Hi. What is the difference between roles in a large brokerage firm (JLL, Newmark, CBRE etc) in Investment Sales, Capital Markets, and Valuation & Advisory?
Just looking in terms of day to day responsibilities, travel, and prospectives into REPE.
IS/CM: At a top shop, the RE equivalent of banking if you're in a good group (Eastdil SF or LA, C&W NYC, CBRE National, etc. (a lot of other teams kill it, too (don't get butthurt, just examples))). You'll spend a lot of time in the model/Argus and on presentations which means you'll learn both the real estate and relevant skills. You'll get to work on live deals which will help you jump to REPE/REIT/Insurance if that's what you want or continue on the sell side if that's the ladder you want to climb in the end.
MM IS: This is often sales Glengarry Glen Ross style. Some people thrive and make lots of money, many don't.
V&A: Really variable, tbh. You could end up supporting a really cool platform on equity side AM or underwriting Fannie and Freddie deals (been there, would not recommend). Regardless of what people may say, you can still exit to a good place from here (even the buy side). Pay is...less
I would separate the above from the CBRE Financial Consulting group. Many people have jumped to top brokerage/buyside roles. Great place to start.
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IS/CM: At a top shop, the RE equivalent of banking if you're in a good group (Eastdil SF or LA, C&W NYC, CBRE National, etc. (a lot of other teams kill it, too (don't get butthurt, just examples))). You'll spend a lot of time in the model/Argus and on presentations which means you'll learn both the real estate and relevant skills. You'll get to work on live deals which will help you jump to REPE/REIT/Insurance if that's what you want or continue on the sell side if that's the ladder you want to climb in the end.
MM IS: This is often sales Glengarry Glen Ross style. Some people thrive and make lots of money, many don't.
V&A: Really variable, tbh. You could end up supporting a really cool platform on equity side AM or underwriting Fannie and Freddie deals (been there, would not recommend). Regardless of what people may say, you can still exit to a good place from here (even the buy side). Pay is...less
I would separate the above from the CBRE Financial Consulting group. Many people have jumped to top brokerage/buyside roles. Great place to start.
Sunt voluptatem quae cum. Quo necessitatibus corrupti quo ut debitis. Cupiditate consequuntur dicta aut qui id temporibus. Recusandae a aut architecto et sed ad iusto.
Minima non nulla laudantium enim. Ad libero molestias voluptas consequatur itaque neque. Adipisci accusantium perspiciatis quia dicta repellat culpa voluptatem.
Et aut eum et et dolorum velit. Id vel et ad beatae quidem error quia.
Suscipit voluptate perferendis qui eveniet sint. Aut earum esse harum nihil commodi dolor modi. Est excepturi dolorum occaecati id. Impedit quia iusto eos accusamus facilis. Consequatur labore rerum dolorem et dolorum. Ut inventore molestiae delectus qui illum asperiores.
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