Finding real state jobs in NYC area
Hi all - I am a recent college grad (spring 2018) and have been working in acquisitions in NYC for about 6 months now. I am looking to leave my current firm for various reasons; for more detail you can see the other thread I posted a while back about the hours. My feelings on that have largely stayed the same, so I know for a fact I want to leave as soon as possible. There are other reasons, of course, but I don’t want to disclose for purposes of anonymity.
Anyway, getting more to the point of this thread - I have been looking at different job boards almost every day - SelectLeaders, LinkedIn, even Indeed (yeah, I’m literally that desperate) and there have been very few, if any, entry-level real estate jobs available. I am primarily looking into acquisitions and lending roles, but am also open to AM or leasing if the opportunity is right. Regardless, there hasn’t been much, making me wonder if the market is just dry, I need to wait until a different time of the year, or if I’m just looking in the wrong places.
My goal is to end up at a smaller shop in the NY area. I definitely am not looking for a Blackstone/Starwood/Tishman Speyer type firm as my hours would most likely get even worse. I would prefer NYC but would be open to satellite areas like NJ, CT, or Westchester. I know there are a lot of firms in greater NYC, whether they are true REPE shops or small developers/family offices.
So I guess my two main questions come down to this: where would I be able to find a list of these firms, if any exists, and what is the best way to find out about opportunities with them? I definitely don’t want to just sit on my ass checking SL every day because that clearly isn’t working out. But on the other hand, I barely have time to shit after work, let alone attend networking events, so I feel kind of trapped.
Thanks in advance!
You’ll get significantly more traction once you’ve been there for a year (this was my experience in another major metro). Are they at least paying you well? That would make it easier to stick around for another 6 months.
Everyone is going to tell you the same thing on here: network. If you’re 6 months into your first job, you can still sort of pull the helpless student card. Reach out to someone that works at the type of company you’re targeting and make the call about advice on your situation rather than the fact that you’re looking for a new job. It’s also helpful to mention in the cold email that you’re just looking for advice from someone with more experience - maybe even mention how someone with their background specifically could be helpful.
This is what I did and I had some success. Also on the job applications front, I had the most success by far with LinkedIn job postings when I had 3-12 months experience. Not sure why
Thanks. The pay is actually pretty decent, which I agree makes it easier to tough out the next 6 months or so. Would you recommend I reach out to an analyst or someone more at the VP/Director level? This year was the first time that I’ve been at the “other side of the table”, and at least at my firm, current analysts have no power when it comes to hiring decisions. Of course I’d like to speak to someone who does exactly what I would be doing, but then again they may not even be allowed to reply to cold emails.
If you’re a new grad, I’d say guys in their 30s is the best age. They have enough experience to truly know what they’re talking about and potentially become a mentor. They also likely have a lot of pull in analyst hiring cause they’re the ones who will have to work with the analysts the most. On top of that, they’re not so old that they won’t be able to relate to you.
I know I gave an age range rather than a title, but I think it makes more sense that way. If there’s a 34 yr old director he still probably fits the above description.
Second LinkedIn. I've also noticed that applications there are very active and have received the most responses through there compared to Select Leaders.
Does anyone know where I can find a list of firms in the New York area? I’ve tried google, etc. but those searches don’t always yield the best results. Related to that, are there any search terms I should use besides “real estate private equity firms” and “real estate investment firms”?
In a very similar situation as you, and was. Please pm would love to help out.
Same boat in NYC but I have 3 years general RE experience. Market is tough right with very few opportunities available. I’m getting killed by guys looking to lateral with more experience than me. Have had plenty of interviews.
Hoping market picks up in early Feb once people dip after bonuses and firms have start their 2019 business plan with new allocated hires.
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