Commercial Real Estate Capital Markets Analyst-Compensation
At a Commercial Real Estate debt fund: CRE bridge lending and CMBS B piece investment.As a Quantitative Analyst, I do modeling to study fund returns, various forms financing, sensitivity analysis, stress/loss test, and various ad hoc analysis .AUM: ~ $15 Bn. Year of current job experience: 1 year. Other background: Ivy League undergraduate. Benefits: 10 vacation days, 5 sick/personal days, 5% 401k match/ health insurance: $100 per paycheck.I wanna know the range of compensation for a position like this at such company with the aforementioned benefits in New York City. And the annual raise and bonus typically look like.Any meaningful info is appreciated.Thank you,
https://www.wallstreetoasis.com/forums/what-is-your-compensation-in-rea…
Also Google the CEL Associates compensation survey.
Hi MonkeyWrench,Thanks for your link and CEL.I looked at the link, it's more relevant to development and advisory/equity.I do debt.I work at a non bank lender making short-term bridge loans and invest in CMBS B piece.
You gotta do your DD man. There are at least half a dozen data points on that compensation thread that have to do directly with lending and 'capital markets' roles, which broadly includes debt/equity origination, investment sales, etc., . The subsequent pages have even more.
Most CMBS b-piece buyers are special servicers.... I wonder which firm buys cmbs b-piece without being the special, you make most money by juicing fees
Hi thhddd,there are actually a lot of B piece buyers. Big guys like KKR, Rialto, MassMutal/Barings.The players changed quite a bit after the risk retention rules went into effect at the end of 2016.A lot exited and a lot entered.
rialto is the largest b buyer and they are special servicer CMA has ranking of b-piece buyers and they are pretty much all special servicers or affiliates with special servicers
Most of the non-special b-buyers are in the agency space, like Ares, bridge, Kanye Anderson, harbor, axonic, PIMCO
I can give you one data point With your background and working experience, you can expect ~$100k-$110k all in working for a bank like capital one in dc area(Bethesda/mclean) and the benefit would be much better (8% 401k and 15 PTO)
Thanks again for your data point.
I know this is fairly obvious, but if you want a pay increase, understand your worth to the firm. How long would it take them to retrain someone if you were to leave? What knowledge do you have of the firms operations, process, etc. that makes you valuable. I sat down with a VP at my firm who is about to leave our team (told a number of younger analysts at dinner), and he said the best way to get promoted/comp raises in RE is to have and advertise a "one foot in, one foot out" demeanor. If you are valued, and your higher ups don't want you to leave, they will pay you more to stay.
Might be more helpful to simply ask what comp you can expect down the line, and let your reaction do all the talking, but I might be getting ahead of myself there.
The number I mentioned is what an Ivy League undergrad with 2 years working experience should be compensated at banks, regardless of real estate or not
Maybe debt fund has a higher earning potential down the road, I don’t know
So not to be a jerk, but you should probably clarify that you're pulling numbers out of thin air when you're volunteering data points.
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