Y/E Bonus / Salary Bumps

Interested in what people's expectations are regarding bonuses this year and whether or not your firm still plans on y/e salary increases. Normally this is about the time of year I start mentally spending that bonus check.

Obviously some firms/sectors are doing better than others but curious to see the general consensus is out there

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Comments (24)

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  • PM in RE - Comm
Oct 28, 2020 - 11:26am

Multifamily sector here for 20B REPE firm. I'm not in the carry pool but I expect steady-as-she-goes for YE bonus. May be the folks at my firm who participate in the carry incentive pool will get hit, for us low-life folks a couple tens of thousands ain't going to break the bank for my firm I don't think. Also got a 15% bump in salary due to merit based promotion. I'm thankful obviously, but good post, I'm curious what others expectations are as well.

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Oct 28, 2020 - 12:23pm

Interested. 

Personally, zero mention of bonuses/merit increases during COVID times for me. That goes for "we're cutting them completely, don't expect as much, or expect the same as last year" ...completely in the dark. I'd love to expect what I got last year but trying to set my expectations that I might not be getting anything, or a smaller percentage. Shitty part is if any sort of interviews or offers come in prior to when bonuses hit back account (~ mid-Q1). How much leverage is there now vs. a normal world where one could spin that into a signing bonus this close to year-end bonus payout...

Nov 2, 2020 - 5:17pm

Yes - we had several deals under contract to start the year but dropped them due to COVID. The market shut off for 2-3 months during the early stages of COVID but there was a flurry of deals mid-summer up until I'd say this week due to the election and YE closing. 

We've closed 2 deals and are under contract on another 2. Hoping to finish the year with 1-2 more.

Oct 30, 2020 - 6:22pm

Interested, too.

My prediction is we don't get bonuses at all, but we do get like some small inflationary raise (like 3%). The CEO has said that nobody's getting laid off, and if we need to cut salaries, the execs will cut their pay first. We're a regional office owner/operator, and we haven't closed anything since March. Promotion's probably out of the question, too. Was being considered being given some carry starting next year, but I think that may be up in the air, also. 

Nov 2, 2020 - 11:05am

Zero chance we get salary bumps. Should be an ok end of the year as long as we sell a few assets and I get my full discretionary bonus though. 

Won't be like last year, but all things considered that's ok. 

Commercial Real Estate Developer

Dec 3, 2020 - 4:10pm

Bump.

Just a real time update for those interested. We got up to 60% earn-out on potential bonus pools for 2020 and no comp increases for next year across the board. Exception being junior/lower-level analysts/associates who saw modest increases (5-8% all-in).

Covid can kick rocks but grateful to still be able to complain about getting paid...

  • Investment Manager in PE - Other
Dec 4, 2020 - 1:12pm

I got my full bonus for 2020. Pay bump to $100k + 35% target annual bonus for 2021, so ~$135k all in (a 10-11% increase in all-in comp). Is this fair for an analyst with 2.5 years acquisitions experience, all at the same firm out of UG In a major market (NY/LA). I feel somewhat underpaid but I guess I can't really complain with COVID and all...

Dec 4, 2020 - 1:49pm

I've seen associate comp in one of those markets between $110k + 20% and $130k + 30%, so your all in sounds pretty fair. It may be low for NYC (I simply don't have perspective on that market) but you're not getting ripped off here. 

Commercial Real Estate Developer

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