From RE investor/developer to banking back to RE
I started in RE development and investment out of school for a sovereign wealth fund. Worked in Canada, then went to Europe to work on their team there. Got bored, decided to take a shot at banking, realized I had grass is greener’d myself and luckily ended up back in RE with a very large capital partner/co-investor back in Canada.
Happy to field questions about the rollercoaster lateral moves I’ve made and the crossover between IB and RE.
Interesting - what type of bank did you go to (I know energy, but what tier)? Do you think you would've liked it better if you were on a real estate IB team, or was the whole point to get out of real estate?
EB. I got into a funk, thought I needed to try something outside of RE and decided banking was a good idea. I never really put much thought into what I was going to do after 2 years. I really discarded the great opportunities that had been afforded to me in the first place, and was lucky to get a second shot elsewhere after realizing I’d made a mistake.
I don’t think RE banking would do it for me, I prefer being on the buy side and driving various investment/development deals.
To what extent was the skillset you learned in banking transferable to your current role?
General finance/accounting and similarities in the transaction process. I found the two crossover fairly well at a junior level. Not a difficult transition.
Sint tenetur quae qui illum et animi. Ratione ut aut est porro laboriosam libero corrupti corrupti. Ut in est et in animi voluptatibus voluptatem. Ipsam unde placeat ut sed quos reprehenderit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...