Student Housing Business is the voice of the student housing industry.
Issue link: https://studenthousingbusiness.epubxp.com/i/564824
JULY/AUGUST 2015 STUDENT HOUSING BUSINESS .COM 34 INDUSTRY COMPENSATION 2015 STUDENT HOUSING INDUSTRY COMPENSATION SURVEY Specialty Consultants (SCI) recently conducted its annual Student Housing Industry Compensation Survey Report, in conjunction with Student Housing Business. By Josh Logelin S CI sent an e-mail invitation and a link to an online survey form to 260 senior executives at student housing industry frms requesting 2014 salary and incentive information for their companies. This was followed up with telephone calls requesting participation and a reminder e-mail. Additionally, the survey was sent to approximately 1500 professionals rep- resenting a cross-section of the positions covered in the survey. The survey was also open to readers of studenthousingbusi- ness.com via a banner advertisement and participation was also encouraged through a sponsored post on LinkedIn that appeared in major student housing-oriented groups. As a result, participation in the survey was nearly double what it was in 2014. The resulting information was compiled and analyzed to produce a statistical abstract of annual compensation categorized by company size and to determine any meaningful trends. Investor appetite is keeping student housing development pipelines growing at record rates and compensation for construction and development professionals is increasing right along with them. Individuals involved in those functions experienced the greatest gains across all three company size categories, and this will certainly continue into 2016. Also, we are at the phase in the cycle where we begin to see more risk and reward: smaller, entrepreneurial companies are beginning to make signifcant strategic growth moves, which includes paying more for top talent. And professionals who feel stymied by the more rigid organizational and compensation structures at larger frms are joining them to take advantage of what they perceive to be greater long-term opportunities. This will continue until company growth fuels another round of portfolio and corporate acquisitions that levels the compensation playing feld once again. Specialty Consultants Inc., is an executive search frm serving the real estate and construction industry. Logelin Low High Mean Median Low High Mean Median Low High Mean Median Chief Executive Officer 120,000 530,400 328,400 350,000 0 925,000 285,600 200,000 200,000 1,455,400 614,000 529,000 Chief Operating Officer/VP of Operations 90,000 360,000 217,100 210,000 0 500,000 165,400 125,000 172,500 160,000 382,500 315,000 Chief Financial Officer/VP of Finance 100,000 360,500 237,600 280,000 0 475,000 154,382 120,000 157,400 835,500 392,000 350,000 VP/Director of Human Resources 85,000 182,000 146,300 154,200 8,500 400,000 74,700 38,000 93,500 575,000 221,000 203,600 Regional VP/VP of Property Management 90,000 160,000 122,100 124,200 0 50,000 22,400 22,500 110,000 185,000 144,500 149,700 Regional Property Manager 50,000 120,000 83,500 85,000 0 30,000 12,200 10,000 56,000 140,000 95,700 100,000 Property Manager 29,000 93,000 57,300 60,000 0 40,000 10,100 8,000 29,000 105,000 67,300 68,000 VP/Director of Marketing/Leasing 49,000 178,000 117,700 131,000 0 46,000 19,600 21,000 49,000 203,500 137,300 150,000 VP/Director of Acquisitions 70,000 288,400 123,400 110,000 7,500 500,000 117,200 70,000 82,500 720,000 240,700 160,000 Acquisitions Associate/Analyst 50,000 75,000 63,500 65,000 5,000 25,000 13,400 15,000 55,000 91,288 77,000 80,000 VP/Director of Asset Management 79,000 375,000 144,600 130,000 0 200,000 54,300 27,000 79,000 525,000 198,800 150,000 Asset Manager 50,000 100,000 69,600 69,500 0 150,000 23,200 6,000 52,500 220,000 92,800 75,000 VP/Director of Development 90,000 260,000 184,400 200,000 25,000 450,000 104,400 56,000 145,000 710,000 288,800 278,000 Development Manager 65,000 125,000 106,100 112,500 6,500 25,000 19,300 20,000 71,500 150,000 125,300 132,500 VP/Director of Construction 75,000 185,000 140,800 150,000 15,000 500,000 97,400 50,000 120,000 575,000 238,200 216,500 Construction Manager 50,000 120,000 92,000 100,000 0 20,000 12,000 10,000 50,000 130,000 104,100 117,500 >7,500 BEDS Base Salary Bonus Total Compensation Low High Mean Median Low High Mean Median Low High Mean Median Chief Executive Officer 98,000 550,000 265,400 200,000 0 300,000 51,100 0 98,000 525,000 311,900 250,000 Chief Operating Officer/VP of Operations 85,000 400,000 179,400 107,600 5,500 140,000 51,600 30,000 101,000 540,000 224,600 132,500 Chief Financial Officer/VP of Finance 61,000 264,000 144,700 126,000 0 150,000 39,900 16,500 78,000 400,000 184,600 151,500 VP/Director of Human Resources 62,100 268,000 111,900 82,500 0 103,000 20,800 3,000 62,100 329,000 132,700 82,500 Regional VP/VP of Property Management 75,000 183,900 126,000 112,000 0 55,200 21,000 18,000 100,000 239,000 147,000 128,000 Regional Property Manager 55,000 120,000 86,300 83,500 0 25,000 14,500 15,000 66,000 140,000 100,800 100,000 Property Manager 23,000 80,000 55,500 59,600 0 80,000 10,600 8,800 30,000 140,000 66,100 65,000 VP/Director of Marketing/Leasing 45,000 160,000 91,400 81,000 0 35,000 13,800 12,000 50,000 160,000 105,200 113,000 VP/Director of Acquisitions 90,000 345,000 172,300 135,000 0 283,000 54,000 22,500 96,000 568,000 226,300 147,500 Acquisitions Associate/Analyst 42,000 120,000 76,300 73,000 0 30,000 12,900 13,800 50,000 150,000 89,200 83,000 VP/Director of Asset Management 61,000 185,000 133,200 135,000 17,000 101,000 35,300 23,500 78,000 286,000 168,500 159,400 Asset Manager 73,400 155,000 112,400 110,500 0 20,000 12,800 15,500 73,400 170,000 125,100 128,500 VP/Director of Development 60,000 365,000 170,100 141,900 0 250,000 94,000 49,500 75,000 565,000 264,100 235,400 Development Manager 55,000 182,300 101,700 92,500 0 63,000 21,700 20,000 55,000 245,300 123,500 112,500 VP/Director of Construction 77,900 325,000 176,800 169,000 0 162,000 57,200 28,000 77,900 487,000 234,000 210,500 Construction Manager 56,000 205,000 110,900 98,000 0 110,000 19,400 10,000 61,000 260,000 130,400 108,000 2,500 ‐ 7,500 BEDS Base Salary Bonus Total Compensation