Does anyone who is at a Top-Tier REPE firm want to share how the PE interview process went? I'm currently at a smaller REPE firm with about $350MM AUM and within the next few years would like to step up to the next level. Definitely would like to hear any stories of those that broke into the "Top Tier" and what it took to get there. Past work experience, recruiters, networking strategies etc.
Best,
Rob
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It's not structured. Hiring is a reaction to resource needs versus forward planning in most instances. So it is best to be networking proactively because when the firm is looking to hire and they already know you the chances of getting a call are much higher.
The last 2 analysts/associates we hired was the result of guys on our team calling people we already knew. We hate paying headhunter fees and will only use them if we can't find anyone in our network first.
I did 4 yrs REIB before joining one of these top tier RE groups.
Yup.
What is the usual background for someone working in REPE? I'm assuming they have worked in a banks RE department? Do people often make the move from places like JLL, C&W? Just interested to know where people who work in their "finance" teams end up in the long run.
No. we typically hire from ibanks, other PE shops, or straight out of undergrad. also, some corp finance/m&a people.
interested
We typically prefer guys who know finance because we can teach them about real estate. With that said, we do like to have 1 or 2 bricks and mortar guys who really understand the nitty gritty of real estate, particularly when we need to get granular in our underwriting.
also curious about this
was at a smaller REPE outfit (though a decent one), and then was recruited by a headhunter. Somebody working at a bank that I'd done a club deal with at my firm recommended the HH contact me and said I was solid w/ models etc... which was lucky I guess, as my current firm typically hires from larger shops/banks.
Do people working in corporate finance role in Developer Firms have a shot at REPE??
Background - Tier 1 Engg College. MBA in Finance from Tier 2 College. Currently working in a developer firm.
My current plan is to switch to some RE consulting/broking firm in corporate finance role. From there on make a move to small time REPE shops. Then probably some big time REPE.
Looks like a v long term thing and i'm not experienced, so a bit confused. Some guidance will be highly appreciated. :)
how helpful are recruiters and head hunters in real estate?
I got into a REPE firm with >50AUM right out of undergrad B school through internship. The interview process for interns and analysts is largely the same. First round you run through the resume and interests. Second round real estate investing case study and DCF model / excel test (no mouse provided lol)
Usually depends on the group within the PE firm. For the firm I work for specifically (around $3b AUM) we hire using college boards of top schools or headhunters. I personally had like 10 interviews before I was hired, and that included a modeling test, plus I needed to send them some sample models)
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