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In the realm of asset management at large commercial real estate (CRE) firms like CBRE, Cushman & Wakefield (CW), and JLL, the career path typically starts with an analyst position. Here’s a general outline based on the most helpful WSO content:

1. Starting as an Analyst: Initially, you would start as an asset management analyst. This role often involves financial analysis, budgeting, leasing analysis, and sometimes involvement in refinancing and capital expenditure plans. It's a crucial role that provides a comprehensive understanding of property and asset management.

2. Progression: After gaining experience as an analyst, which typically lasts for a few years, there are several potential paths:

   • Stay within Asset Management: Some choose to continue climbing the ladder within asset management, aiming for senior roles such as senior analyst, asset manager, and eventually senior asset manager or director of asset management.
   • Transition to Real Estate Private Equity (REPE): Transitioning to REPE is a common path for those looking to delve deeper into the investment side of real estate. This move is facilitated by the solid analytical skills and comprehensive industry knowledge gained during their tenure as asset management analysts.

3. Skills and Qualifications: Enhancing your qualifications with certifications such as the CFA or getting an MBA can significantly boost your prospects in both staying within asset management or moving to REPE. These qualifications are highly regarded and can open up more advanced opportunities.

4. Networking and Internal Opportunities: Building a strong network within and outside the firm can provide insights and opportunities for lateral moves or promotions. Large firms often have internal job postings that can lead to transitions across different departments or roles.

Transitioning from asset management to REPE is not unheard of; in fact, it's quite a strategic move for many who want to leverage their analytical skills and real estate knowledge in more investment-focused roles. The key is to excel in your current role, continuously seek to broaden your understanding of the market, and maintain strong professional relationships.

Sources: https://www.wallstreetoasis.com/forum/asset-management/could-use-some-insight-on-careers-in-asset-management?customgpt=1, Why Work in Asset Management?, HELP - Career Path in REPE Asset Management?, Capital markets vs investment sales & general IS advice, Asset Management as a long-term career?