Choosing Between 2 Offers
deleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleted
If the larger firm is a highly recognizable name I would go that route. At entry level the name brand will add more value to your resume and asset management from a top shop is typically a fairly easy switch to acquisitions later.
Offer 1 hands down. 150k all ijn comp for year-1 and work-life balance. No brainer.
Offer 1 by far especially considering it’s your first RE job.
Save the smaller shops for down the road in your career and get the brand name on your resume and you know the experience you’ll get. Small shops can be a home run but they can also be a complete disaster if you don’t know what you’re getting yourself into.
With the info provided here.... I'd go Offer 1, all in all, size is good for first job, and it pays better, and probably a better launch pad overall. If you had really strong conviction about Offer 2, well you wouldn't be here asking lol, but that could change a person's mind (that's beyond any of our abilities to tell you).
The other way to view this.... if you got the first job, could you get the other one later (or something higher up at that firm)... the answer is probably yes (or with similar type smaller shops). But, would the reverse be true? Not as easily for sure!
Brand name is extremely important, even in real estate. I got way more headhunters reaching out / interviews from cold apps after moving to a larger shop.
That being said, how small is the REPE firm? Is it ‘not a megafund’ small or is it actually small? That comp is pretty high for a small shop, so it might not be that small of a firm. Check the PERE 100 list and if your firm is on that, I’d go with the REPE role given you want to do acquisitions long term. Also doesn’t hurt to negotiate the pay up for both offers.
There are a few things I disagree about your first point (and I'm writing this after his post was deleted, so I have zero background haha). 1) We don't know his situation, maybe he really needs the money to cover student loans, family emergency, etc. 2) I generally agree that experience is more important for a first job than money when making considerations, but if you feel the two jobs are roughly the same in terms of your responsibility and learning ability, then definitely go for the higher dollars. 3) I don't think it's healthy to put too much stock in your job, by that I mean it's important to recognize that your job is just that, a job, you are selling your labor. It's not what defines you and shouldn't be some sacrosanct experience where prestige or self-importance or whatever guides your decisions. Sure it's great if you generally enjoy what you do, I definitely do, but I also have no problem stopping when I need to, setting up boundaries, and recognizing that ultimately it's just business. In that regard, money is the ultimate determinant of your value. If I'm giving a company 40-50 hours out of my week for my job (exclusive of commute), I'm going to get the most money I can for it.
Why delete the original post? Removes all value of the thread.
Sorry for that. I believe I may have been a bit too specific and received a phone call regarding the post.
God damn, really? I responded to your initial post and remember it and don’t recall anything too specific. Hopefully all is well.
.
Oh man haha - good luck then
Deleniti eos reprehenderit ratione qui debitis iure aut. Accusamus dignissimos optio molestiae et similique minus. Omnis rem est officia dolorum doloremque. Quaerat dolorum ab iusto id sunt. Nemo voluptatem voluptatem quasi enim et molestiae iusto.
Pariatur est et quas laborum explicabo error fugit. Consequatur voluptas at rem dolore inventore possimus eaque. Non id ut est quo provident vel iure. Dolorum et atque quia. Molestiae repellat aspernatur vel aut debitis nam harum voluptatem. Maiores qui vel asperiores similique quis.
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...