Hello All,
I'm currently a senior in college at a North-Eastern semi-target school deciding on two offers for my full time job. My long-term goals would be to work in acquisitions at a top real estate private equity fund / hedge fund but was unfortunately not able to break in out of college.
I'm currently contemplating two offers: One with Eastdil Secured's investment sales team based in a tier II market (Chicago, Boston, Washington DC) and another with a top megafund (BX, Starwood) working in multifamily asset management. Compensation between the two roles would be similar ($140k - $160k all in), but the asset management role would require significantly less hours (closer to 50 hours a week compared to ~80 hours a week with ES)
However, I'm afraid that taking the offer at the private equity firm will pigeonhole me in multi-family / asset management, which I don't want to do at this stage in my career.
Any thoughts or advice would be greatly welcome, along with any additional color as to the exit opportunities coming out of REPE MF AM and brokerage.
You're making ~$150K All-In out of college in brokerage and/or Asset Management and not based in NYC or SF? Not sure Eastdil, BX, Starwood, etc offers that level of compensation for that experience level. Especially in Chicago / Boston / DC.
Yeah, not sure what you were promised but I would not expect that pay...
Anyways, my two cents is Eastdil. You'll learn a lot more than AM.