Are you confident in job offers you're receiving right now?
If you are beyond entry-level or in a middle management position, are you confident that for a job offer you're getting right now that the position will still be around for at least a year? I'm currently interviewing with a developer and moving to the next round. They're moving pretty quick but i can't help but feel a little skeptical. They deal with institutional multifamily in the sunbelt region. If an offer becomes live and i accept, it would mean moving or dealing with an hour and a half commute. I'm without a job right now, so it's probably going to be in my best interest to take it. Even if the role lasted 6 to 9 months that would at least give me some cushion. Given how the last few years have been, in the longer-term I don't see myself in the industry. It's been all over the place and it's something I can't endure anymore. I say that as someone who has 8 years of experience in the industry.
...people are actually receiving job offers right now?
it seems to good to be true right now while everyone else is pencils down
There's basically two kinds of firms offering roles today. The first and the most likely, is you are replacing someone who got quit recently because they got tired of managing a shitty portfolio or getting exercisied on underwritings that went nowhere. The second, is actually a firm expanding AUM. The former is much more likely scenario in this market so just be wary what're getting yourself into. The actual AUM expansion is very small number of firms today.
It's a new position from what they've told me, so its one of those firms that's expanding. The interview process is moving quite fast I'm already approaching interview two and it's not yet two weeks since I applied. It seems odd but i guess even in this market, if you're the "unicorn" they're looking for they move fast. All my other interviews have felt like lots of bluffing, where i just wasn't the fit or they were too "iffy" about needing the position.
For those firms that are expanding, what's allowing them to do it?
Access to capital is the main answer or it should be. Someone might say "market oppurtunity" too. I'd defintely ask next round why they are expanding like what's the real driver there.
If you get an offer you’re in a pretty binary position, I think the answer is you take what you can get in the interim. If you’re really not satisfied, accept the offer and keep interviewing but obviously that will burn bridges.
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