CRE 2027 SA Timeline
I saw that JpMorgan and Wells Fargo already opened apps for 2027 real estate SA positions and I’m curious if this is standard as I always thought that they were later than IB. As someone looking to go into these roles am I behind if I haven’t networked yet and will other companies open later… a year in advance seems a little crazy and thought was only typical for IB.
Based on the most helpful WSO content, it's not uncommon for certain firms, including JPMorgan and Wells Fargo, to open applications for Summer Analyst (SA) positions earlier than expected, even for real estate roles. While traditionally, real estate recruiting timelines have been more flexible and less structured compared to investment banking (IB), there has been a noticeable trend of earlier openings in recent years, likely influenced by the competitive nature of the industry.
Here’s what you need to know:
Early Openings Are Becoming More Common: While IB has long been known for its early recruiting cycles, some real estate divisions, especially at larger firms like JPMorgan and Wells Fargo, are adopting similar timelines. This is particularly true for roles in real estate finance, REITs, and private equity real estate.
Networking Is Key: If you haven’t started networking yet, you’re not necessarily behind, but it’s crucial to begin as soon as possible. Networking can help you secure referrals, gain insights into the application process, and potentially get your resume pushed forward.
Other Companies May Open Later: Many real estate firms, especially smaller or boutique ones, tend to have more flexible timelines and may open applications closer to the summer of the internship year. However, larger firms and those with structured programs are likely to follow earlier timelines.
Action Plan:
While a year in advance may seem early, it’s becoming the norm for competitive roles. Jump into networking and applications now to stay ahead of the curve!
Sources: SA and Full Time Recruiting 2020 thread, URGENT: Am I Too late for SA 2020?!, Page to log into your Wall Street Oasis member account.
Anyone heard back from DC?
I did my CRE banking internship 6 years ago and I think I applied in October the fall before. This is insane given how I knew nothing about CRE until I took a class fall of Jr year.
It’s wild how much earlier the timelines have been pushed up, but at least for WF, I’m honestly not surprised they put CRE on the IB timeline. Their CRE division has long been a perennial industry leader, with deals like Rockefeller Center and 1 Vanderbilt coming through the door. Wells is bolstering the IB division, but at the end of the day, most IB MDs are still fighting hard to scrape up deals. For someone interested in RE, a seat at WF CRE (though group/location-dependent) is a great spot to land. One thing is that comp will be a little low, but a great place to learn.
I believe those were both CMBS executions. Is their CMBS group not separate from their balance sheet team?
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