Does anyone know what the work life balance is for a capital markets job for cre is.
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[{"id": "hnf8tes", "text": "Work life balance is okay, but depends on the shop and team you end up working in. Office hours are not long, but you will be expected to be available at all times including evenings and weekends. It\u2019s a stressful job dealing with client demands and lots of unexpected requests. (i\u2019m not in Dallas area)", "replies": [{"id": "hnf8ykl", "text": "Is the pay good?", "replies": [{"id": "hnf99a0", "text": "I\u2019m in the Northeast. Pay is okay at entry level, but if you work with the right originator/team, you could advance quick and pay becomes very good", "replies": [{"id": "hnikovr", "text": "Define good?", "replies": [], "depth": 4}], "depth": 3}, {"id": "hnipe8w", "text": "Most CM brokers can expect to earn $250k (net of splits) within 3-5 years and top brokers consistently top $1M a year in most major urban markets. Keep in mind there is a lot of survivor bias though as most new brokers drop out before 3 years.", "replies": [{"id": "hnixirh", "text": "Yup this is about right. I would add that upside is unlimited really. But comes with volatility/uncertainty, pay could vary greatly year over year.", "replies": [{"id": "hnj0lc1", "text": "This is a good point on volatility. Bad years happen for even the most successful brokers and you have to be able to rebound and keep your average earnings up.", "replies": [], "depth": 5}], "depth": 4}, {"id": "hoq2cnr", "text": "what are typical commission split structures at shops like JLL /CBRE?", "replies": [{"id": "hoq2ne1", "text": "50/50 until about $250k in gross earnings then it's 55 (broker) / 45. There's usually another split at $500k gross that tops it out at 60/40. This resets annually on the calendar year.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "hnf9157", "text": "And what area are you in?", "replies": [], "depth": 2}], "depth": 1}, {"id": "hnfsjxt", "text": "100 hours a week", "replies": [{"id": "hng4bcl", "text": "You part time?", "replies": [{"id": "hnh55tv", "text": "\ud83d\ude02 my man \u2620\ufe0f", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hnga4xd", "text": "Expect to be in the office at least 50 hours a week, work some evenings (home or office), and you\u2019ll be expected to follow up and respond to emails 24/7. It\u2019s not so bad but if you\u2019re expecting a 9 to 5 look elsewhere. Think of it as a 24/7 job. On the upside, you eat what you kill and if you put in work you can move up very quickly", "replies": [], "depth": 1}, {"id": "hngx3yl", "text": "I work for one of the companies you mentioned in capital markets as an analyst. working roughly 60-70 hours a week. I'll answer the phone and email regardless of day or time. It's easy enough if you just use your off time for yourself, gotta love what you do in the first place too.\n\nEdit: Progress comes with hard work. I've had two salary raises since starting just a year and a half ago and any deals I personally bring in I'll get commission on.", "replies": [], "depth": 1}, {"id": "hnh0ba8", "text": "The only work life balance in CRE is the ability to balance your checkbook. At least until you have an established reputation and book, then it becomes one of the easier jobs out there, imho. If you aren't willing to grind like a dog starting out, you are wasting your time. I am very tied in with DFW CRE, CM and otherwise. If you ask anyone about work/life balance in an interview, I assure you, you will not get an offer. From some of your other posts on here, I am pretty sure you are just starting out. I tell anyone who starts fresh in CRE to expect 60hr weeks the first year.", "replies": [{"id": "hoq22m0", "text": "you seem well informed so ill post this question here.  What are typical commission splits like with capital market brokers at firms like JLL/CBRE?", "replies": [{"id": "hosicyi", "text": "Not 100% sure on cap market teams. I would assume it is similar to standard splits for brokers which is usually around 50/50 between agent and house. If you are joining a team, expect a split with your senior agent as well; splits of that nature tend to vary wildly but I think a good average is probably around 60/40 in favor of the senior agent.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hnh8kth", "text": "It\u2019s not a job, it\u2019s a lifestyle. Those who do well in this are always working in some fashion.", "replies": [], "depth": 1}, {"id": "hnhbu2w", "text": "Working in a smaller family office in DFW (debt &amp; equity brokerage). 60+ hours/week. Like everyone else said, you are \"on call\" 24/7. Some weeks I am answering emails at midnight and I do a few hours of work on Saturday/Sunday to keep things rolling. If you get % split of the commission it makes sense.", "replies": [], "depth": 1}, {"id": "hnhf2vo", "text": "to be 100% candid there really aren't many jobs in CRE that you will have any work life balance until you reach a more senior position.  Your 20's are going to be spent working a lot, and networking.", "replies": [], "depth": 1}]