Compensation for an entry level Acquisitions Analyst
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[{"id": "i2btzmh", "text": "Have you ever worked a 70 hour week?  I'd run if someone told me that was the average.  Thats 10 hours a day working 7 days and that implies you will work more at times.  \n\nIts an intense industry and everyone works OT, particularly when beginning but any company that is flat out telling you 70 hours average is going to burn you out and replace you without a second thought.", "replies": [{"id": "i2c09yh", "text": "And, they\u2019re willing to  skirt employment law. Salaried vs hourly-with-overtime positions are meant to be limited to supervisory roles.", "replies": [], "depth": 2}, {"id": "i2c0gya", "text": "Probably 12-14 hour days m-f with a few hours on the weekend sometimes. This is the acquisitions lifestyle, nothing new. It\u2019ll put you in a great spot career wise.", "replies": [{"id": "i2c2mo8", "text": "yeah not saying places don't do that.  Just its a lot easier to think about until you are the one actually doing it.\n\nI remember talking to an investment banker one time who was telling a story about a younger hire who had worked like weeks straight and was sleeping at his desk and asked to have a few hours off to go to a big football game.  She told him to pick a half and thought that story was hilarious to tell people.", "replies": [{"id": "i2c4b0b", "text": "It sucks, I live it but by doing so I went from 45k out of college to many many times that by 30.", "replies": [], "depth": 4}], "depth": 3}, {"id": "i2cpazd", "text": "I wouldn\u2019t say this is typical acquisitions lifestyle. At a few shops sure but 70 hours is not typical, that\u2019s more traditional PE hours. 50-60 hours average is more typical for CRE in my experience.\n\nAgreed if they are saying 70 is average OP, then pay should be well above market. When you say entry level are you talking straight from undergrad? What city is this in?", "replies": [{"id": "i2d1bvw", "text": "I\u2019m just saying I live the life and all of my clients, many of which are tier one RE institutions and they all work crazy hours.", "replies": [{"id": "i2d2agq", "text": "Brokerage is for sure more of a grind but having worked at multiple $5B+ AUM buyside shops I have never averaged 70 hours. During crunch time for sure but it\u2019s never been the norm.\n\nMaybe I\u2019ve just been lucky. Also I\u2019m sure in a market like NYC it\u2019s different.", "replies": [{"id": "i2dg7l1", "text": "No totally get it. people buying $2.5bn a year are likely tier 2 so I\u2019d imagine the same.", "replies": [{"id": "i2g0v2c", "text": "Are the hours similar in tier 1 and 2 ?", "replies": [{"id": "i2g1d4p", "text": "In most shops, yes.", "replies": [], "depth": 8}], "depth": 7}], "depth": 6}], "depth": 5}], "depth": 4}, {"id": "i2g0fue", "text": "Yes right out of undergrad. It\u2019s in Louisville. Thank you for the response!", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "i2cr7hg", "text": "115 + 50-70% NYC\n\n85 + 30-50% other markets", "replies": [{"id": "i2do2wz", "text": "Accurate", "replies": [], "depth": 2}, {"id": "ifnrx9q", "text": "what about surrounding NYC areas like NJ and CT?", "replies": [], "depth": 2}], "depth": 1}, {"id": "i2doam1", "text": "https://www.adventuresincre.com/salary-commercial-real-estate/#:~:text=Newly%20minted%20MBA%20in%20Real,beating%20pay%20among%20acquisition%20associates.\n\nVery helpful. I used this to frame some negotiations for compensation this year.", "replies": [{"id": "i2rcg4q", "text": "I cannot believe how high these salaries/bonuses are for a nationwide survey ... Is everyone really making this kind of money in the industry after 10+ years?", "replies": [{"id": "i2rcq2i", "text": "I believe this website skews to by NYC-centric in my experience.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "i2es154", "text": "90k base + 10-25% bonus", "replies": [], "depth": 1}]