straight out of undergrad. Is this a fair offer for RE acquisitions?

Also how is repe long term development. I have an offer at a EB IB, while I hated the hours the pay is much better at the IB.

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Comments (21)

  • Investment Analyst in PE - Other
Jan 13, 2020 - 9:17am

Crow? If the firm is who I think it is then it is an amazing opportunity.

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Jan 12, 2020 - 7:43pm

Can vary a lot, I know someone who recently took a $50K base (not sure about bonus) at a lower tier but still legit NYC firm as an acq analyst (state school UG direct to NYU MSRE, had some internship experience). That is the lowest I've heard of for a major market, but par for smaller markets. Highest I've seen for grad degree with no direct RE experience besides internships, 90K plus 25% bonus.

I've known 2nd/3rd year analyst/associates who got bonus equal to 100% of salary, generally tied to success on closing deals; that would bring total comp to the $150-200K range but VERY dependent on firm success.

Jan 12, 2020 - 7:49pm

I should add... salaries/bonus for top tier REPE (like Blackstone, KKR, Carlyle) can be above $200k all in for real estate analysts, even in asset mngt. But I don't see this as comparable as they are generally hiring from analysts and associates from BB I-banks with 2-5 yrs experience, yet the titles are the same. Go figure.

Jan 12, 2020 - 11:13pm

I know firms are offering total packages that get near and above $100k in NYC. I would presume NYU grads are getting some of those jobs or at least their fair shot.

NYU is a large program, so it's really tough to generalize. They also allow people to go part-time, so any averages could be really skewed by the level of variance in the experience.

I'd recommend not worrying about year one comp. it's lifetime earnings that matter, doing what's interesting, and lifestyle as well.

Your first several years will suck regardless, just part of it. Hopefully your brokerage time will count, I mean it should.

Can you send me a message yet? Happy to give more direct advice.

Dec 3, 2020 - 10:13am

Do you guys have any insight on pay for a first year Acquisitions/Development Analyst in Los Angeles? Currently a financial analyst in commercial lending (construction dept.) and want to make the switch to RE. Currently make $60k in mid sized city and do not really want to take a pay cut, especially since LA is more expensive. 

Jan 13, 2020 - 8:41am

Not in NYC, but we hire people out of UG who have some sort of internship experience; generally pay $70k + 20% bonus and long term carry incentive in our funds.

Array
Jan 18, 2020 - 3:03pm

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