CBRE vs. JP Morgan
I am a senior Finance and Marketing major with a certificate in investments. I would like feedback on two different options, CBRE vs JP Morgan.
CBRE: I would be a financial analyst and could after two years move to a different position such as a broker. I think commercial real estate is a good fit because I enjoy finance, but also have strong social skills.
JP Morgan: I would be in a rotational program and after the program ends you are placed in an analyst position based on performance. I am uncertain as to the intensity here, is everyone in the top 95 percentile of intelligence in a location like SF or NY? I am passionate about investments and think there would be more options for career growth here. Would strong social skills even matter much in this industry?
What division of JP Morgan?
Edit - I guess you would be an analyst for some type of securities? I guess the question is do you want to be in commercial real estate? The CB position could lead to many exciting things but you have to want to be in real estate.
Yes I do want to be in commercial real estate, I love this area as well as investments and have earned a certification in Argus Enterprise. What would some different opportunities down the road in commercial real estate?
Keep this in mind, real estate is a very narrow focus, once you take this route it will be very hard to switch into another area of finance. You will be pigeon holed, and will need to get your m.b.a. to potentially switch career tracks.
I would take the offer with JP, it is a global brand and no matter what you do everyone in the U.S. has heard of them, as opposed to CBRE. While they are a very respected firm I would venture a guess that maybe 30% of people know what they do, and even less that they dominate the market.
My advice to you in this stage of your career is develop your hard skills, modeling, analysis etc. You will have a much broader range of options at JP doing this. As an example I constantly see job ads for RE P.E. and they are looking for candidates with investment banking experience, with real estate as a plus not a requirement. So you can always switch over to real estate later, but you cannot switch back into a JP finance role. Also you can transfer over to one of the MANY real estate arms JP has, and working in one of their RE divisions is easier to do if you are transferring internally.
JP Morgan is a financial supermarket, you were extremely vague in your OP. if you actually have an offer from them, you need to explain what division/group/etc
Yea I would say this is dependent on the group at JP Morgan. I would never take a gig and JP Morgan just for the name especially if you are in a crap group that you have no interest in. If you want to be in real estate I would take the CBRE offer all day unless its is JP Morgan Asset Management and you are doing acquisitions or asset management.
The JP Morgan job is a rotational program in Operations. Its two years and you are placed in a new position when it ends depending on performance.
CBRE. Operations sucks.
^ This
LoL...
CBRE all day....when you are done the wheel program or whatever you can stay or even transition to a REIT or REPE potentially assuming you do a good job. When you finish the operations rotation at JP Morgan.....I don't know what you do from there.
cbre, once you get into operations there is no way out
Don't do Ops. CRBE all the way
If commercial real estate is what you want to do, CBRE is definitely the way to go. There are a lot of opportunities beyond the standard brokerage and debt/structured finance roles at CBRE (and JLL, Cushman to be fair) that could be more client-facing and consultative and less transactional if that suits your personality.
What division of cbre? Institutional Properties? Private Capital? Are you an analyst on a leasing team? If so, agency or tenant? If you want CRE, then go to CBRE. My advice would be to become an analyst on an institutional properties team, private capital team, or structured debt team. This way you will pick up the modeling experience. Institutional Properties and Private Capital are both investment sales, the institutional properties team works with only class A central business district though. Some analysts from the institutional properties team in my cities move to major developers and private equity firms after 2 years.
Not like you are turning down IBD at JP. Exit ops will be limited from the operations group. If you want to be in real estate, take the CBRE offer and don't look back (its for the wheel program right?). Options from there include sales brokerage, leasing brokerage, capital raising, principal investing, lending - just about all of which require social and analytical skills. Also consider that you are posting in a real estate forum so people here are naturally going to gravitate that way.
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