Starting Compensation Question for RE positions

I would be much obliged if some of the more experienced guys in the group could weigh in on what is the current state (and method) of compensation for associate level employment in real estate acquisitions, as well as in development for large metro areas - like NYC? Salary and bonus (plus method of computation).

Thanks.

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Comments (11)

Jul 2, 2013

insert hand cutting joke here

Jul 5, 2013

I am also interested to hear what others say about compensation. I am currently working part time while I finish school and am expecting to get offered an associate position in development at my current firm, although acquisitions is a possibility as well. I am thinking $80-$100K + bonus?

Jul 9, 2013

I would be very interested in what others have to say.

For NYC, my research [read: hearsay] would be around $75k per year plus EOY ~15% bonus for that first year associate level job. It seems there is not any "real money" in the being an employee in the acquisitions game until you get enough deal experience and contacts (and access to capital) to start your own shop. Then, with skill, determination and luck , you can make much more serious money.

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Jul 17, 2013

Bonus is too low IMO, not uncommon for analysts to get 30-50% EOY

Jul 17, 2013
Rickman:

It seems there is not any "real money" in the being an employee in the acquisitions game until you get enough deal experience and contacts (and access to capital) to start your own shop.

It also depends where you work. I would argue that you can indeed make real money as an acquisitions employee - if you work at, say, Fortress.

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Jul 17, 2013
prospie:
Rickman:

It seems there is not any "real money" in the being an employee in the acquisitions game until you get enough deal experience and contacts (and access to capital) to start your own shop.

It also depends where you work. I would argue that you can indeed make real money as an acquisitions employee - if you work at, say, Fortress.

Absolutely. I know associates at the blue chip firms north of $120k base.

Mar 4, 2014

Bump - any more current intel on salary comps in NYC for this cycle? What types of shops are guys getting good analytical experience (sourcing deals, underwriting projects, etc) with very decent/great upside (bonus or some form of participation - which may be rare these days)?

Mar 4, 2014

$80,000 seems low based on the cost of living in NY. I'm in the southern US and that would be average compensation for an average associate

Mar 4, 2014

Outside of the mega PE firms "associate" is a hit or miss title. There often arn't many titles between analyst and VP unless you're in a very large firm. Also in most brokerages in NYC "Associate" is an entry level title.

So theres probably a lot of confusion in the thread wether people are talking about brokerage associates or aquisition associates but even on the aquisitions side when people read "entry level associate" they may interprate as "entry level analyst"

Mar 4, 2014

How much do Associates at Blackstone RE or Starwood Capital make? I've always heard they're among the highest-paying but have never seen real numbers.

Mar 4, 2014