Hi guys
I recently missed out on an opportunity at Cadillac Fairview in the investments team. Just trying to learn a bit more about the firm. Can anyone speak to the analyst / associate comp, and the exit opps?
I've read previous threads but they all mention OTPP comp and exit opps, but I imagine CF's exit opps are narrower given that it's a real estate firm.
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Last I've heard, $80-$100k base depending on level of experience with bonus ranging up to 50%. On the high end of CRE in Toronto for sure, but they're really closer to a PE platform than CRE and are typically hiring ex-bankers. Mostly focused on corporate/entity transactions.
CF kind of IS the exit option??? You could go anywhere you wanted after that within real estate.
I've heard that base as well. And yeah CF is the exit op lol
Thanks for the insight. I should gave said "growth opportunities" instead of exit opps. I was curious to hear your insight on what lifestyle is like at the higher levels. I've read the Canadian PE funds usually have 50-60 hour weeks on the investments side and they pay is good.
Looks like you trail off around the 150-200k mark, which is a little higher than VP Finance or Director level roles in accounting.
I'm a CPA on the accounting side in REPE, and have been thinking about moving to investments. I can get manager of reporting roles in a few months or I can try to lateral into an analyst role at a REPE shop.
I'm already behind career wise so I am assessing if staying at the analyst level for a couple more years makes sense.
The lifestyle in reporting isn't bad but the work isn't all that stimulating...
At CF specifically? Lifestyle is very good from the guys I know, 50 hours on average, maybe 60-70 during crunch time. The more senior guys travel a lot though which can get old.
Senior level pay varies wildly from firm to firm, but you shouldn't weigh your decision on base salary (or really salary at all anyways - do what is more interesting to you/what provides the lifestyle you want). The deal guys get significantly higher additional compensation through bonuses, carry and co-invest than a typical VP of Finance/accounting directors.
Wow that's quite good.
Yeah but keep in mind this isn't a role available to you right out of school. They don't hire undergrads, only experienced hires and post-MBA.
Would you say those Analyst comps are for more experienced hires or for Entry-level undergrad as well. I know that the other big Pension Plans (QuadReal, Oxford, etc.) can pay that high as well but new grads tend to be lower.
In CF's case they don't hire directly from undergrad - only post-MBA or experienced hires.
For the other pension funds that do hire straight from UG you're right, I think it's typically closer to the $70-$75 range.
Have you heard anything more recently about their comp and hours? They have an opening for an Investment Analyst role and I was interested. I've taken a look over their analysts on LinkedIn - they don't seem to be ex-bankers so perhaps the make-up of their team/what they're looking for has changed?
I haven't worked with them at all recently or run into anyone from the Investments team in awhile. From what I've seen they have started taking on more junior analysts, but don't have any clue on implications for comp/hours.
Another thing that's interesting to me about this is that they're hiring for an analyst role at CF itself - when Jon Sullivan was announced to be stepping down it was indicated the real estate investments team was getting moved under OTPP's umbrella and CF would be a development/operating vehicle.
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