REPE Pay - career advice help
Hi all, I recently started my second year with the firm I joined right out of college. It’s a top ten CRE Lender and I work on a production team that handles large deal volume and is well positioned in the firm. I was recently promoted to this team after completing a 1-year rotational program. Last year I made $70k base with a set 20% bonus. It should be noted that i live in a large midwestern city.
-I just found out via a conversation with my boss that I will be making $70k base and 80-110% bonus this year.
I was dumbstruck. This news also came at the same time as a REPE firm in my area reached out to invite me to interview for an acquisitions role ~$4B AUM. Its always been a goal of mine to get to the equity side, so i interviewed. I have a superday coming up and might get the offer.
Does anyone know if a REPE would ever come close to matching the 70k+80%-110% salary at my current job to a second year analyst? Also, would i be crazy to take it if they did? I currently work 30-40 hours a week at most and its a pretty cushy work life balance (dont worry, my last performance review was glowing). How would I justify probably less pay and definitely more hours? Its always been a goal of mine to do repe acquisitions but now with my current pay situation, im not sure i need it? Help
First off start by examining your goals, why do you want to do acquisitions ? Second, do you like the work you are currently doing? Third, are you going to continue to be able grow in your current roll? If I were you, I would continue to interview and find out what their offer is, no use in getting worked up over a situation until you have an offer in hand to compare.
What kind of lender do you work at? Your hours worked and all in comp don't seem to correlate.
Debt fund - i know but thats just how it is man. Im as shocked as you
Fuck... sounds like a solid gig
Chicago? Firm sounds too good to be true
Might as well interview. See if you actually like the team, etc. and also solid learning experience / prep for the future. I did a ton in my first couple years… often for shits. After 1 year of experience and a solid cushy job, no downside staying for a bit/learning more and maybe targeting a firm you’d like to jump to in few months or a year. Doubt firm matches ur projected comp and very unlikely to match those hours (although idk Midwest well)
F
Acquisitions can 100% match that. With that said, as a second year, maybe not. However, if you like the firm and culture, and you get a lower offer, it’s easy to explain you make significantly more than that now and you won’t jump for less.
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