If you were offered the opportunity to work at a Commercial real estate company like (JLL, CBRE...etc) as a senior analyst with a 50-60% increase on your current salary Vs. getting the opportunity to work at the Investment Banking Team within a major regional bank with no increase in your salary. Which would would you pick and why? What are the exit opportunities? This is in Middle-east.
Thanks guys.
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What do YOU want to do with your life? These are two completely different paths so what YOU want to do is likely going to answer this question for you.
I've always wanted to do IB, but the initial salary increase and the fewer working hours in commercial real-estate is making me think twice.
If you want to do IB, then do IB. Unless you're on the brink of being homeless, the initial salary increase doesn't really matter.
bump ^^
^^^^^
No need to keep bumping this because you are the only person that can truthfully answer. If you want a career in commercial real estate then take that gig, if you want a career in IB then take that job. The increase in salary at this stage in your career is almost irrelevant. As much as the industries are similar they are also extremely different. Both are very lucrative down the road assuming you are competent at your job.
IB v. CRE (Originally Posted: 04/19/2017)
Interning at a boutique consulting firm this summer in valuation dept. No audit services at this firm so no audit support work that I typically hear of for those valuations/TAS at a Big 4.
Was told that if I do well I will receive a full time offer. I have heard/read that it is definitely possible to lateral from val to IB, but curious how much my GPA will hold me back (3.0 from good state school, think Michigan, UVA, UCLA). I don't like the idea of working full time in a job I intend to leave quickly, but if it is the only option I obviously will take it.
Going to definitely try and network this summer to land a full time IB gig so as to try and avoid working full time in valuations. If I end up working full time, will still try and leave.
Also thinking about doing CRE capital markets work. I know some people at the large CRE service firms (CBRE, Eastdil, JLL, etc.).
If I can get my foot in the door in a good CRE firm doing debt/equity placement or investment sales, I don't believe I would have as much of a problem with my pedigree as I would with trying to get into banking and the typical career line (PE, HF, whatever). The work also seems interesting.
Just trying to choose the path that has highest upside and potential for success - hoping you all will have some insight.
Bump
What do you mean by your pedigree? Don't know of many people going from Investment Sales to IBD--much less PE/HF. Three diff businesses discussed here. Maybe talk to your connects in cap markets.
To clarify - thinking about doing CRE full time as opposed to lateralling in to IB from TAS. If I went the CRE route I would stay, not try and get into IB.
Don't want to be stuck in an accounting-esque role if there is little chance of lateralling to IB with a 3.0.
Commercial Real Estate Agent (Commission based) VS unpaid IBD internship? (Originally Posted: 04/10/2013)
Will any of these jobs kill my resume?
I graduated from a target school in December and have been doing a low paying IBD internship... the company is about to go under and I'm looking for something temporary until I find a full-time job.
Is it better to have a "sexy" unpaid internship or a less "sexy" commission based job?
I feel like IBD will add more value to my resume but I think being an unpaid intern is a very negative thing and hiring managers don't like it when somebody who already graduated does unpaid jobs...
Do you want to be in commercial real estate or investment banking? There's your answer
Also, it usually takes about 2 years at least to make any real money in commercial real estate. Sometimes longer. Taking the "paid" job over the unpaid job might not be as big of a difference as you think it is
My goal is to do neither, but IBD is more related to what i want to do...
My question wasn't about the money but about what hiring managers think...
I don't plan to stay in these jobs for 2 years or something like this... so it doesn't matter how much a real estate agent makes after 2 years.
And, I don't know if taking unpaid is better than doing nothing...
Also, doing something is ALWAYS better than doing nothing.
My point, I suppose, is that it's hard to answer based on what you've given. If you want to do PE, for instance, then sure - IBD is the better option.
I will repeat too that selling/leasing commercial real estate for 2 years is completely pointless. You literally might make negative money if they give you a draw. The top producer at my current company (top 3 international brokerage) made literally nothing his first 2 years and owed $36,000 after all was said and done. (Granted he made $350,000 year three, in the 90's or whenever, but still - you get my point)
Why they hell would you stay at a job for two years and still owe 36k?
What I want to do is structuring securitized products and work with institutional clients... but I don't know if I'll be able to achieve my goal now or in the next 1-2 years... so I want to find a valuable experience that can help me develop my set of skills...
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