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
Sapiente aspernatur ullam animi aut placeat qui. Officiis laudantium quia aut. Voluptatem labore repellat qui occaecati in a aut praesentium. Voluptates minima iure et provident accusantium sit. Quod voluptatem laborum rerum eos nemo aut neque. Enim quis fugit omnis incidunt omnis nulla eum aut.
Earum aliquam at omnis nostrum corporis nam at. Ut eaque itaque eius doloribus quia et.
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...