REPE/Development GPA
I have pretty strong internship experience and go to a well-regarded school but have a not so great GPA (~3.4) just due to some personal reasons. I’m just wondering what GPA most people would be looking for in the acquisitions/development space at respectable firms. Do I stand a strong chance?
Have some buddies with pretty low GPAs in repe. Don’t think it matters like in consulting, experience (internships) will trump that for most companies.
Hate to say it, but most companies in the real estate space don't hire straight out of undergrad. So your GPA only matters insofar as it hurts you from going to graduate school or getting a job elsewhere to use as a stepping stone.
If I were you I would strongly considering becoming a machinist, no one will hire you with a gpa that low.
You're fine. I have a 2.8. real estate is probably the friendliest toward low gpa's out of the "high" finance groups. There are groups out there that request it along with SAT scores but you probably don't want to work there anyway. A 3.4 is not a deal breaker to anyone.
I have never listed my gpa on my resume and am doing fine. But I'm also not at Carlyle or Blackstone.
Funny enough my SAT scores are actually awesome. Wish that was all they asked for lol.
Lmao I think my undergrad GPA was like a 2.83 or something. Made up for it with perfect marks in busienss school, but by then no one gave a shit anyhow. It only really matters for getting your first job at a megafund or something of that nature.
Hell, one of the companies I interviewed with specifically told me they prefer C students with social skills over A students who spent their college career never leaving their dorm room. This is real estate, not rocket science.
That makes me a feel a little better lol I had an internship at a megafund so definitely boosts my resume. Just when I applied I had a much higher GPA, tanked two semesters in a row due to some health issues and I have been freaking out since.
That's something for me to add too - although I ended up working at a smaller firm, my internship was at a big, name-brand firm too alongside Harvard, Wharton, UNC, Duke, etc. grads. Said internship did not care about my GPA either.
Also, if you don’t mind me asking what area/type of firm do you work at (acquisitions, dev, etc.)?
Did almost 10 years of multifamily and mixed-use development and now am doing development on my own with a partner
When you were doing MF & MU development what was your role? Were you on the acquisitions/financing side or construction management side?
The company wasn't structured with a financing/construction split that you'd see at some bigger firms. I'm grateful for this too, as I feel like the structure of a lot of these firms is not beneficial for the people working at them, and results in an incredibly silo'd view of development. We had construction management personnel, but they weren't incredibly useful unless they were on-site. That's something that bigger firms had on us for sure - actually intelligent construction manager personnel.
Anyhow, my role was development management - conception through disposition, soup to nuts. That included site selection, financial underwriting, debt and equity raising, site acquisition, oversight of design, pre-con, some construction, marketing, and lease up, investor communications, and then the sale of the project, first as a junior dev manager working for a senior dev manager and then as the senior dev manager.
Landing a job at any “respectable” firm usually requires solid prior experience and connections to people at said firm.
I highly doubt your GPA has much to do with your chances.
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