Junior Appraiser Salary
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[{"id": "fy9yxyq", "text": "I worked for a very large V&amp;A group who has an office in NYC along with most other large MSAs and can tell you if you\u2019re just starting out with no experience other than your internship, you can expect around $65,000 - 70,000 before any potential bonus", "replies": [{"id": "fy9zzum", "text": "Appreciate the insight! The experience I have now is a bit unusual, long story short I've essentially stepped up to senior analyst level work during the pandemic in a major metro market. Wonder if that would have any power in stretching the salary.", "replies": [{"id": "fya7dey", "text": "Definitely should give you a good negotiating positions if you\u2019re already acting in the senior role and I would expect $80,000 to be in the target range. Best of luck", "replies": [{"id": "fyaamlb", "text": "Thanks!", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fy9zdyr", "text": "Probably not nuts, but it's a little stretch.  I'm somewhat familiar with early-career real estate salaries in my metro, and they wouldn't get to that level, but it ain't New York (though it is still a major metro).  You're probably on the high end, but negotiating pay is tricky.  Historically, I'm terrible at it, so I won't give any tips, but I will say that I had the most luck with it when I was in a position to really play hardball, and the current economic situation might preclude that.", "replies": [{"id": "fya0gsz", "text": "It'll be my first time negotiating so I can't imagine I'll be any better. Seeing as the pandemic seems to have given the team more work than usual, it'll definitely be a weird one to tackle too. Thanks for the input.", "replies": [], "depth": 2}], "depth": 1}, {"id": "fya0kek", "text": "If you are into commercial appraiser business, writing income approach, cost rpts approach trying to come up with a best estimated value. You need to be a licensed appraiser in your state. Once licensed you work as a jr appraiser under supervision of a Sr for X years.I did not want to mess around as a general jr appraiser but as a re broker I can do commercial evaluation on buildings, land etc and rpts ordered by developers etc anything for less compensation. \nMy impression outside NY state appraisers are not well paid. Oregon, Wash, CA many appraisers are idling partly because of Covid avoidance. I doubt they get paid more than 50K/yea. My advise is get into sales. There is where the money is. The worst kind is VA. The state of Oregon there are just 2. Taking too much training classes and rpts are laborious.", "replies": [{"id": "fya8co3", "text": "You are doing something wrong my guy. I'm turning down 10+ residential appraisals a day. My trainee appraiser is gonna make $50k a year and she's watching her kids at home.\n\nBy the way, there are 677 FHA appraisers in Oregon.", "replies": [], "depth": 2}], "depth": 1}, {"id": "fya2afl", "text": "Does the name of the university matter when asking for a raise or is it more about the right connections ?", "replies": [{"id": "fya3syj", "text": "I'd definitely put more weight on the connections, and I've approached it that way. I figure university title does have some role in negotiating my first full-time position, though.", "replies": [{"id": "fya4mc4", "text": "I think less so in Canada but I\"m told the US weighs names more than here. Also depends the program as always .... hence why you'd pay for Wharton vs say Michigan State", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fya519o", "text": "People from \u201crelatively prestigious\u201d universities don\u2019t really do appraisal... sorry to be a downer but it is not a respected path. Decent money in the first few years, sure, but appraisers after that are not really considered prestigious. Unless you stick it out forever your exit options get less and less every year after the first three or so. All the big PE shops will get your appraisal and look at your value, NOI, and cap rate projection and never touch the 99% of the rest of the 200 page report", "replies": [{"id": "fya7mjy", "text": "Hey no worries, happy to hear any opinions so I can be well informed. Certainly interesting to hear, as the valuation guys seem to be some of the bigger, more respected guys in my office now. I can definitely see how exit would be an issue, though. Obviously I have no definitive plan for the future now, but any insight on where you've seen people pivot after the first few years in valuation?", "replies": [{"id": "fya8hjp", "text": "Do not listen to him.", "replies": [{"id": "fya97b9", "text": "Why not listen to me? What about what I just said do you disagree with?", "replies": [{"id": "fya9yjq", "text": "Every single thing basically.", "replies": [{"id": "fyaa4m4", "text": "Thanks for elaborating, you\u2019re providing an invaluable resource to OP", "replies": [], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}, {"id": "fya9bs4", "text": "You definitely have options if you\u2019re young and been in the position less than three years. Capital markets, REPE, etc. REPE acquisitions might be tough but not impossible", "replies": [{"id": "fyaabuk", "text": "Talked to a couple capital markets guys and I've done a bunch of stats/presentations for them now. Definitely an interesting path to me. I'll have to look more into the PE side of things. For now though, heres hoping I just end up enjoying how things go in valuation!", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fya81gm", "text": "You could make $80,000 as a trainee appraiser in Indiana if you worked your ass off.", "replies": [{"id": "fyaa0b0", "text": "I'm talking more base salary here so I doubt my performance would affect it. Out of curiosity, what's a typical percentage/number for trainee bonuses you've seen, though? I'm definitely prepped to grind whenever needed/possible", "replies": [], "depth": 2}], "depth": 1}]