Eastdil or break into pere/dev
Currently doing investment sales at a well respected team in a sunbelt market for the past year out of college. Getting great deal exposure and learning a lot about the industry.
Trying to decide between trying to break into a repe/development role at a midsize/local firm - could shoot for a TTC/TS/Hines but would be a stretch.
Or try and get into the Eastdil Analyst program to refine my skills and work on larger deals/more exposure to larger players.
Leaning towards trying for Eastdil given the pay bump and track record of best in class training but wondering if it is better to hop right into Pere/Dev regardless of size of firm/prestige or get the elevated training at an eastdil and break in somewhere bigger.
So you don't want to be in brokerage, but your thinking spending more time as a broker is a better plan than jumping into the field you actually want to be in?
I'm not sure I understand why you're having a tough time with this. I can't see a single reason why any firm that ever existed would think "hey, that junior analyst from Eastdil has more of the skills we're looking for than the person who is doing exactly what this job offer entails."
There are certain firms that would take an Eastdil analyst over someone who works at a small time developer. Not saying it’s fair, I’m saying that’s reality.
OP, you should take the best opportunity available to you. If it’s Hines vs Eastdil, obviously go with Hines. If it’s Eastdil VS Joe Blow development… Eastdil might be the better opp
I mean, I suppose that must be true in some instance, somewhere, but I certainly don't know a single development shop that would rather hire a junior broker rather than someone with actual development experience, and I'd be surprised if someone could name more than an instance or two of it happening.
This is not really true for the corporate development shops FWIW. Experience is king there. But true for corporate or even MM PE firms.
what type of firm at you rn? cbre/hff/jll or like berkadia? i think a lil more info matters
CB/JLL. Do pretty much everything but multi
and is it really that hard to get into Hines, etc? who else would they hire. at least scanning linkedin their analysts don’t look extremely impressive
Define impressive. And please don't say a good school 😂
i didn’t mean it in a bad way at all. genuine curiosity. ik it’s an impressive shop but a lot of the analysts just did some random time at cushman, cbre, big 4 > boutique investment position > hines, or landed the job out of undergrad without crazy experience and regular school. i might be anecdotally pulling/seeing the linkedin anomalies idk
and no hahah i barely factor school into the equation. real estate def isn’t like standard corporate finance
Probably a lot harder than Eastdil...
really. interesting. i believe it just interesting. but ya ig that makes sense
Yeah I don’t agree lol. Not sure where all your raging Eastdil hate comes from. It’s hard as hell to get into the shop no matter the office
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