Valuation & Advisory Offer

Hello monkeys,

Just received an offer to join a valuation group at a major brokerage (CBRE/JLL/CW) in a non-major market.

Comp is just over 50k base with a discretionary 30%ish bonus.

I have two questions:

1.) How does this comp measure up to those that have started in a role like this?For additional context, I have 6+ of somewhat unrelated experience. Not sure if professional experience counts for anything.

2.) My ultimate goal is to end up in capital markets at major shop in a major market. With all the entry level hiring going on, I can't help but feel like starting in valuation might be an unnecessary step to getting to cap mkts. Would I be crazy to reject and keep pushing for cap mkts?

Thank you all, your insight is appreciated.

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Comments (12)

  • Analyst 2 in RE - Comm
Sep 24, 2021 - 8:50pm

Calling BS that this is analyst level if that's what you meant to claim. There is zero chance you get $~108k, not including quarterly commissions, as an entry level analyst. From what I understand, shops don't usually pay out commissions until you have your general/trainee license, whatever it is, and takes 1.5-2 years to get the necessary hours for the license. 

Sep 24, 2021 - 1:57pm

That offer is actually pretty good for a V&A analyst at one of the brokerages.  I think it would definitely help you get to capital markets, just make sure the appraisal group you join exposes you to institutional level properties and high ARGUS reps.  I would say do this role for a year then try to make the jump. Without much real estate knowledge it might be hard to go straight into capital markets.

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Sep 24, 2021 - 6:22pm

Sounds like JLL. I had that job and compensation. You will not get a 30% bonus in year 1 but could get 50%+ in year 2. That being said it's still $75k. 80 hour weeks were the norm but when it was time to leave my options were plentiful which was surprising given what I had heard about appraisers on this site 

Sep 25, 2021 - 11:24am

Thanks for the insight. Yeah people definitely trash appraisers on here, but everyone I've talked to in the business seems to view it as a solid starting point.

And 80 hours? Yikes. Not opposed to working 80+ hrs, just not for the offer they gave me….

Sep 25, 2021 - 11:54am

Yikes dude, that's actually interesting because most people I've talked to have said it's a pretty chill gig (and you're paid in proportion to that)

The one pro that the interviewer mentioned is having a hybrid schedule. 1-2 days a week in the office, with 40-50 he weeks.

Not to follow suit with "the great resignation", but leaving my current role for something that flexible sounds amazing

  • Analyst 2 in RE - Comm
Sep 25, 2021 - 11:53am

I'll give some insight. I have a quote to come on as an Associate with ~2 years relevant experience (agency lending UW) at a similar shop you mentioned, $80k+ base, and not sure the bonus figure but was told it will be $90k+ all-in. I think $50k base with 30% bonus is pretty good for entry-level. I was making $55k base and 30% bonus as a first year analyst in my lending gig. I would take the valuation job and see how you like it - you can move over pretty much anywhere after some valuation experience and might not even like cap markets. 

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Sep 25, 2021 - 3:06pm

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