Need Career Advice! Large Real Estate Firm vs. Specialized Investment Management Role

Hello everyone,

I'm currently at a crossroads in my early career and would greatly appreciate your insights. As a college sophomore, I'm evaluating two job offers in the real estate and finance sectors, trying to decide which would be most beneficial for my future.

The first offer is from a globally recognized real estate firm (akin to CBRE, JLL, Cushman & Wakefield, or Colliers), with the role focusing on fund administration and property accounting. The brand recognition and extensive network of this firm are significant factors in my consideration.

The second offer is from a well-known multifamily asset management company, in their investment management division. This role aligns more closely with my interests in finance and includes a rotational aspect, allowing me to travel to different states, which is quite appealing. It contrasts with the more accounting-centric role at the first firm.

I'm torn between the prestige and networking opportunities offered by a large, renowned firm and a role that aligns more closely with my finance interests at a smaller, specialized company.

I would highly value your perspectives, particularly from those with experience in these sectors, on the potential long-term impacts of either choice.

Thank you in advance for your guidance!

 

Take the brand name recognition as you are only a sophomore in college. I'm sure you know what you want to do now, but that is likely to change by the time you graduate and the brand name recognition/networking is more valuable. Plus the large firms generally are a lot more structured and rigid with their intern program so you'll likely have a bit more to do and will also make more connections with people younger who can help give more relevant guidance as you progress.

 
Charybdis Alignak

Take the brand name recognition as you are only a sophomore in college. I'm sure you know what you want to do now, but that is likely to change by the time you graduate and the brand name recognition/networking is more valuable. Plus the large firms generally are a lot more structured and rigid with their intern program so you'll like have a bit more to do and will also make more connections with people younger who can help give more relevant guidance as you progress.

Makes sense to me, thanks for the reply. Although the smaller firm did seem to have a more structured program compared to the bigger firm with rotations. I guess in the end name recognition is going to go even further for me when I eventually look for future jobs though.

 

I totally disagree with this take. If the second firm has a good rep and is more in line with what you think you want to do then take it. It's not like the first job is IB and will help you with jobs outside of CRE.

Array
 

Sure if the firm has a good rep/recognized, but if it's just a random shop then definitely not. We get tons of resumes for jobs and internships when they're posted on LinkedIn, Select Leaders, etc. you know how fast we go through those resumes, just look for the company names and schools at first if nothing is recognizable its a pass. If something is recognizable then it's a second glance, especially if its a national brokerage where we would probably know someone at that shop and can give them a ring for a reference.

 
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Definitely pick the shop that actually aligns with your interest. First, you’re still a sophomore. I know you have a vision for what you want now, but the whole benefit of an internship is getting a taste of the industry. The second spot seems to be giving you a chance to gain first hand experience in what you think you want to do. That’s much more valuable than the name IMO.

Also, if, as a sophomore you’re able to land both of these internships, have some confidence in yourself! That’s awesome. Just one would be awesome. With EITHER of them on your resume added to what is clearly already strong, I think you’re setting yourself mighty fine to continue down whatever path you choose. That being said, I think that further supports picking the ROLE you think you want, not a name you think will help you in the future. In any future interviews, it will hold much more weight to talk real investment management experience with investment managers over… fund accounting??

 

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