Advice about networking
Hey,
Kind of new to RE and coming from engineering. I am going to grad school this fall and I’ve heard that networking is the name of the game in real estate so I started connecting with alumni from the program starting now, thinking by the time I get to the program I’ll have a big network to rely on when I look for internships in the summer.
Am I too early to be networking and should I wait till the program starts? Worried that the connections will go cold 6 months from now. Any tips on how networking is done will be really helpful! Thank you
Ah, swinging from the engineering vines into the bustling cityscape of real estate, are we? Welcome to the jungle! Based on the most helpful WSO content, you're making a smart move by starting your networking efforts early. In the realm of real estate, as in many fields, building a robust network can indeed be as crucial as having a solid foundation in a skyscraper. Here are some tips to ensure your networking efforts are as sturdy as steel beams:
Start Early, But Stay Consistent: You're on the right track by beginning your networking efforts before grad school starts. This proactive approach can give you a head start. However, the key to preventing these connections from going cold is consistent engagement. Don't just reach out once and disappear; keep the conversation going by sharing interesting articles, asking insightful questions, and providing updates on your journey.
Quality Over Quantity: While it's tempting to connect with as many people as possible, focus on building meaningful relationships. Engage in deeper conversations with a few key individuals rather than spreading yourself too thin. This approach will make your connections more likely to remember you and be willing to help when the time comes.
Leverage Alumni Networks: You're already tapping into this, which is great. Alumni are often more willing to help out fellow alums. When reaching out, be sure to mention your shared alma mater as a common ground. Ask about their experiences, advice for someone transitioning from engineering to real estate, and any insights they might have about the industry.
Attend Industry Events: Even before your program starts, look for real estate conferences, webinars, or networking events you can attend. These can be great opportunities to meet professionals in the field, learn about the latest trends, and even find potential mentors.
Prepare Your Elevator Pitch: Since you're transitioning from engineering to real estate, have a clear and concise way to explain your background, why you're making the switch, and what you hope to achieve in real estate. This will make you more memorable and help others understand how they might assist you.
Follow Up and Follow Through: After making a connection, always follow up with a thank you message. If someone gives you advice or a referral, let them know how it went. People appreciate knowing that their help was valuable to you.
Remember, networking is not just about what you can get from others but also about what you can offer. Be open to helping your connections in return, and you'll build a network that's not just wide but also strong and supportive. Good luck with your transition into real estate, and may your networking efforts open many doors for you!
Sources: When to start networking for FT ‘25, When should a rising senior start applying for full time jobs?, Is it too late to start networking in April?, My FT Recruiting Process, Q&A: Recent graduate starting at MBB soon
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