Is my Asset Management Comp under market average for the industry?
I have 1 YOE in CRE and just started a new gig for a debt REIT managing a debt portfolio. My pay now is a base of $75k with a target bonus of 15%. I feel that it is low but I also work 30-35 hours a week tbh. Very laid back culture. I plan on leaving after a year because I do live in a HCOL city and would prefer a base of at least $95k-$105k or so.

Edit: title is asset management analyst.
[{"id": "iwnm4xq", "text": "If you have only 1 yoe, I\u2019d say that\u2019s fairly close to market. Maybe a little low. Depending on the shop, you should expect sizable jumps earlier on in your career as you get more experience. That being said, REITs usually pay less than REPE, but have lighter workloads.", "replies": [{"id": "iwp2c1f", "text": "Depends on the REIT\u2026 hours at places like BREIT, WELL, VNO are no joke", "replies": [{"id": "iwqare0", "text": "Yeah, when I was an analyst at a REIT, another analyst and I actually pulled all nighters.  REITs have reporting requirements, and are generally done after the books have closed, so you're under the gun waiting for Accounting to close the books and before reporting to the exchange.  It can be stressful and require long hours.  \n\nBut it can also be routine, where you know two weeks of every quarter is going to be crazy, while those other 10 weeks are generally more open, but that's not a guarantee.", "replies": [{"id": "iwrojby", "text": "Agreed. I\u2019m saying that at REITs of this caliber, you\u2019re hours are consistently nightmarish - think PE workweeks without the same level of comp", "replies": [{"id": "iwrsi4g", "text": "Depends on PE\u2019s, those hours get stupid crazy too, especially when you\u2019ve got to model some ridiculous JV structure where the deal maker isn\u2019t sure what they want to recommend and want to look at 3 scenarios, all of which split differently at exit with multiple waterfalls and capital stacks.\n\nCRE has always felt like periods of feast or famine, where you\u2019ve got mountains of work that can\u2019t possibly be done on time, and periods where all you can do is wait.  The best of them, will be lean, so profits can be shared in the good times, and redundancies limited in the bad.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "iwnvbvz", "text": "Depends where you are", "replies": [{"id": "iwnw221", "text": "I\u2019m in SoCal (not LA)", "replies": [{"id": "iwnxeea", "text": "That\u2019s a bit light but not crazy I wouldn\u2019t say. You might still be able to find better in the market today but if the culture and your direct report are solid I\u2019d say you\u2019re not in too bad a spot.", "replies": [{"id": "iwo3heh", "text": "Should I leave after a year to get my comp up to market? What would market comp be?", "replies": [{"id": "iwoqxob", "text": "For 1 yoe and only 30-35 hours as the expectation, I\u2019d say your total comp of 87k is fair. With two years and 40+ hours you probably can get to around 100k in total comp.", "replies": [{"id": "iwp0b9e", "text": "How long would it take to get to $100k base", "replies": [{"id": "iwpo85u", "text": "Probably fastest way will be to jump and get a senior analyst position. Usually those need at least a couple years experience depending on demand and makers.", "replies": [], "depth": 7}, {"id": "iwptqcp", "text": "Do you have a Masters?  Just know that with more pay comes greater expectations and duty.   If you want $100k base, what type of work load do you think comes with that?", "replies": [], "depth": 7}], "depth": 6}], "depth": 5}, {"id": "iwptlp5", "text": "The way things are going, if you don\u2019t leave soon, you may not be able to jump ship.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "iwpoq4c", "text": "I would say your comp package is pretty in line with experience level. 30-35 hours a week feels pretty good. I would recommend spending as much extra free time participating in industry events, networking groups and even volunteer work with in the industry. It'll be easier to branch out now while your workload is light.", "replies": [{"id": "iwpu6x6", "text": "I\u2019m kind of on the opposite side of the fence, however I agree with you.  Right now is when, as an analyst, he should be putting in the work to become a financial modeling guru, whether it be excel, ARGUS, or something in between.  \n\nHe should be becoming the go to for everything on the portfolio, know the lease profile of every building, know the largest tenants and largest vacancies (if applicable), undersatand the capital plan and value-add opportunities, become the right hand man to the principals, and know the assets better than anyone else in the company, since he can both visit the physical assets and see the financials.\n\nHe should be networking like you said, but he has an opportunity that other analysts have had, and can either choose to work 30-35 hours and wait to jump, or take the initiative and upskill himself in both financial modeling and the assets so he can provide value comensurate with a $100k base salary, which, let\u2019s be fair isn\u2019t a lot in SoCal.", "replies": [{"id": "iwq9z9c", "text": "I agree with this comment! I actually found myself doing more of what u/fenix1230 recommended early in my career, where as I felt always behind the 8 ball on networking efforts and had to play catch up later on =P", "replies": [{"id": "iwqb27x", "text": "Thanks, my analyst days are behind me, but that mindset doesn't leave you.  I really enjoyed being an analyst, and personally feel it's one of the best bases to have in becoming successful in commercial real estate.  Not the only one of course, but it's one that provides a lot of structure for your career path.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}]