CRE QUESTIONS - ANALYST/ASSOCIATE YEARS
Currently a sophomore majoring in Finance and Econ with a concentration in real estate. I am looking into a career in CRE and would like to know the following before I start recruiting:
1) As a CRE Analyst or Associate, is there a lot of client interaction/talking or is it more like IB where you just work on models, presentations, and do due diligence all day behind a desk?
2) Is the starting pay good or decent enough for a recent college grad? I heard the big money comes after 2+ years
3) Do you have to be an outgoing/extrovert person during your analyst and associate years? (I’m very introverted but can be extroverted when needed to be)
1) depends on your firm. But you will be on calls etc with brokers and General Partners / Limited partners. Some firms, you will be on legal calls for PSA and LOI negotiations, but not all firms include the analysts / associates on those calls.
2) Starting pay, and pay in general in CRE is all over the map. If you are in NYC/SF or another large city, pay is fine. And in two years it ramps up. Market for an analyst/associate with 2-4 years of experience is probably around $150,000-$180,000 all in. Note how I said analyst or associate - in CRE these designations are somewhat fungible. Some firms don’t have analysts and the associates are the analysts. Some firms don’t have associates. It just depends.
3) Being an introvert you will be 100% fine! There are many people who are introverts and many who are extroverts and all succeed.
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