|
|
2007 REAL ESTATE COMPENSATION SURVEY
|
| All Companies - Consolidated Results
|
|
| Position
|
Base Salary Range (1)
|
Potential Bonus as % of Salary
|
Actual Bonus as % of Salary (2)
|
| High
|
Median
|
Average
|
Average
|
|
Corporate Positions
|
|
Executive
|
|
| Chief Executive Officer
|
$536,400
|
$373,700
|
103.0%
|
125.8%
|
| President
|
$520,700
|
$368,300
|
97.3%
|
113.6%
|
| Chief Operating Officer/COO
|
$427,300
|
$319,100
|
71.0%
|
74.5%
|
| Chief Investment Officer
|
$433,000
|
$339,900
|
100.9%
|
122.0%
|
| CFO/Top Finance Executive
|
$291,100
|
$209,400
|
58.6%
|
66.6%
|
|
Corporate
|
|
| Top Business Development Executive
|
$267,800
|
$194,400
|
71.1%
|
64.1%
|
| Regional Business Development Officer
|
$233,700
|
$145,000
|
48.2%
|
55.8%
|
| Top Human Resources Executive
|
$137,900
|
$109,500
|
25.1%
|
29.0%
|
| Human Resources Manager
|
$ 87,200
|
$ 72,800
|
14.9%
|
15.2%
|
| Human Resources Generalist
|
$ 60,300
|
$ 49,800
|
10.9%
|
7.4%
|
| Payroll Manager/Specialist
|
$ 69,900
|
$ 49,700
|
11.4%
|
10.5%
|
| Benefits Manager/Specialist
|
$ 69,900
|
$ 56,900
|
9.0%
|
8.8%
|
| General Counsel
|
$303,800
|
$236,000
|
57.7%
|
64.5%
|
| Top MIS Executive/IT Director
|
$146,300
|
$111,200
|
24.6%
|
24.9%
|
| Network Administrator
|
$ 81,900
|
$ 64,900
|
10.4%
|
10.9%
|
| Corp. Comm./Investor Relations Exec
|
$170,400
|
$133,500
|
40.8%
|
35.2%
|
| Research Director
|
$141,300
|
$ 99,500
|
24.4%
|
25.1%
|
| Training Director/Manager
|
$106,300
|
$ 81,800
|
17.1%
|
14.7%
|
|
Accounting/Finance
|
|
| Finance Director/Manager
|
$190,200
|
$131,100
|
33.1%
|
36.2%
|
| Treasurer
|
$165,300
|
$107,900
|
20.2%
|
24.6%
|
| Head of Risk Management
|
$127,300
|
$100,200
|
20.1%
|
23.3%
|
| Controller
|
$145,000
|
$107,700
|
27.1%
|
28.0%
|
| Accounting Manager
|
$ 87,200
|
$ 76,900
|
15.3%
|
18.3%
|
| Accounting Supervisor
|
$ 79,700
|
$ 69,800
|
12.7%
|
12.1%
|
| Senior Accountant
|
$ 66,100
|
$ 59,500
|
13.3%
|
12.6%
|
| Accountant
|
$ 51,900
|
$ 45,100
|
9.2%
|
9.8%
|
| Property Accountant - Senior
|
$ 65,200
|
$ 59,000
|
10.5%
|
10.8%
|
| Property Accountant
|
$ 52,700
|
$ 46,600
|
7.8%
|
7.4%
|
| Financial Analyst
|
$ 82,300
|
$ 64,100
|
12.9%
|
18.4%
|
| Tax Manager
|
$115,100
|
$ 90,700
|
17.0%
|
17.0%
|
|
Office/Industrial Positions
|
|
Executive
|
|
| Top Division Executive
|
$261,800
|
$210,800
|
74.8%
|
81.0%
|
| Top Regional Executive
|
$242,000
|
$189,800
|
60.9%
|
62.9%
|
|
Acquisitions
|
|
| Top Acquisitions Executive
|
$219,800
|
$177,100
|
57.4%
|
51.3%
|
| Acquisitions Associate
|
$111,100
|
$ 91,100
|
31.1%
|
32.6%
|
|
Asset Mgmt.
|
|
| Top Asset Management Executive
|
$221,700
|
$177,300
|
54.8%
|
52.2%
|
| Portfolio Manager
|
$121,000
|
$ 90,500
|
27.3%
|
27.3%
|
| Senior Asset Manager
|
$121,400
|
$105,100
|
32.6%
|
28.9%
|
| Asset Manager
|
$100,400
|
$ 82,900
|
26.6%
|
30.2%
|
|
Property Mgmt.
|
|
| Top Property Management Executive
|
$201,600
|
$143,900
|
36.1%
|
34.0%
|
| Regional Property Manager
|
$124,600
|
$104,100
|
35.6%
|
37.3%
|
| Senior Property Manager
|
$ 96,500
|
$ 87,900
|
14.8%
|
15.1%
|
| Property Manager (<500,000 sq.ft.)
|
$ 79,600
|
$ 66,000
|
13.8%
|
11.7%
|
| Property Manager (500,001-1M sq.ft.)
|
$ 98,400
|
$ 75,600
|
16.0%
|
15.3%
|
| Property Manager (>1,000,000 sq.ft.)
|
$135,200
|
$100,800
|
23.2%
|
19.9%
|
| Assistant Manager
|
$ 51,900
|
$ 45,700
|
8.0%
|
7.3%
|
| Corporate Facility Manager
|
$ 97,200
|
$ 73,100
|
16.5%
|
18.4%
|
| Top Facility Security Manager
|
$ 74,000
|
$ 63,600
|
10.6%
|
12.4%
|
| Operations Manager
|
$ 95,500
|
$ 74,200
|
15.7%
|
15.4%
|
| Regional Portfolio Engineer
|
$112,700
|
$ 80,600
|
25.3%
|
27.6%
|
| Maintenance Supervisor
|
$ 74,000
|
$ 60,800
|
9.2%
|
9.0%
|
| Maintenance Engineer
|
$ 45,000
|
$ 39,500
|
6.6%
|
7.3%
|
|
Leasing
|
|
| Top Leasing Executive
|
$183,500
|
$151,000
|
80.3%
|
78.3%
|
| Senior Leasing Executive
|
$118,600
|
$ 96,000
|
66.7%
|
67.4%
|
| Typical Leasing Agent
|
$ 93,300
|
$ 59,300
|
51.7%
|
43.9%
|
|
Project Mgmt.
|
|
| Development Executive
|
$225,000
|
$180,800
|
52.6%
|
50.9%
|
| Development Manager
|
$145,500
|
$106,700
|
26.0%
|
31.8%
|
| Project Manager
|
$118,500
|
$ 97,700
|
23.1%
|
22.0%
|
| Project Analyst
|
$ 80,800
|
$ 62,300
|
26.6%
|
29.1%
|
| Construction Executive
|
$146,700
|
$123,300
|
38.4%
|
37.7%
|
| Construction Manager
|
$108,900
|
$ 85,800
|
14.8%
|
17.9%
|
| Construction Onsite Manager
|
$ 83,500
|
$ 74,400
|
14.6%
|
16.1%
|
|
Residential Positions
|
|
Executive
|
|
| Top Division Executive
|
$262,900
|
$209,000
|
61.9%
|
58.8%
|
| Top Regional Executive
|
$239,400
|
$180,600
|
56.3%
|
61.0%
|
|
Acquisitions
|
|
| Top Acquisitions Executive
|
$227,600
|
$170,200
|
68.8%
|
63.9%
|
| Acquisitions Associate
|
$ 93,800
|
$ 76,800
|
33.0%
|
29.1%
|
|
Asset Mgmt.
|
|
| Top Asset Management Executive
|
$183,800
|
$149,800
|
44.1%
|
43.8%
|
| Portfolio Manager
|
$115,500
|
$ 88,800
|
21.9%
|
23.8%
|
| Senior Asset Manager
|
$130,500
|
$107,600
|
21.6%
|
21.1%
|
| Asset Manager
|
$101,100
|
$ 84,000
|
18.5%
|
18.4%
|
|
Property Mgmt.
|
|
| Top Property Mgmt. Executive
|
$217,400
|
$160,500
|
40.3%
|
37.3%
|
| Regional Vice President
|
$135,700
|
$106,400
|
28.6%
|
26.9%
|
| Regional Property Manager
|
$ 92,500
|
$ 80,600
|
22.7%
|
20.6%
|
| District Manager
|
$ 84,200
|
$ 76,800
|
18.0%
|
15.9%
|
| Senior Property Manager
|
$ 78,500
|
$ 65,300
|
17.3%
|
17.8%
|
| On-Site Community Mgr (<300 units)
|
$ 50,600
|
$ 42,500
|
14.4%
|
14.3%
|
| On-Site Community Mgr (>300 units)
|
$ 60,800
|
$ 54,800
|
14.8%
|
14.1%
|
| Assistant Manager
|
$ 37,700
|
$ 31,300
|
10.2%
|
10.0%
|
| Maintenance Supervisor
|
$ 46,900
|
$ 42,400
|
8.8%
|
8.6%
|
| Maintenance Engineer
|
$ 34,400
|
$ 30,400
|
7.6%
|
7.2%
|
|
Leasing
|
|
| Typical Leasing Representative
|
$ 32,100
|
$ 25,600
|
13.6%
|
11.8%
|
|
Project Mgmt.
|
|
| Development Executive
|
$236,700
|
$185,500
|
49.4%
|
44.4%
|
| Development Manager
|
$148,600
|
$111,700
|
23.6%
|
22.3%
|
| Project Manager
|
$111,000
|
$ 96,000
|
26.3%
|
29.2%
|
| Project Analyst
|
$ 73,300
|
$ 63,400
|
16.6%
|
19.4%
|
| Construction Executive
|
$209,500
|
$131,900
|
44.1%
|
42.9%
|
| Construction Manager
|
$110,500
|
$ 83,400
|
17.1%
|
16.3%
|
| Construction Onsite Manager
|
$ 89,900
|
$ 76,100
|
16.1%
|
16.2%
|
|
Retail Positions
|
|
Executive
|
|
| Top Division Executive
|
$319,000
|
$233,200
|
78.8%
|
80.0%
|
| Top Regional Executive
|
$249,600
|
$166,100
|
67.2%
|
70.5%
|
|
Acquisitions
|
|
| Top Acquisitions Executive
|
$247,800
|
$177,900
|
49.7%
|
46.3%
|
| Acquisitions Associate
|
$126,400
|
$ 78,800
|
37.5%
|
33.9%
|
|
Asset Mgmt.
|
|
| Top Asset Management Executive
|
$267,000
|
$206,800
|
52.1%
|
51.2%
|
| Portfolio Manager
|
$159,700
|
$141,900
|
40.9%
|
39.9%
|
| Senior Asset Manager
|
$134,600
|
$115,300
|
32.3%
|
35.3%
|
| Asset Manager
|
$113,800
|
$100,600
|
24.8%
|
22.8%
|
|
Property Mgmt.
|
|
| Top Property Management Executive
|
$193,600
|
$151,900
|
35.9%
|
36.5%
|
| Regional Property Manager
|
$147,100
|
$132,600
|
35.3%
|
44.3%
|
| Senior Property Manager
|
$ 96,600
|
$ 86,400
|
17.3%
|
17.1%
|
| Property Mgr (<300,000 sq.ft.)
|
$ 77,300
|
$ 69,200
|
14.8%
|
14.0%
|
| Property Mgr (300,001-500,000 sq.ft.)
|
$ 84,700
|
$ 70,100
|
12.8%
|
12.8%
|
| Property Mgr (500,001-750,000 sq.ft.)
|
$113,500
|
$ 80,800
|
15.4%
|
15.5%
|
| Assistant Manager
|
$ 54,600
|
$ 45,900
|
10.2%
|
9.3%
|
| Mall Manager (>750,000 sq.ft.)
|
$140,300
|
$ 98,300
|
27.1%
|
24.7%
|
| Marketing Manager
|
$ 86,600
|
$ 62,700
|
16.5%
|
14.0%
|
| Regional/Portfolio Engineer
|
$150,400
|
$126,200
|
20.3%
|
19.2%
|
| Maintenance Supervisor
|
$ 63,500
|
$ 52,800
|
12.9%
|
11.3%
|
| Maintenance Engineer
|
$ 43,200
|
$ 35,400
|
6.9%
|
6.2%
|
|
Leasing
|
|
| Top Leasing Executive
|
$258,200
|
$178,000
|
58.2%
|
64.0%
|
| Senior Leasing Executive
|
$131,600
|
$107,000
|
40.4%
|
47.7%
|
| Typical Leasing Agent
|
$113,700
|
$ 80,700
|
29.2%
|
32.1%
|
|
Project Mgmt.
|
|
| Development Executive
|
$296,400
|
$210,900
|
60.1%
|
56.7%
|
| Development Manager
|
$131,900
|
$110,700
|
26.9%
|
25.3%
|
| Project Manager
|
$137,900
|
$103,200
|
30.2%
|
27.3%
|
| Project Analyst
|
$ 80,100
|
$ 51,200
|
18.2%
|
16.0%
|
| Construction Executive
|
$193,400
|
$160,400
|
29.7%
|
29.8%
|
| Construction Manager
|
$116,200
|
$ 86,600
|
17.2%
|
19.2%
|
| Construction Onsite Manager
|
$ 86,800
|
$ 75,700
|
13.7%
|
16.6%
|
(1)
High = 75th percentile, Median = 50th
percentile
|
(2) CEL & Associates,
Inc. has intentionally excluded salary and/or extraordinary
annual bonus awards from this table in order to not distort the
results.
|
Source: CEL & Associates, Inc. / CEL Compensation Advisors, LLC. Survey completed December, 2006.
|
CEL & Associates, Inc. / CEL Compensation Advisors, LLC
©2007 National Real Estate Compensation and Benefits Survey - All Rights Reserved.
Not to be referenced or reproduced without permission in writing:
CEL & Associates, Inc. / CEL Compensation Advisors, LLC, 12121 Wilshire Blvd., Suite 204, Los Angeles, CA 90025
Tel: 310.571.3113, Fax: 310.571.3117, E-mail: comp@celassociates.com
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