SF Bay Area - Analyst / Associate Pay in Real Estate...Super Low?
I'm a 4th year associate that was just promoted from analyst at a REPE firm in the SF Bay Area. I do both. Came from a top school in Southern California (USC/UCLA).
Is it just me, or is SF Bay Area pay for real estate just way below market for what it costs to live here? I'm earning a base salary of ~$95,000 and a bonus that ranges from 10-30%. All in I'm at approximately $110,000 to $120,000.
Friends who have gone the consulting / investment banking route that are 4 years out are pulling in $200,000+. Computer Science majors fresh out of college are pulling in $200,000+. Even janitorial staff and transportation drivers out here without college degrees are pulling in $175,000+ with overtime. Staff police officers are pulling in $300,000+ with overtime.
Is there a reason real estate pay is so low in the SF Bay Area compared to the cost of living?