I think I'll be on the research team, but from conversations with the employee hiring me, it sounds like they will try to put me on a deal sometime through the summer.
Any tips? I've PM'ed a couple of people from the forum who suggested things such as working towards a real estate license throughout the summer. I'm also currently reading Poorvu's book but it has been a bit dry so I'm only ~60 pages in.
What else do you wish your CRE interns knew?
| +52 | Leave brokerage to be GP | 12 | 1d | |
| +46 | New Comp Database - Google Form (Now with Data Validation) | 24 | 1d | |
| +24 | Seeking Career Guidance in Real Estate Development Post-Graduation | 3 | 2d | |
| +23 | Spreads over SOFR/UST | 5 | 7h | |
| +23 | Going out on your own | 4 | 1d | |
| +22 | REPE/Development GPA | 15 | 4d | |
| +21 | Real Estate = complicated + underpaid | 15 | 1d | |
| +18 | High achiever that doesn’t want to work weekends | 9 | 3h | |
| +17 | Fisher Brothers | 6 | 1d | |
| +17 | MSRE/MSRED with no RE experience; Naive to think I’ll land a job afterwards? | 4 | 5d |
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Which market?
Western Canada
Cool. Thought we might be in the same market but we aren’t.
I am in this exact role right now with one of the above companies. A few takeaways:
Learn your job inside and out, and try to be the best without being a try hard. You never know if you will need to start your career off in research. Kill this internship so worse case scenario you can start there if need be. Your manager might also put you in touch with other hiring managers. Usually internal applications go to the top of the resume pile.
Once you learn your job start networking. Do this without being annoying. Meet with everybody and anybody and pick their brain about their day to day etc. My manager is cool asf and has made introductions with everyone from operations to development for me. Get a feel for how your manager feels about you networking, and possibly introducing you to people.
Try to meet everyone on your team and get to know them a little bit. Know them well enough to hold a conversation, how was their weekend etc.
Look in to groups at your job (mentor programs, young professionals etc)
Most of all just be yourself. Don’t come across as a try hard and do a good job. You’ve got some pretty funny posts on here so I’m sure if you act normal people are going to like you. Research isn’t the most fun job, but it’s not the most boring. Get to know as many people as you can, do a decent job and you will get the full time offer.
Feel free to pm me or ask any more questions. Happy to help.
Always ask for more and meet as many people as you can inside, and outside, of your shop.
The reality is that you're not going to be there long enough to really 'learn the job' since it's probably going to be a lot of ad hoc stuff. You wont be doing a whole lot of underwriting most likely, so it will be things like database and research work. Make sure you do your best on them, and try to think of ways to improve the deliverables you do have. Other than non-annoyingly networking (do not bring up The Machine), best advice is to just be like-able / pleasant to everyone. Try to make people's lives easier that are there full time (can I help with anything?) and ask smart questions.
At firms this size, junior level research roles are typically hired onto brokerage teams after a year or two if they network, at least that’s how it works with ours.
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