Developer vs REPE
Looking to get both sides here. Which shop would offer better long-term career and salary progression. Currently in undergrad and have an opportunity for both places but still deciding on where I should go.
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All else being equal (pay, brand name, etc...) REPE. REPE generally has better comp as a junior, I'd argue that it's easier going from REPE to Dev as a junior rather than from Dev to REPE (def possible though) so there's more flexibility later on if you want to switch, and lastly, get those financial modeling reps in, which is a skill both jobs appreciate.
I would not pick one or the other based on pay. Figure out what you like or want to do, and do that. Both jobs pay well and both have their own paths to advancement (though they're a bit different). Hard to tell someone else what to do without knowing their appetite for risk or their skills or interests or anything else
A few thoughts:
I did the REPE to development route. Get your 30,000 foot view and then “progress” to the ground level. The best way to stay in the game is to have a diversity of skillsets. The best way to get rich is knowing when to use a particular skillset(s).
I did a few years of development at a large shop and believe it's the best way to learn real estate, especially early in your career. If you know what goes into building these things, I think the other side can be figured out fairly easy.
Agreed that the shop needs to be getting reps in order to be meaningful. I know plenty of people who had bad experiences at local development shops and wasted a time in their early years.
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