Job switching- career advice

Based on the most helpful WSO content, here’s what you need to consider:

1. Timing for Job Switch:

   • It’s not too early to start exploring opportunities, especially if you’ve been in your current role for a year. Many professionals in real estate and finance transition after 1-2 years in their first role. However, ensure you can articulate a clear and compelling story about why you’re making the switch. Employers value a logical progression in your career path rather than frequent, unexplained moves.

2. Perception of Job Hopping:

   • If you’ve only been in your role for a year, some might view it as job hopping unless you can frame your move strategically. Highlight how your current experience in balance sheet lending and CMBS has equipped you with skills relevant to REPE or acquisitions. Employers in REPE value candidates with a strong foundation in financial analysis and deal structuring, which your current role likely provides.

3. Breaking into REPE/Acquisitions:

   • Networking is key. Start connecting with professionals in REPE and acquisitions to learn about opportunities and gain insights into the industry. Tailor your resume to emphasize deal experience, financial modeling, and any exposure to real estate transactions. Consider taking a real estate financial modeling course or an Argus certification to strengthen your technical skills.

4. Graduate School Consideration:

   • An MSRE from a program like NYU Schack can be a great way to pivot into REPE or acquisitions, especially if you’re struggling to break in directly. However, weigh the cost and time commitment against the potential benefits. If you can break into REPE without going back to school, that might be a more efficient path. On the other hand, if you’re targeting top-tier firms or roles that highly value advanced degrees, an MSRE or MBA could be worthwhile.

5. Next Steps:

   • Start applying to roles in REPE or acquisitions while continuing to build your network. Simultaneously, research graduate programs and assess whether they align with your long-term goals. If you decide to pursue a degree, ensure it’s from a program with strong industry connections and a track record of placing graduates in REPE.

Remember, the key is to present a cohesive narrative about your career progression and demonstrate how your skills and experiences align with your target role. Good luck!

Sources: Which Fall 2020 MSRE program should I pursue to build towards a REPE or REIB career?, Career Advice: Family Office (RE Developer) --> MBA --> REPE, How many Job Switches is too many for an MBA?, How Would You “re-do” Your RE Job Hunt?, When to jump - Advice on switching jobs, careers, and fields