2023 Grads… where to start your career in a recession
As the recession camp begins to grow, I’m wondering where folks who are about to graduate should look to start their careers. It seems like people I look up to in the industry, both big name Jon Gray, Sam Zell, Barry Sternlicht types as well as people I know personally through networking, have attributed a lot of success in their careers from what they learned during downturns.
While potentially graduating into a recession seems daunting, it seems like people coming into the industry at this time have a great learning opportunity ahead of them.
So I’m wondering, what is the best type analyst role to be in right now? Lending, acquisitions, AM, brokerage? Big/small? Asset class focus?
Not necessarily looking for the safest option, rather the best learning opportunity at a firm that probably won’t blow out.
Bump
If shit gets bad, any job > no job.
Credit Risk
Was thinking about working for the special servicing arm. Rialto and Starwood out of Florida have posted 2023 jobs
I won’t weigh in on which vertical to start with. Personally, my advice would be to aim for the one that aligns with your long-term career goals. Personally, I think bigger can sometimes be safer given the conditions but it’s always a gamble.
Probably any debt role where you’re doing workouts should be healthy given our trajectory for the next few months.
You think a loan screening role is a good role during this time?
I am not qualified to help you here. Never personally experienced a true downturn (just missed it) and I have been in acquisitions/asset management my entire career.
China.
Heard of this really big shop doing alot called Evergrande
Which makes up like 0.000000003% of the country's GDP.
If banking, do restructuring. If buy side, go into distressed debt and special situations.
We are in the real estate forum
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