IB -> REPE
So I've always liked real estate, but I never found real estate investment banking to be the correct path for me. I'm an incoming analyst at a top BB and top group. My questions are:
- How difficult is it to exit to MF REPE shops from non REIB groups?
- Is it worth exiting to REPE? I find the work interesting, but I've heard the comp is lower than going to traditional PE, and it's a step down in prestige. Not that this matters a ton, but definitely worth considering for my long term career. In other words, would this be considered a step down? How about for MF REPE?
- If it's not worth exiting, what are some other niche exits from top groups are top BBs? I'm familiar with MF PE exits, but what about other areas?
I know my questions are quite general and limited information about what I'm looking for, but anything will help. The more exhaustive the better! Thanks!
I’m speaking based on what I know from my colleagues in the industry. In terms of exits, it is very uphill without coming from a top REGAL or another elite MF RE role as an analyst.
There are much fewer available seats compared to other PE strategies, where there are many hundreds of spots for associates for a given sector. Considering the pipeline isn’t just traditional IB but other real estate and brokerage and the market isn’t quite red-hot again yet,it actually seems even more competitive than other MF strategies.
While MFs might offer the same pay and prestige, I will also say some of my friends who work at smaller shops have been paid out very well. I would say your chances of landing a REPE spot and potentially even getting comped more long-term are higher if you are open to looking downmarket.
What are thoughts on lateraling into a REGAL IB group from a non Real estate group at another bank? Is that possible or practically impossible? How could they better their odds lateraling?
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