3 Comments
 

Based on the most helpful WSO content, breaking into Commercial Real Estate (CRE) late in the recruiting cycle is challenging but not impossible. Networking will be your most critical tool, as CRE heavily emphasizes relationships over traditional metrics like GPA or prior experience.

Here’s what you can do:

  1. Networking is Key:

    • Reach out to alumni, professionals, and connections in the NYC CRE space. Platforms like LinkedIn and the Collegiate Real Estate Network (CREN) can be invaluable. CREN is a student-led organization that connects undergraduates with CRE opportunities and offers resources like technical training and networking events.
  2. Target Smaller Firms:

    • Many smaller firms or boutique capital advisory firms in NYC may still have openings or be open to hiring interns on a rolling basis. For example, firms like the NYC Capital Advisory Firm mentioned in WSO forums often look for interns to assist with real estate finance, loan sales, and restructuring. These smaller teams provide hands-on exposure and are more flexible with hiring timelines.
  3. Leverage CREN Programs:

    • If you're still in college, consider joining programs like the REFAI certification program offered through CREN. This program provides technical training in real estate finance and can help you stand out to employers. CREN has also helped students access discounted certifications and internship opportunities.
  4. Summer Internship Opportunities:

    • While many large firms may have completed their recruiting, some firms may still have openings due to last-minute changes or cancellations. Keep an eye on WSO forums, CREN announcements, and job boards for updates. Additionally, firms like Cushman & Wakefield or other NYC-based real estate firms may have late-stage openings.
  5. Be Proactive:

    • Email firms directly, even if they don’t have posted openings. Highlight your interest in CRE, willingness to learn, and any relevant skills (e.g., Excel modeling, financial analysis). Mentioning your participation in programs like CREN or REFAI can also strengthen your case.

It’s not too late, but you’ll need to hustle and focus on networking and smaller firms to secure an opportunity.

Sources: Collegiate Real Estate Network | Summer Internship Supplement Series, NYC Capital Advisory Firm - Hiring Intern, FT 2022 recruiting for NYC?

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

Cooked for institutional firms (except brokerage maybe?), but if you go crazy on outreach to smaller firms may have chance

 

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