Impending Recession…Good time to go abroad?
Given the expected slowdown in deals over the next 6-24 months, is now a good time to find a REPE role abroad?
Given real estate is largely a regional business, seems fair to say that you should aim to spend time in the market you want to focus on long-term (exception being REPE / LPs in major cities that invest in other regions and capital raising groups). However, if deals are slowing time, is now a good time to transfer to my firm’s London office?
EU pay is typically lower than major US markets, but perhaps going now for a year or two wouldn’t be a career set back. It would be fairly easy to go work in an investment management or GP role.
We have the same slowdown in investment activity over here, so no point.
You are assuming that this slowdown is only in the US, you should do some research, Europe isn’t doing so hot.
London is doing even worse lmao
The idea wouldn’t be to go because it’s better in terms of deal flow by any means. This would be an opportunity to go to London / abroad for a year or two.
Since there’s no deal flow right now, probably wouldn’t make a big bonus anyways, so might as well go to London since the career opportunity cost isn’t significant.
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