Career Advice: Valuations vs. Acquisitions

Hi all,

I was wondering if I could gather yall's thoughts on which opportunity I should take. For starters, my long term goal is to end up in acquisitions at an REPE shop.

I am currently entertaining two offers:
1. Valuation & Advisory at a top brokerage
2. Acquisitions at a REIT

While the choice should be pretty clear, the REIT acquisitions would be entirely triple-net acquisitions. Which is not necessarily the property type that I would like to end up on. Also, I do understand that because the underwriting process is so different for triple-net properties, that staying too long could pigeon hole into that property type.

On the flip side, I think that appraisal has its own merits. From what I have learned from speaking with REPE people, a lot of people do come from an appraisal background. And the skills learned from the job can be transferable. However, again it would be another pigeon hole situation.

So if my long term goals are for example, multi-family acquisitions, which offer would be more conducive to reaching that goal?

Thank you in advance for any and all input on the matter.

 

Got it, I appreciate the advice guys.

Though, could yall comment on the nature of triple net? I do appreciate the merits of developing deal experience and gaining the soft skills required of lease negotiations. However, in terms of the technical stuff, there would be little to no modeling. Would that make it hard to transition to another property type?

Thank you.

 
Most Helpful

I understand your hesitation, and your being thoughtful about the actual learning opportunity both offers would provide rather than just the face value of the title.

That being said, acquisitions roles are more than just underwriting deals. You'll underwrite, do due diligence, and work to a closing. These skills are transferable to any other acquisitions role, and it will be easier to jump to another acquisitions role from acquisitions than valuations.

Congrats on the offers and good luck!

 

Hic est quisquam modi quia expedita non molestiae. Nostrum est modi culpa. Vel nihil eum dignissimos modi. Deleniti excepturi ullam ut nihil ut temporibus laboriosam. Velit autem est ab doloribus animi inventore ut.

Ut et unde veniam excepturi ut at nostrum rerum. Iure beatae error provident et. Velit voluptas qui natus a ut.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
kanon's picture
kanon
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
DrApeman's picture
DrApeman
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”