CRE vs REPE vs REIB
I'm an incoming IB summer analyst at a boutique in the southeast. I'm considering getting my masters in real estate finance and re-recruiting for REIB or REPE, but I'd like to get an idea about CRE vs REPE vs REIB in terms of hours, pay, and overall satisfaction of the job.
Also – would getting a MRE be better than trying to lateral after my internship next summer?
Edit: I understand that these are completely different career paths but I just want to hear more about them
CRE and REPE are totally different career paths tbh. Not even comparable in the slightest.
I mean just work out those acronyms and you will see for yourself.
I just wanted to hear about experiences in each field
Don’t worry. I was joking around.
CRE can be broadly broken down into development, brokerage, acquisitions, asset management, leasing, property management, capital markets. I would suggest that you try to network with people within these verticals to get a better sense of what you think you would be interested in.
in addition to this forum, there should be a ton of info online to review on each category. Happy hunting!
So, since I really do believe you are asking this question in honest good faith, I will do my best to give some quick, concise help. But, in general, you can find some "in-depth" debates on the various fields, roles, firms, etc. by searching WSO or just reading along. Your question is wayyyy to vague to hope to get much response. The above commenter seems to be having some fun with you regarding "CRE vs. REPE"... since REPE would BE a subset of CRE (one that is poorly defined, and kinda only really exists in the mind of students and WSO by the way its discussed, but that is rant for a different thread!). So setting up CRE vs. REPE makes no sense, hence expect no answer (REIB stuff has plenty of threads).
Also, I am not sure why grad school would be an immediate consideration if you are a rising junior from what it sounds like. I'd think you would want to at least go the full recruiting cycle before deciding if grad school direct from UG is worth doing. Personally, I'd advise at least a few years of work before you consider MSRE/Ds or MBAs. Yes, you can get admitted directly, and for some its a good idea, I think you get tons more if you work first.
Either way, my advice.... just learn as much as you can. Join the big CRE orgs as a student member, like NAIOP, ULI, ICSC, etc. Go to meetings as best you can. Read places like GlobeSt and Bisnow and try and get as much context on the players and firms as you can. You can even start doing some of the online modeling courses now. I think you will figure it out in plenty of time.
Appreciate the insight man. Definitely should have structured my question or made different threads for this topic haha
Live and learn!
depends on what you want to achieve in life. IBD in BB real estate groups probably pay the most, 200k and 220k all-in for first and second-year analysts; at the associate level (2 years of experience), people routinely take home 300k-400k a year. The downside of IB is the unpredictability of the job and horrible hours (average 80+ per week). CRE definitely pays on the lower end, would expect less than 100k starting salary and little progression from there. Better hours though. REPE at megafunds will pay you in line with REIB at BB and work you as hard; on the other end, smaller REPE funds can pay terribly but offer better work life balance
REIB analysts/associates do not make that kind of coin.
They do.. with the most recent base increase, the first year and second year's base are 100k and 110k (Goldman at 110k and 130k) respectively. Bonus ranges from 80%-100% base + 15k signing bonus. For associates, associate 1's base is 175k across the street with bonus 80%-100% of base, and 50k signing bonus. The all-in number should approach 450k for associate 3.
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