Core AM to Dev or REPE?
I come from arch/construction background with no direct finance experience, and I’m currently pursuing MSRE to pivot into the business and finance side of the industry. I may soon receive an offer for a portfolio/asset management role at an institutional investment firm focused primarily on core/core-plus (on the pension fund side), and I’m weighing whether this would be a viable stepping stone toward ultimately transitioning into REPE, Development, or potentially a debt fund/real estate credit role.
Ideally, I would love to go straight into REPE, but without a finance background or hands-on experience, I’m trying to assess whether starting in an asset management role, even if it's focused on core/core-plus, is a reasonable path forward, especially if I map out a clear strategy to pivot down the line. The role will involve me with capital events (disposition and refinancing), but who knows how often or how much.
Otherwise, my long-term goal has always been to get into Development, but I’ve come to understand the significant risks involved, and breaking into development has proven to be extremely difficult. I’m set to graduate next year, but so far, I haven’t had much luck landing a development role. I'm also wondering if I should continue to stick with development, regardless of how long it takes for the market to recover so that I can land something relevant.
I’m at a career crossroads and would appreciate some guidance on what the most realistic and financially rewarding path might look like given my background and current position.
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