GE Capital Real Estate - Is this relevant for FT banking
Hey guys this was posted on my OCR. I am still in the hunt as I have some interviews with boutiques coming up but was wondering if this would be a good alternative. How is GE Capital - Real Estate for a long term career? What are the exit opportunities? And will this be relevant for when I apply to FT banking?
Summary:
This is an exciting and unique opportunity for an undergraduate student to spend 10 weeks providing a broad range of assistance to the GE Capital Real Estate North America Lending sales team.
At GE Capital Real Estate, we're redefining what's possible. Whether we're growing our investment management business or managing our diverse property portfolio, our global teams are dedicated to partnering with our customers to take on some of the industry's toughest challenges. Join us, and you'll find yourself in an open, collaborative environment in which our experienced, best-in-class professionals are working together to refine our business focus and stay strong. If you're a flexible, ambitious leader who is open to learning and developing new skills, then join GE in developing the next generation of real estate investment products and services that will help build a better world for generations to come.
Visit www.gecapitalrealestate.com to learn more.
Position Description:
Provide deal support for all product types (review rent rolls/operating statements, gather due diligence data, review loan packages, conduct financial modeling) and work with our real estate deal systems. Assist with deal analysis by communicating with customers to gather pertinent deal information, create financial models and compose detailed internal approval documents. You will also assist with the structuring of loan terms, create applications and spearhead the closing of loans working with the risk management and closing teams to ensure a timely and efficient process.
In addition, you may be responsible for assisting in the following:
* Maintenance of a customer database
* Prepare for events
* Other ad hoc projects, as needed
Basic Qualifications:
-Bachelor's degree in progress, with at least sophomore/second year completed by June 2012 with major or special field of study in Business Administration, Finance, Economics, Management, Marketing, Real Estate, Risk Management or Sales
-Prior internship or work experience in an office environment
-GPA of 3.0 or higher on a scale up to 4.0 (unofficial transcript should be available upon request)
-Proficiency with Microsoft Office Suite, including Word, Excel and PowerPoint
-Must be willing to work a minimum of 10 weeks between the months of June and August, 2012 (consecutive weeks preferred)
-Must be willing to work a minimum of 40 hours per week
Desired Characteristics:
-Financial modeling experience
-Prior work experience in a real estate or financial related role
-Strong analytical skills; ability to recognize patterns in data, information and situations and draw logical conclusions
-Strong verbal and written communication and presentation skills
-Strong organizational skills
-Coursework in real estate
-Prior experience with Argus
GE - good company to have on your resume. Real estate - an interesting field; in most countries, a significant proportion of rich people made money in real estate, so it's a good long-term career. No so good if you want to go to banking, unless you get into a RE-related group (or subprime/MBS markets come back to the pre-crisis levels). RE finance is quite different from from other areas of finance (valuation, models, metrics - everything is RE-specific). I think the answer depends on whether you have other options and whether IB is the only place you can imagine yourself in the future.
What year are you?
I am a junior.
IB is not the only place I can see myself working. I care about doing challenging/interesting work and enjoy modeling, financial statement analysis, and industry analysis.
Dont flame me but I could see myself working in corporate/commercial banking, f500 financial analyst roles, and other industries that require financial analysis. I like quantitative/qualitative analysis and enjoy knowing about different companies, etc.
Look, real estate is an interesting and challenging field, so I think you would enjoy it. Besides, as the industry in the end of down cycle (hopefully), there might be a lot of opportunities in 5-10 years down the road if you get in now. I would take it if I were in your position.
This could be a great way to get into top F500 FLDPs if you thins those might be up your alley. If you choose this and do well it could certainly be a good starting point to get into GE's FMP.
not completely relevant BUT for what it's worth i know a pretty well respected guy that went from GE Capital Real Estate to SSG at Goldman.
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