Unpaid internship for experience?
I am a second year at a non-target in the boston area. I am interested in working in the real estate industry possibly in research or portfolio management for commercial real estate. I clearly don't know what I am talking about but I'm trying to learn what I want to do. Is it smart for me to take an unpaid intern position at a real estate brokerage firm. It is part time and I would probably only work 1-2 days a week and be the office bitch. This would just be to throw on my resume. Waste of time or no?
No not at all. Take any experience you can get
At semi-target, did a non-paid internship and it was the best decision looking back. Was ass showing up and leaving with no money in the pocket, but was always the most interesting discussion point on the resume given the firms reputation
Yes, do it. Having an internship, especially at a brand name, as a sophomore makes junior year recruiting so much easier.
Definitely do it. Will be a huge help when you try to land your next internship or job after graduating. And nobody needs to know it was unpaid, they just want to see you have some experience in the industry
Getting in the real estate game is a lot less structured than some of the other paths. Hustle is huge. Take the opportunity, get some exposure and bust your ass. You may not see the payoff immediately but it’ll happen.
Unpaid internships are bullshit, but if I was in your position I'd take it as well. You want that on your resume.
If you don't have family in the industry that can guarantee junior year / FT roles, you need to build your resume in any way you can. A few months working unpaid means nothing when you break into the career you want to in the long-term.
Companies that specifically offer unpaid internships are shitty. That said, that doesn't mean it isn't worth it. I found 2 partners that had a very small PE shop in my town at a non-target and I harassed them until they agreed to give me an unpaid internship - that experience was awesome because the company wasn't just looking for free labor.
This is good. Next year you'll get a paid internship.
Was in nearly the same circumstance as you in college. I didn't decide until my senior year that I wanted to go the CRE route. I had Zero CRE experience up until this point, so I knew I had to hustle and take what I could get. After 100+ job apps and networking a ton, I got an unpaid internship at a family friend's NNN lease brokerage shop. Was doing rent comp and market research reports for him for a couple of months and I landed my first full time role because of that unpaid internship.
Relevant and useful experience over a certain threshold of time trumps everything in RE. It will trump an MBA and an MSRE.
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