What is job security like in RE PE asset management typically?
And how does it look in today’s climate?
[{"id": "isdpg3x", "text": "Very broad question and dependent on the shop.\n\nWhat asset class? \nOpen ended or closed end fund?\nAUM?", "replies": [{"id": "ise4enk", "text": "$500M AUM with a heavy focus on value-add across office, industrial, retail, and MF. Funds are closed funds with 3-7 year hold periods.", "replies": [{"id": "isecwts", "text": "These types of shops tend to have low attrition rates. In fact if you\u2019re lucky enough to get hired, you probly know one or two of the guys in charge and the company wants to retain you. REPE shops don\u2019t like to train new people often. The more familiar you become with their practices, the more valuable you become. If you make it past the first six months you\u2019re good to go", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ise6ql2", "text": "wondering the same thing..", "replies": [], "depth": 1}, {"id": "iseoacb", "text": "If your a woman, in my experience 40% less then the guys on Asset Management salary. With 2x the workload or the worst assets.", "replies": [{"id": "isfbkbw", "text": "Cry about it to someone who cares. Or better yet, find a new job.", "replies": [{"id": "isfccr6", "text": "I did. The AG . And with my settlement money I moved on. \n\nAnd now I am self employed as an appraiser \n\nAnd you know what? Unless you shine a light on the problem, no one can see it. So thanks for seeing it! Your now part of the solution.", "replies": [{"id": "isg5aw1", "text": "nah winning your court case was the solution", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "isfq2nz", "text": "AM is actually generally less secure at REPE than at a developer or owner/operator. They\u2019ll generally lay off AM staff and let acquisition guys do the AM work when times are slow or in a downturn.", "replies": [], "depth": 1}, {"id": "isfrefc", "text": "I think that\u2019s right 10+ years of AM working at big and small shops there is typically job security but it\u2019s janitorial work cleaning up the UW misses and borrowers general misunderstanding or lack of caring for the loan agreements\n\nCan get laid off but there is always another lender that doesn\u2019t want to bother with AM duties\n\nPay is usually shit tho", "replies": [{"id": "isgtt5m", "text": "That\u2019s not REPE though, that\u2019s loan AM", "replies": [{"id": "isj8aqd", "text": "That's why he gets a shit pay. With 10yrs experience in AM within REPE you are making 100kEUR+ a year base salary. Plus bonuses and carry in funds. That's bad ?", "replies": [{"id": "iskdjz2", "text": "Sorry what?", "replies": [{"id": "iskxf2s", "text": "Trust me after working 10 yrs you dont do janitorial job with underwriting models for 100k per year. That's it.", "replies": [{"id": "isky0uv", "text": "Oh you were talking to him, gotcha", "replies": [], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}]