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CEL & Associates Compensation Survey
| Position |
Base Salary (1) |
Potential Bonus as % of Salary |
Actual Bonus as % of Salary (2) |
| |
High |
Median |
Average |
Average |
| Executive |
| Top Division Executive |
$245,600 |
$196,500 |
57.2%
|
54.5% |
| Top Regional Executive |
$232,800 |
$162,300
|
58.0%
|
51.0% |
| Acquisitions |
| Top Acquisitions Executive |
$211,800 |
$160,000 |
68.6%
|
63.2% |
| Acquisitions Associate |
$109,500 |
$75,300 |
33.3% |
29.2% |
| Asset Management |
| Top Asset Mgmt. Executive |
$174,100 |
$142,800 |
38.1%
|
35.8% |
| Asset or Portfolio Manager |
$107,800 |
$85,300
|
20.6%
|
17.8% |
| Property Management |
| Top Property Mgmt. Executive |
$204,400 |
$151,300
|
38.1%
|
33.9% |
| Regional Vice President- Multifamily |
$128,400 |
$100,500
|
26.2%
|
23.3% |
| District Manager-Multifamily |
$85,400
|
$74,900 |
16.4%
|
15.0% |
On-Site Community Manager
(<300 units) |
$48,100 |
$40,600
|
13.3%
|
11.5% |
On-Site Community Manager
(>300 units) |
$57,200 |
$52,200
|
13.7%
|
12.4% |
| Assistant Manager |
$36,100
|
$30,700 |
9.8%
|
8.9% |
| Maintenance Supervisor |
$45,000
|
$40,800
|
9.3% |
8.4% |
| Maintenance Engineer |
$33,500
|
$29,400
|
7.8%
|
7.2% |
| Leasing |
On-Site Leasing Rep.- Multifamily |
$30,100
|
$25,500 |
12.9%
|
12.0% |
| Project Management |
| Development Executive |
$221,200
|
$173,700
|
49.2%
|
43.7% |
| Project Manager |
$102,900 |
$91,200 |
25.3%
|
25.1% |
| Construction Executive |
$199,000
|
$124,000
|
42.9% |
39.6% |
|
(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, 2005.
To view the complete CEL & Associates, Inc. 2006 Real Estate Compensation Survey, please visit http://www.celassociates.com/CompCurrentSummary.cfm |
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