Could someone suggest range of what my Commerical real estate associate should be making? Mid-sized firm on a relatively low cost of living city; 9 years out of school; 1600 billable hour requirement; able to work independently on fairly complex transactions but not quite ready for partner

like
Posting as :
works at
You are currently posting as works at

Hourly rate you charge for their work would help here. Rule of 3rds

like

1/3 of annual revenue generation to the attorney, 1/3 to firm operating expense (rent, support staff, etc.), and 1/3 to the "firm" (divided among partners per agreed comp formula)

like

P2 answered what Rule of Thirds basically is. The rule is essentially that 1/3 of the revenue goes to salary, 1/3 goes to overhead (staff, software, rent, etc), and 1/3 goes to profit. So a $425 hourly rate that’s actually collected on 1600 hours would be about $225k salary. Expectation would be anything above 1600 should be weighed heavier as a bonus.

I think $225k is a great salary for 9years out, only 1600 hours in a low cost of living city. You are offering a great lifestyle at 1609 hours and that’s worth something. I’m in Chicago and would offer that to someone only 9 years out.

Related Posts

Hi,
What would be monthly in hand salary?
Is other allowance given in full ?

Post Photo
like

I got my offer last year to join in Sept this year. Recently, I was made aware by people in the firm that there is an increase in salary across the board including my role. Some people joining the same role have received a new offer letters, but I didn't. How should I write to the recruiter to ask? (it's a significant increase of ~20% 🥺)

like

I need your advice. I got an offer to join Morgan Stanley in Canada and want to know what my salary range is there. I have 10 years of experience in investment banking and will be a 5 member family living there. Can i get 200k per year, please advise. Appreciate your help on this.

I am contemplating a new offer for Validation Lead role (non- managerial) at a Big pharma, with 4 years experience -post masters degree. Suggestions on what the compensation should look like ?

like

What will be the monthly inhand salary for this.

Post Photo
like

Hi Folks,

Is 27K zloty a good salary for a bachelor in Wroclaw??

YOE -17 years

How much INR we would be able to save ?? Pls share your expert opinions

Thanks in advance

like

I've always used "OTE" to describe my base + variable, but many in this bowl seem to refer only to their variable. Which is correct?

like

What is EY paying at the manager level in the business design practice ?

like

Hello fishes,

capegemini --> 16LPA for consultant/b2 role

Accenture --> 19 LPA + 80K JB

Is it okay if I ask for more than what Accenture is offering?

YOE: 3.2 years
tech: kubernetes/GCP/azure/devops

like

Mindtree hike letter rolling out

like

Hi fishes,
I am working as associate consultant at Infosys (Lifesciences) since 8 months CTC- 7.5

How much CTC should I expect while applying in new company ?

Expecting 17 to 18 CTC is proper ?? Please suggest

Qualification- B.pharm
MBA- NMIMS
Prior to MBA- one year experience in pharma sales

likehelpful

I’m a data warehouse consultant with about 5 years experience. What is reasonable compensation for this role in a city with mid-high cost of living?

like

Salary range for someone doing payroll, AR, and benefits administration with 12 years experience.

like

Any Benefits Analysts out there willing to share salaries? I am a remote employee but also looking in the Atlanta area. About 7 yoe and wondering if I’m cheating myself to ask for max $80k.

like

Hi hr. One question.
Due to remaining in one company my CTC is extremely less. 16 lpa after 11 yoe. What is probality of getting 100 percent hike. I recently asked for same and they didn't proceed.. still in these times big company like Cisco. Ericsson. Tata saying 30 40 percent. M highly dejected...

like

Hey all, I’m considering a position with KPMG’s Deal Advisory / M&A service line as an M. What are your thoughts on 1) work life balance, 2) business outlook, and 3) culture? The salary is very competitive.

like
like

Looking for inputs...
Is it worth to join snowflake as a solution consultant with hardly 15% of salary hike?
Have a decade of technology consulting experience.
Will like to hear insiders view.

like

Hi guys, I am basically a PLSQL developer have below choices. 1) PLSqL offer from FIS 2) Data Engineer(Python+AWS) with Virtusa. 3) In my current organization I may get onsite opportunity to Japan. For first two offers almost offer would be 25LPA and 9 YOE. Which one is best to choose. Please suggest for my career.

More Posts

The US should have 1 year of paid parental leave- agree or disagree?

like

Any Type B people in account? The teams I’ve worked with have primarily been Type A people. As a Type B person, it’s stressful for me and makes me feel bad for being Type B.

like

For those of you who have had to develop a "thick skin" how did you do it without becoming a robot? In the beginning, I just cried at work all of the time. I've gotten better but I'm generally sensitive so kind of an outlier. Could use some advice, thanks

like

Rower or Airbike??

Trying to decide which one to purchase for a home gym. Which one would you guys say is the better investment?

like

New to project mgmt role. Is it being proactive to call out big deliverables due the day people return from holiday/PTO (that they didn't do before they left) or am I not respecting their time off?

like

I'm 6 months old at D! Planning early promotion next year.. counselor and pm both are backing me.. I need to go to India for at least 4 weeks in Dec ... most probably would be rolling off from current project by then .. would this vacation hurt my promotion chances coz of utilization etc?

Aside from all the usual benefits like paid vacation time, health insurance, 401k matching program, have you ever seen a truly unique business perk?

like
like

Just started in Biglaw as a first year - one of the partners made a passing remark that he couldn’t remember my PQE but thinks I’m “the same as X associate”. Went on LinkedIn and saw that X associate is a third year. How do I gently correct this misconception in a future conversation?

like

Hello folks

I have 4.3 years of experience in It windows domain

Looking for a switch in cloud
I am a certified azure admin, aws solution architect

Would be a beginner in aws and azure

like

Any reviews on British petroleum. I have scheduled interview with them. Any pointers please.

like

I'm overworked and I miss my family. I know some states are talking about "reopening" but I don't see an end to this.

like

Any thoughts on food (fast casual) and/or lifestyle franchises that are at present, underrated, but well position for growth in the next decade?

like

Renting out a covered parking spot in Southie, W Broadway, close to Lincoln. DM if interested

Hi everyone! I have 2 tickets for the red sox game this Wednesday night but won’t be able to make it.

If you’re interested in buying them, dm me and I will share more details. See the pic below for view from the seats.

Post Photo
like

Mr. Manager is posting again y'all 🤡

likefunny

KPMG India is looking for Java developer with cloud experience.
Let me know if any one interested to work with kpmg..

like

I wonder if this Russian vaccine will cause mutation which will give people super powers🧐

Post Photo
likefunny

Friday Wordle 328 3/6

⬛⬛⬛🟩🟨
🟩⬛⬛🟩⬛
🟩🟩🟩🟩🟩

like

I am currently working with fiitjee ltd kolkata as marketing manager. I have done BE in computer sc. And MBA in marketing and operations. I have total 8 years of experience. I want to switch from education industry to IT. I need help.

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal