Best Track to REPE - Tech IB or Capital Markets

Hi all,

Although I am still young, I am thinking long-term and setting goals to break into REPE. I have talked to numerous people in IB and RE about the best way to set yourself up to break into REPE. I am an undergrad and am considering two internships, and was curious which one would yield a higher likelihood of setting myself up best to be a REPE candidate a few years down the road. Would you suggest interning as an analyst (and hopefully receiving a return offer) at a MM technology M&A investment bank, or Capital Markets (JLL, CBRE). I have received different pieces of advice and opinions and was curious what the people on WSO thought. Any insight you may have would be greatly appreciated. Thank you all for your time and thoughts. 

 
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It seemed to me that the REPE shops that hired out of UG appreciated candidates with some RE experience. I guess there is some value to “demonstrated interest” in the industry and an internship with a solid group will at least have you somewhat familiar with the technical side.

Obviously going into IB would offer more optionality down the line if you decided you didn’t want to work in real estate. I’ll also add that some firms will (almost) only hire candidates who have completed banking stints - but there are a ton of great shops where this isn’t a prerequisite.

Best of luck!

 

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