Anyone hear much about these new kids on the block? I think we're all quite familiar with the last one on the list. Feel free to throw in other new shops that you'd like to hear the tea on. let's hear comp, culture, hours, spicy experiences with them if you've had any encounters
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As always these newer shops the main thing you have to battle for is career growth, they're not going to hold your hand you have to force the change from senior analyst to associate by getting a license yourself etc. They're too new to have programs for these. They would happily keep you in an analyst position for 15 years.
Also no formal training programs they're going to throw you into the water without teaching you how to swim - but that is ok - its a great way to learn quickly. However if you don't have the proper fortitude you might struggle mentally.
Aside from Peakhill you've just named brokerages - GreenBirch and Balmoral are advisory/placement shops and don't lend themselves. Frankly I've never heard of GreenBirch before this thread, and Balmoral is very new so hard to tell you much about them aside from seeing that the co-founders are in their late 20s/early 30s (this doesn't necessarily mean anything long term but just that they're not heavyweights at this point).
Peakhill is in a totally different league from the other guys you mentioned and are also a debt fund.
Worked at an RE debt shop (KingSett / Timbercreek / Trez / Peakhill).
The pros of working on debt side is (1) you really get to see all kinds of real estate asset classes. A lot of the REPE GPs are pretty siloed with their asset class and investment strategies. (2) it’s very fast paced on the Canadian side of things, especially with multifamily. If you like seeing deals close, it’s a good spot. (3) you rlly learn to understand the processes of getting debt approved. (4) hours are more lean than equity side of things (40-50h if ur efficient)
Cons (1) weak modelling skillset acquired (at least at my shop, the model was a joke lol), (2) it can get boring everytime cuz it’s always the same processes again and again, (3) promotion can be very hard esp when the team is so lean, (4) the pay… let’s just say it’s not the greatest, I only cleared slightly above ~110k as an analyst. My peers who had diff background also had a diff base. It’s literally a black box sometimes which I don’t like
Can you PM me? I'd like to discuss your debt and PE experience, I'm trying to figure a career path for myself.
Following up on request to DM
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Any colour between comp/bonus split?
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