Former IB, PE with experience in CRE acquisitions, development and asset management... But finding it extremely difficult to land a new role in this market. Any tips?

After starting my career in IB (2 years in leveraged finance), then I spent ~5 years on the PE investments side. Decided to pursue an interest and made a career switch to real estate. However, I wanted to go the owner/operator route to understand the dirt/nuts and bolts of things. I've held two role since (1 year at each shop). The first role was focused on acquisitions and asset management at a NYC based owner/operator doing value-add deals. Then an opportunity came up to dive into development. It was an opportunity to learn the more complex part of real estate, do bigger deals and the pay was slightly better. I wore many hats and touched development, acquisitions, asset management etc. Unfortunately the firm was not as well capitalized as I was led to believe and the interest rate hike destroyed their pipeline and stalled deals. This led to downsizing and left me out of a job. I'm in the NY tri-state area. I'm applying to a lot of roles, speaking with all of the head hunters and networking. It doesn't seem to be effective. Does anyone have any suggestions on how to improve my search process? Happy to chat privately.

1 Comments
 

Perspiciatis neque soluta neque nobis. Recusandae non aspernatur magni sit explicabo nesciunt perferendis minus. A est laborum autem rerum aut deserunt voluptatem. Veritatis nihil ut culpa qui necessitatibus cupiditate.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

November 2026 Private Equity

  • Blackstone Group 99.6%
  • The Riverside Company 99.3%
  • KKR (Kohlberg Kravis Roberts) 98.9%
  • Warburg Pincus 98.5%
  • Vista Equity Partners 98.2%

Overall Employee Satisfaction

November 2026 Private Equity

  • Blackstone Group 99.6%
  • KKR (Kohlberg Kravis Roberts) 99.3%
  • The Riverside Company 98.9%
  • Ardian 98.5%
  • Warburg Pincus 98.1%

Professional Growth Opportunities

November 2026 Private Equity

  • Bain Capital 99.6%
  • Blackstone Group 99.3%
  • The Riverside Company 98.9%
  • Starwood Capital Group 98.5%
  • KKR (Kohlberg Kravis Roberts) 98.2%

Total Avg Compensation

November 2026 Private Equity

  • Principal (9) $653
  • Director/MD (24) $547
  • Vice President (100) $364
  • 3rd+ Year Associate (106) $280
  • 2nd Year Associate (236) $272
  • 1st Year Associate (414) $231
  • 3rd+ Year Analyst (33) $157
  • 2nd Year Analyst (97) $134
  • 1st Year Analyst (274) $126
  • Intern/Summer Associate (40) $79
  • Intern/Summer Analyst (357) $61
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”