Manager and VP Compensation in CRE Development
Anyone know what type of compensation you're looking at once you get to manager or VP at a large CRE Dev firm? I've only seen numbers around 150-200k at the highest for some associates and I'm curious as to what the top guys earn.
[{"id": "e7hs29d", "text": "You will have better luck on wall street oasis", "replies": [], "depth": 1}, {"id": "e7iar2g", "text": "For a true head of development, regardless of title, I've seen anywhere from $150-300,000 USD in base salary, plus bonus, options, promote, and so on. It really depends on the size of the shop and how many deals you're overseeing.", "replies": [{"id": "e7ma1lu", "text": "This", "replies": [], "depth": 2}], "depth": 1}, {"id": "e7iglef", "text": "The real money from development comes from doing it for yourself, not for other people as a dev manager.", "replies": [], "depth": 1}, {"id": "e7iohqx", "text": "Depends on what you are doing and size of jobs. Some VPs are an army of one, some lead a team of 20.\n\nBig salary is at large companies, but smaller companies can give equity which obviously can be a lot more.  I'd guess the more complex the asset class the higher the comp, since it requires more specialized skills/relationships. \n", "replies": [{"id": "e7m69rv", "text": "Big firms offer carry though", "replies": [], "depth": 2}], "depth": 1}]