Guys – hoping to get some feedback here – currently a first year associate at a real estate private equity firm in Los Angeles (started in August). I was in a real estate banking analyst program for three years prior in San Francisco, but I am originally from the East Coast. Here is the problem: I hate (i) the firm and (ii) L.A. From a career progression standpoint, I have no doubt that this would be a good place to do a pre-MBA tour of duty at – we do core (stabilized) and opportunistic (ground-up development or significant re-positioning) investments. Solid AUM, no trouble raising capital, etc. Downside is that I am still getting crushed banking style, and internal dynamics are less than favorable. I have also heard pay is below market. Chalk it up to getting suckered by the “myth of the buy-side” or call me a girl – either way, I am tired of the lifestyle.
I have friends at other shops (or friends of friends), and they don’t get crushed as hard or deal with internal BS as much, so I don’t think I categorically hate REPE, and I am hoping that these issues are firm-related. Other issue is that L.A. sucks IMO. I know I am going to catch hell for saying this, but it’s just not for me. Could be a social life issue, could be that traffic on the 405 makes me want to club baby seals or whatever. I am thinking that NYC is a much better fit (pretty confident as I have tons of friends there and have been numerous times for business and fun).
My question is this – am I being a b*tch about this? I.e., should I take the professional development for what it’s worth and chalk the rest up to growing pains, or is life too short and I should look to make a move. Impact on B-School/future PE/etc (assumes that I move to a less “prestigious” firm or a FoF to make the transition happen)?
Thanks in advance all.
Just follow through with clubbing the baby seals... you will feel much better afterwards lol. Why not try hooking up a recruiter like Glocap and explain your situation to them. I think they have offices in both LA and NYC. I'm sure at a minimum they could advise you on what direction to go for what you're trying to achieve.
Aliquam illo consequatur non dolores reprehenderit ut. Voluptas assumenda ut molestiae aliquid eligendi neque. Reiciendis ut eum eius non. Beatae est laudantium velit numquam. Dicta quam ullam qui explicabo iusto nemo distinctio.
Consequatur ex id sed. Sit quo saepe quia ut cupiditate ipsam. Sit aliquam eos quisquam illo sed et. Cum dolores fugit reprehenderit impedit exercitationem voluptatum amet. Quo et earum voluptas eum est.
Eaque in nisi eos quibusdam culpa. Quam vel occaecati eos quisquam qui. Sint fugiat qui quam nulla dolore quos. Autem dignissimos consequatur facilis harum. Quibusdam minima beatae in commodi ut.
Doloribus aut totam eius. Eaque est nihil at blanditiis voluptate et. Harum earum voluptas dolorum iure saepe quasi minima ab. Ad deleniti a debitis totam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...