Career path advice anyone?
currently entry level analyst in corp real estate (non-RE firm) for past 8 months doing basically financial operations for a F20 company.. First full time job out of school. i dont like my current position at all. it sucks and is basically data compilation. its basically a financial analyst role with no RE experience being gained. There are 1 or 2 other groups within RE there that im sort of interested in that i can potentially switch to. company allows internal job applying after 1 year. I really like the people here and have even gotten really friendly with one manager on a team im interested in who i can use as a network if a job opens up on his team however thats unlikely as they operate rather small.
im mainly interested in acquisitions/Asset Management within a pure RE investment firm. i have intern experience as i worked for a small firm for a few months. My main question/advice im seeking is, do you think i should stick it out for a year and revaluate then? Another big thing is my job right now is at a suburb corporate campus which I ABSOLUTELY hate. Rather be in city. ive been applying to RE firms but pretty much nothing in regards to interviews. i have an interview with a tech like rather notable firm (not F100) next week for an analyst for their RE, basically analyzing leases and potential ones, financial reporting, etc. thing is, not sure if it would be any better lol. Any advice appreciated.
Bump
If you want to work in acquisitions or Asset Management for a traditional RE firm, network with people who do so and get yourself an offer. No use delaying.
I'll have to for sure. Also I actually don't mind corporate atmosphere. Working at like a JLL would interest me as well but be been researching mainly firms who deal with multi family.
I'm seeing a lot of Analyst roles asking for some crazy qualifications.
Can anyone also comment on company culture at smaller investment firms? im in a large corporation now and besdies just the workplace (location that is) I dont mind corporate life. Benefits are great. I'm afraid moving to a small shop, it could be boring.
Small vs. big has been discussed on WSO ad nauseum but here's a quick and dirty - others may highlight other considerations but from my seat: it's group/culture dependent. You have to gauge that primarily based on your interactions with the group when you're networking or interviewing, secondarily from reputation (some might flip those or equal weight them; this is my personal preference). I worked in a small real estate group at an F50 that was sleepy as hell. I worked in a large real estate group at a BB that was a non-stop party with lots of camaraderie and mentorship. I've heard of other groups in those two classes that were the opposite of what I've described. It all varies group to group, with much of the macro tone being set by the heads of the group. That said, I'll always argue that, all else equal (job role, learning, responsibilities, pay, etc.), at the start of your career, go for as big a name as you can get. It's always easier to go from a blue chip firm to a boutique than the other way around.
Current job im at is a F25 company. I just interviewed for smaller firm's RE department. The job entails financialreporting dealing with leases and such and also projects dealing with office space and such. right now my role is just soley data compilation. Still would have a final interview to go with this company. Would have to think it over hard if i got an offer.
I applied for analyst at a development firm which states position will entail pro forma devolpment, creating investor presentations, assisting in budgets and financing of new projects , market analysis and also other tasks related to existing projects.
It sounds like good stuff and the company has some development projects of mainly apartment complexes which I've avtually drove past before. However, I can only find the two partners on LinkedIn despite it being a 20 person company or so. Office looks to be in crap area as well. They asked me to come in for an interview. Guess it can't hurt?
If they work out of a crap office, it sounds like their Asset Management team is on point.
Who cares where the office is. What you should be worried about is: do they have dealflow, are you going to learn a lot in an area you're interested in, and will you develop a skill set that will make you valuable to future employers
Big versus small firm size is still a consideration, but that financial reporting job in the other group at the F25... I don't know that financial reporting is going to count for anything anywhere, regardless of firm notoriety, at least if FO is your goal...
True.
They develop manly large apartment complexes. Looks like decent deal flow. Their ideal responsibilities on posting say excel modeling however I know basic terminology but don't have the experience developing it from scratch. Looks like I'll do some studying bedorehand
Chances on, they already have a model they use
Consequatur distinctio quo sequi. Fuga perspiciatis dolores eveniet a sapiente. Recusandae aut nisi qui aut cupiditate.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...