Does SMU and UT just have a chokehold on Dallas (DFW) REPE?
I feel like in other markets you see the local schools somewhat represented around 50%-60% of analyst but it seems like every single Dallas and Austin firm only hires from mainly those two.
Let me know if I have any hope coming from the midwest.
Well probably cause they don't really get hired outside of that region, that's their alumni base. I rarely run into grads from either the Mid-Atlantic, NYC, Miami, or Atl. I don't know about Out West, though. From the Tx area there are a lot of AM people I run into in the NYC and DC area funny enough. Kind of like Atl and Miami have a lot of Georgia and Bama alum, but Clemson drifts northward to the mid Atlantic and NYC it seems.
Regarding Clemson, a big reason for that is 49% of Clemson is out of state where as UGA is 80% in-state, so people naturally end up closer to home.
There are also a lot of A&M folks in Dallas CRE.
Texas and SMU do not have a chokehold over PERE in Dallas. But they do disproportionately represent people in Dallas private real estate.
At the end of the day, real estate is a local game. If you're going to hire someone, you'd like someone that has local connections and that may stay local long-term. Even if they leave your firm, they can stay in the mix and be a connection within the broader market as people move around firms and positions. You don't want to spend time and resources hiring and training someone for two years later they go home to New York or Chicago and it was all for waste.
You want your analyst to either i) stay and move up or ii) move onto another opportunity at another firm on good terms and stay connected with them to expand your network and reach.
no. i broke in from a different school. It's all about how you apply and what follow ups you send how you network
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