What type of money to you make in private equity real estate?
For someone who works for a firm and not an entrepreneur, what type of all-in comp do you average with 5+ years experience in PE real estate?
[{"id": "ipunry5", "text": "Depends on what you're doing. Are you thinking acquisitions or origination, or are you an analyst, asset manager, compliance/operations etc...?", "replies": [], "depth": 1}, {"id": "ipur5gh", "text": "Try searching on wall Street oasis.", "replies": [], "depth": 1}, {"id": "ipv2i0e", "text": "Depends on the role and firm size but probs $300-$500k?", "replies": [{"id": "ipv3q0h", "text": "Chop these in half and you\u2019re closer.  Real estate private equity and Wall Street megafund private equity are vastly different in terms of comp.", "replies": [{"id": "ipv3wzw", "text": "Just giving comps from my shop. First year associates are ~$250k all in", "replies": [{"id": "ipv5nrt", "text": "Wow!  First year associates as in fresh out of college?  Or having lateraled from IB, have experience, etc?\n\nI\u2019m in a major market and that\u2019s double what our junior guys are looking at.", "replies": [{"id": "ipv68jw", "text": "Not fresh out of college, more like 3-4 years of experience. We pay our first year analysts like $130k-$150k all in. But very high cost of living too", "replies": [{"id": "ipv6h9l", "text": "Also now that I think about it the upper range is so variable once one makes VP. So it could be whatever but don\u2019t think it\u2019s less than $300k in a bad year but requires 7+years of experience", "replies": [{"id": "ipv80ld", "text": "Roger, that makes sense - appreciate the insight", "replies": [], "depth": 7}], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "ipxgcbl", "text": "That\u2019s high for just 5 years of exp", "replies": [{"id": "ipxglsm", "text": "Read that as 5+ so assumed VP level. For a 2nd/3rd year associate $300k should be reasonable if in a primary market and a reputable shop", "replies": [{"id": "ipxhu0l", "text": "Yep, then agree for VP+", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ipvnyaq", "text": "Also relative to the area in which you plan to work/live.", "replies": [], "depth": 1}, {"id": "ipw677d", "text": "Speaking from experience, probably around $250k all-in if you\u2019re on the acquisitions/origination team. Depends on the firm and location of course, but you should expect something around there.", "replies": [{"id": "ipwvpxl", "text": "Wow I\u2019m really underpaid then", "replies": [{"id": "ipxflfm", "text": "I am also underpaid", "replies": [], "depth": 3}, {"id": "ipyy79e", "text": "There are too many factors in RE to give any sort of range. To me Associates range from $100k - $300k tbh. If you work for a $3B+ AUM REPE in NYC then ya you'll probably be around $250k. If you work for a $600M AUM RE investment firm in Ohio you'll probably make $125k - $150k. \n\nCan't really make broad brush strokes in this industry.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ipx6697", "text": "Wide ranging. I know a 4 person group that has about 500M AUM. They make between 250-500k (but might have years where they make 1M+). They charge a very small management fee but have big wins off promoted interest when they meet the equity hurdles when exiting a deal.", "replies": [{"id": "ipxs8es", "text": "This", "replies": [], "depth": 2}], "depth": 1}, {"id": "ipxdn2c", "text": "I'm at a RE PE Firm. I'm 3 years in. Interned during college then got hired as an analyst. Just recently started taking on asset management responsibilities which has made me more like a glorified property manager for our commercial projects. I'm at 57k gross with 401k match and some crappy health plans that I don't use. I also have no bonuses. I definitely feel underpaid but everyone at the firm says that in the beginning you feel like you do not get paid what you are worth then eventually you will feel like you get paid for more than what you are worth.\n\n&amp;#x200B;\n\nFirm is about \\~$250mm in AUM", "replies": [{"id": "ipxffev", "text": "Nah you\u2019re def underpaid", "replies": [], "depth": 2}, {"id": "ipxfq0t", "text": "That\u2019s a pretty small firm so maybe that\u2019s fair if you have a lot of opportunity, but currently you are very underpaid", "replies": [], "depth": 2}, {"id": "ipyypn3", "text": "You are mad underpaid. I\u2019m fresh out of college and am an real estate analyst at an asset management firm and I\u2019m being paid 80k, up to 90ish with bonuses", "replies": [], "depth": 2}], "depth": 1}, {"id": "ipxga78", "text": "I was hiring an associate level person with that level of experience and my comp offer was $250-275k", "replies": [], "depth": 1}, {"id": "ipxh3bt", "text": "$275k ish range", "replies": [], "depth": 1}, {"id": "ipz8bfy", "text": "For 5+ years experience your cash comp (base salary and bonus) should at least be $250k-350k on good years.\n\nAdditionally you should have long term carried interest in the funds, that could range widely but they should at least give you $500k-1mm in carried interest (based on latest fund valuation) to start.", "replies": [], "depth": 1}, {"id": "iq84mxv", "text": "https://www.ggasearch.com/files/136564553.pdf", "replies": [], "depth": 1}]