How much did you make your first year? What city did you do business in?
Hi all, I am currently working in investment banking in New York City, but am considering a switch to commercial real estate. Doing a cost-benefit analysis and need an idea of what I can expect to bring in. Thanks.

If there is an existing thread on this topic, kindly direct me to it.
[{"id": "irrmveb", "text": "Thinking of switching to investment sales, nnn sales, multi family sales, office leasing or industrial leasing? \n\nEach one can have different prospects. Cannot speak to nyc in particular but I see a lot of junior brokers come and go. It all depends on how quickly you can do your first deal and what kind of training you get and probably most importantly, what your existing network is like. \n\nFor leasing, it takes about 5 years to make serious money. That is when the people you called 4 years ago start to take you seriously and those small deals you did come up for renewal. \n\nFor nnn or mf sales, it takes about 6 months to close your first deal and is highly dependent on finding and working a niche. \n\nSales is 80/20, where 20 percent of the agents make 80 percent of the money. \n\nAnd a good portion don\u2019t make anything in their first year if they are just servicing their senior brokers clients. \n\nSo expect nothing and hopefully you can exceed those expectations.", "replies": [], "depth": 1}, {"id": "irrw8mf", "text": "Your question is vague, but assuming you mean investment sales or leasing - be prepared to make $0 year 1 and possibly not be in the business by year 5.\n\nThere\u2019s a good deal of survivorship bias (not unlike finance) where everyone looks like they\u2019re making lots of money.  What you don\u2019t see are the vast majority who just kind of fizzle out or never quite make it to the next level - no one talks about or sees those folks.\n\nI know first years who\u2019ve pulled $100k, a few who netted nothing, and the majority who pulled in somewhere in the middle.  A huge part of the first few years is simply luck or being in the right place/market at the right time.", "replies": [], "depth": 1}, {"id": "irs6dep", "text": "Switch to real estate IB like either a REGAL team in a bigger bank or go to an Eastdil which focuses exclusively on it. Do that for a yr or two and then it sets you up great for major REPE positions. Maintain current income levels and keeps major exit ops open", "replies": [{"id": "irv469g", "text": "This is the most likely path in my eyes as well. All in first year will be easily 130+. With ib experience you can probably command higher base as well", "replies": [], "depth": 2}], "depth": 1}, {"id": "irsn2ct", "text": "I see a lot of IB analysts make the switch to REPE analyst positions pretty easily. If you look at the WSO there\u2019s a pretty established RE forum where you can look at salary progressions for this field. \n\nThis sub is good but there are a lot of retail agents and leasing brokers which is not what i think you are looking to hear about. \n\nJust to answer your question a little, if you were interested in an acquisitions role at mega fund for example you can expect pretty long 70+ hour a week range, and comp probably in the $125+/- all in range. For your first year. In general you will see an increase in wlb and decrease in first year analyst pay coming from IB in NYC.", "replies": [], "depth": 1}, {"id": "irspqfd", "text": "If you're young, moving to a third tier city, living cheaply and investing everything you can in what you know - I'd say focus on industrial - is a great way towards true financial independence.  \n\nYou'll never have that in New York City even if you're making $1 million per year.", "replies": [], "depth": 1}, {"id": "irsvf61", "text": "Going from IB to brokerage makes no sense IMO. If you were doing hospitality or real eatate M&amp;A maybe it could make sense to transition to the buy side that way. Better off just staying on the finance treadmill for awhile and plowing that money into CRE investments and becoming a principal IMO", "replies": [{"id": "is2z8vf", "text": "That\u2019s another option. The monetary potential in IB is very good, and there is certainly opportunities for that down the road.\n\nWas considering whether it\u2019s worth learning the business and from the inside in order to set up my own shop.", "replies": [], "depth": 2}], "depth": 1}, {"id": "is4382j", "text": "My first yr in CRE I made around 30k this yr I\u2019m on track for 50k\u2026they say if you keep the track and work hard you can double your income early on.", "replies": [], "depth": 1}]