Hey Everyone. Long-time lurker here in the RE section. 1st year analyst at a BB doing BS lending. My buddy was recently offered a position as a development analyst at a dev shop (approx. 50 properties) in a small city (pop. less than 100,000) in the southeast. The company he is planning on working for does ground up development of hotels across the country, mostly focusing on NYC, D.C., and LA.
The position is pretty standard in terms of responsibility. However, the comp is not. $45k-$50k base with no mention of a bonus. Even for a really low COL city, it seems like he is getting low-balled. My thought is that comp should be in the $55k-$60k range. Does that sound about right?
Any help would be appreciated.
bump
That seems a little low, but there aren't going to be many comps for a city of less than 100k.
Thanks. That's what I thought. Sort of a unique situation. Appreciate the help.
I agree that $45-50k seems somewhat low. I'm an analyst at a developer in a city in the Southeast with ~100k pop. My current employer initially offered $55k + 10% bonus + $3k signing. I ended up "negotiating" the salary up to $58k (my negotiation consisted of sending my future boss the CEL Associates comp survey (http://celassociates.com/prime/wp-content/uploads/2012/04/CELAssociates…) and asking nicely for more).
So yes, $55-60k would be closer to the mark.
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