Anyone else having a hard time landing an analyst position out of undergrad?
I’m a recent grad who studied finance & real estate in undergrad at a less prominent university in the south east us. In this time I had a couple internships in cre and have completed industry certifications. I love the industry and want to land an analyst position but recently it doesn’t look good.
I’ve had some interviews and it either didn’t work out or the fit wasn’t right. But as of the last month the job boards have seemed very dry. I hope on multiple networking calls a week but most say hiring has paused.
If anyone has advice or insight if truly appreciate it. Also, if anyone would like to hop on a quick call to shed their advice please dm.
In a similar boat, have a RE MSc + 4yrs industry experience and not seeing much come up. I see a barista gig in my near future
I came from a similar position except I had 0 CRE internships and was 1 year out of undergrad. I had no experience in CRE but went to as many networking coffees & lunches as I could with local leaders in CRE (directors at CBRE, JLL, etc.). After searching since March I finally landed an analyst role in August & someone I had shared coffee with referred me to the firm that ended up hiring me. Keep after it, I know it gets super frustrating at times and feels like nothing is working. You never know what/who will turn into an opportunity a few months down the line. Add as many people on LinkedIn who work in CRE in your city as possible and invite them all out to coffee. Something will come up!
Unless it's a large national firm like Related or CBRE, most CRE shops hire on an as-needed basis, or pull from their summer intern class if they have one (most don't have super formal recruiting like IB). So it's not really like PE on-cycle recruiting.
Expect more postings to open up in December - February, as traditionally around bonus time is when firms start trimming the fat and making cuts to non-performers, manage people out, give a shit bonus as an indication to leave, etc.
Keep interviewing and applying. If it's been a long dry spell, consider getting a supplemental job for the meantime (don't have to put this on resume) for some income. Could even look into semi RE finance gigs like property manager, appraisal, etc. Might be awhile given the super low transaction volume coupled with high rates. If you want to do RE as a career and not just land a job, stick with it. Keep reading, networking, keeping up with the industry. I know it seems tough now, but you'll land something eventually.
“You got the makings of greatness in you, but you gotta take the helm and chart your own course! Stick to it, no matter the squalls! And when the time comes, you'll get the chance to really test the cut of your sails and show what you're made of! And... well, I hope I'm there, catching some of the light coming off you that day.”
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