How does comp at Starwood compete with Blackstone?
Also how does Blackstone comp for real estate differ from their PE department?
[{"id": "fzceyxn", "text": "Check out Glassdoor.", "replies": [{"id": "fzcuzep", "text": "No one is posting their comp for an investment job on one of those sites, the front office even at a mega fund is small so there\u2019s too high of a risk HR finds out your posting info - it\u2019s not nearly anonymous enough. Plus if you\u2019re 33 making like $1mm a year do you really want your friends and family able to look that up? There\u2019s a great website - personalsalary.com - which is just a database of comp info for CRE professionals. They anonymize data and give you a pretty good look at how you stack for role / fund size / geography on your comp.", "replies": [{"id": "fzcv06w", "text": "**I found links in your comment that were not hyperlinked:**\n\n* [personalsalary.com](https://personalsalary.com)\n\n*I did the honors for you.*\n\n***\n\n^[delete](https://www.reddit.com/message/compose?to=%2Fu%2FLinkifyBot&amp;subject=delete%20fzcuzep&amp;message=Click%20the%20send%20button%20to%20delete%20the%20false%20positive.) ^| ^[information](https://np.reddit.com/u/LinkifyBot/comments/gkkf7p) ^| ^&lt;3", "replies": [{"id": "fzcv2bh", "text": "Thanks bot!", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fzcgf79", "text": "www.glassdoor.com\n\n90-100k base is market for top performing REPE in NYC. The difference in comp between REPE and traditional PE isn\u2019t huge at the base level. The difference is that MFPE bonus is basically a multiple of salary and gets even more ridiculous if you get to the VP level and start earning carry \u2014 well into 7 figs by y3 as a VP. \n\nPlenty of salary comps and discussion on Wall St. Oasis; I recommend you check it out.", "replies": [{"id": "fzcjkkp", "text": "Year 3 principal is high 6 cash, you\u2019re only into 7 with promote which is a fake number until it gets paid. Also important to note that the barrier to get promoted to principal from associate is ridiculously high. \n\nCash comp is better at the hedge funds BUT you don\u2019t get carry if that\u2019s your thing.", "replies": [{"id": "fzcjx6n", "text": "Correct \u2014 meant all-in &amp; thanks for the add-on. Was implying carry in VP y1 and starting to see yield y3.", "replies": [{"id": "fzcny53", "text": "For sure. Principal base at that point is like 250 with 200% target so you get to like 700-800 on cash comp. carry can be super variable though, it\u2019s a good negotiating point if you\u2019re trying to job hop but like... it isn\u2019t real til it gets paid out. \n\nAs an aside, long term comp IMHO is better if you get off the mega fund train and take a senior position at a smaller shop. Once you realize you\u2019re never going to be Frank Cohen you can hop from principal at BX / Starwood / whatever to an SVP / MD role at a sector specialist / smaller PE shop, get a much higher promote % (less mouths to feed, BUT much smaller pie) and negotiate for a piece of the partnership. \n\nHaving lived that world for a long time I can say that the cash and learning experience is incredible/ life changing but hours and politics sucked. The burnout is real if you want to have anything remotely resembling a life. Anyways my $0.02 as an ex mega fund guy. I wouldn\u2019t trade the experience for anything but am much more zen out of that place (as seems to be the general alumni sentiment regarding our former employer)", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}]