Analyst shortage?
Mid level folks, are you having a hard time finding analysts? Have a number of friends in the mid ranks at other firms trying to find analysts, and these are good name firms, and they can’t find decent talent for the life of them. What’s going on with real estate analysts/associates market?
Speaking as an analyst myself who has gotten numerous offers from other firms, it comes down to desire and compensation. I think a lot of analysts were just in a particular job or at a particular company because it’s what they had available and they seemed grateful. However, since the inception of the “rebellion” by the IB analysts over at Goldman, I believe analysts are more aware of how valuable they are, how much firms need their services, and how much profit their groups actually generate vs what gets distributed to analysts. So in essence, analysts are who actually good at what they do are being compensated well and being treated better at their firms. All that is left is average to subpar talent, who wouldn’t even make it to a second round interview. Also gotta remember real estate is still an arcane industry to most. Not many know the lucrative career paths that exist here. Just my two cents.
Can say from the perspective of a graduating senior, many are just not putting in effort to get the experience needed, especially given the past 18 months. I'm all for you only live once, but you can't use that as an excuse not to work hard. I've worked my ass off and have gotten my own positions running acquisitions and asset management functions prior to turning 22. Most my age don't know how to take on real responsibilities.
That said, part of the problem is hiring firms actually getting to the talent they need, like my self. I'd love to discuss how firms can connect better to junior talent. Also, am given my own experiences thus far would love to discuss positions.... shoot your PMs.
Easy there hardo
Hey, I need someone like you. I can pay you $400K base and a 300% bonus.
Holy shit I pray to god I never accidentally hire a fuckin weirdo like you, you sound absolutely insufferable
Pay more and they’ll show up.
Simply put Why on earth would I want to take up the analyst gig that pays $65k when I can grab one at another shop that pays $130k. Tell your buddies to up the comp. Inflation is an actual thing in our lives.
bEcAuSe YoU'lL gEt BeTtEr DeAl ExPeRiEnCe AnD cAn StArT yOuR oWn ShOp iN tHe FuTurE
You're not paying enough. Up the salary and you'll have plenty of good prospects. Somehow, everyone who wants to tell junior people to suck it up in a slack labor market, seems to hate the free market when it doesn't work in their favor...