Anyone know what firms are currently looking for full-time analysts?
What's the best resource to find these opportunities at? Indeed? Selectleaders? LinkedIn?
Thanks
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I'd be shocked if this approach worked for you. Try selectleaders.com or the ULI job board. In your case, you have to convince someone that you really want to be in real estate and not doing something else. Doesn't help you that many of those roles are drying up as we near the end of the cycle. Good luck.
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If you want to get into brokerage you need to network. Applications probably do work, but the brokers will usually take someone that networked with them. Analyst role or not, they want the person who is hungry. Instead of submitted apps, I would focus on networking. Email a broker, if they don't answer the first time, email them again. Rinse and repeat because they will answer you if you email them 5 times.
In regards to acquisitions roles, select leaders is great. Networking is a good bet too. With banking experience, someone will put up your resume.
Isn't the uli job board just select leaders?
Could be, I've never needed it.
Honestly real estate is becoming more and more attractive to people carreer wise every day and analyst postitons are pretty dang competitive. People preach the networking thing in RE all time for jobs. My experience is that networking (job wise) really only works if you have some experience and something to add (IS to acquisitions...leasing to AM) in other words logical jumps. Breaking in with no experience is tough, I've seen many guys I know try and fail and give up.
I don't want to discourage you but in reality you might have to do something like leasing or go back to school in order to get acquisitions type of jobs. It's just too competitve now. 10-15 years ago would have a been a different story.
I want to qualify my post by saying that I am taking about instituonal stuff. For non-institutional stuff maybe the barrier to entry is lower.
What do you consider institutional? When I started in RE I had three offers from two different public cos entirely through networking. All were for Associate/Senior Associate positions on the top brokerage teams in the market. I had zero connections and only internship level experience at the time. I landed my current job at one of the top developers in the county the same way so I know it's not just exclusive to brokerage.
Fact is, most jobs are filled internally or through family and friends. The only way you can even remotely compete is by networking. When you apply the standard way you are 1 of 100s (1000s?) of people that look identical on paper. When you network you are 1 of 10 who made the effort to connect and establish a memorable relationship.
Finding a new job in any business takes time and effort. Above all else you need to play the odds. You increase your odds buy building relationships with people and getting them to trust you.
My experiences so far with trying to get into the industry and with networking is..
To land a job with said persons firm they need to have a job opening and if they did they would have likely posted it either or their site or through Select Leaders. Most of my calls I'm having people are telling me to keep tabs on postings and apply then reach out.
I agree with Count_Chocula that Select Leaders or ULI's Select Leaders is the best "job board" for real estate. Indeed.com usually has some postings too.
The best way to find something though, hands down, is to network with people in the industry. Jobs that are posted get 1000's of responses. Jobs that are filled without postings have like...3 candidates. You, the boss's friend's unqualified son, and someone else who networked in.
Thing is, a notable firm is likely going to post the job if there's an opening. Best shot from what I've seen is to network and then once you see an opening hopefully get an interview.
If I recall correctly companies are required to post jobs for EEO purposes, especially public firms. By the time they post them they've already found the candidate they are going to hire.
This just showed up on my linkedin:
"FRESH ON TABLE - Financial Analyst - from INVESTMENT BANKING EXPERIENCE who want to be in REAL ESTATE! Location - LOS ANGELES. 2013-2015 undergraduate from premier school in USA with 3+ GPA. If you think you are a ROCK STAR in financial modeling- THIS IS THE JOB !! APPLY NOW IN CONFIDENCE - [email protected]."
RETS is actually a pretty legit group with some top notch clients, but that posting reads like a middle school girls Facebook feed.
Not to hijack but didn't want to start a new thread..
Applied to a big firm and I reached out to an MD through email basically just expressing my interest and letting him know i applied. He emailed back nicely and CCed the head of group of job contact and said he'd be right contact. Do I send him a separate email even though he was CCed on reply from MD?
I would. Especially if it has been a day or two. Just say you wanted to follow up and set up a time to connect.
I sent email out this morning to MD and he replied back right away. So I should wait a few days then reach out to the other contact?
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