Failure to Launch, What Now?
I graduated from a non-target school in 2019 with a degree in Development and a minor in Business Admin. I have been constantly networking and searching for work as an analyst or part of an acquisitions team for a high volume shop since I was a junior in college. I currently work for a successful Industrial Developer as a Project Manager and in-house Leasing Agent. I try to meet with latest two to three CRE professionals a weeks just to expand my network and I am part of ULI and NAIOP. I have my RE Sales license for my state and have completed all of the getREFM certifications. I am currently looking to start ARGUS certifications.
I have met with almost all of the key players in the area or decision makers for the bigger companies in my state. Everyone I meet with tells me I am doing the right thing and I have the correct personality to succeed in CRE. I get to work early and many nights stay well past midnight to over deliver on some of my more complex projects. I take extreme ownership over everything report or email that is put in front of me and make sure it over delivers on all expectations. I see myself as a value-add if only on the concept of hard working alone.
With all this said I still have not found an analyst position. It seems to be rare to find someone with an opening that hasn't already been filled with someone that has 2-3 years experience on an analyst team. At this point I have no Idea what to do anymore, I just turned 24 and I am not even in the starting analyst role I had hoped to be in. I don't even have strong compensations requirements. (I can live dirt cheap if needed)
Might be a complete Shite post for some people but I honestly don't know what to do anymore. Any advice to pull me out of the mental gutter. Any actions I can take?
Maybe I really missing your intent, but given the above quoted statement, it sounds like you have launched. That sounds like a pretty decent gig in CRE for someone straight out of UG. Exactly what you doing applying for analyst jobs? This job seems more advanced. If you applying for analyst jobs with this on your resume, I'm sure there is some head scratching going on at the firm's HR dept as it sounds like seeking a demotion.
Not sure what path you want to be on that you think you are not on, but lots people do jobs like this and move up and onward. "Analyst" is not an aspirant title, it's just a potential first title.
So, perhaps you can give some better clarity what your end game is, that may help you get better guidance.
Not a failure to launch at all. I know you don’t want to hear this, but keep doing what you’re doing. I didn’t get my first analyst role until I was 25. I started my career as a broker and went back to school to pivot. You have more experience in real estate at 24 than I did. Keep doing what you’re doing it will work out.
Also, you may want to think about expanding your horizons a little to make the jump. Look to analyst positions on the top investment sales teams in your city. You will get more reps than the acquisition analyst and within 1-2 years be able to make the jump to an acquisitions role. Working for an investment sales team will further expand your network. Also, many people I know went to work for a top team and never looked back because making a jump to acquisitons would actually mean a pay cut. The money can get really good really quickly if you can prove yourself on a team.
Keep grinding, you'll get there.
One thing that stuck out the most to me is that you're meeting 2-3 CRE professionals a week and that you've met with "almost all the key players". It sounds like your strategy is to cast a wide net. Good for getting started with networking but bad for developing relationships, which is the entire point of networking in the first place.
Think of networking as a funnel, ie --> you meet a 10 people ---> 6 of them enjoyed the convo --> 5 of those could bring you value ---> 3 of those you could bring value to. Focus on the 3.
Out of all the meetings you've had, can you think of the 3-5 "key players" that liked you and that you could bring value to?
If so, you should spend your time nurturing those relationships rather than taking more meetings for the sake of networking.
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