Getting an entry level affordable RE role

Hi everyone. I'm a recent graduate struggling to get an entry level affordable role. I've been focusing on NY, but unfortunately I'm not based in the city so it's not the easiest to network in person. Between the top 50 affordable developers / lenders, there doesn't seem to be that many roles being advertised nor are there many at the smaller NY based firms.

While I have targeted the private sector so far, I would certainly consider a role in the public sector if it offered a good learning / exit opportunity. I would also be happy to live in Boston or somewhere outside of the NE.

I have 1 year + RE internship experience and a degree in urban planning from a reasonably well regarded school. Any advice on what I should do in this situation would be great. Thanks. 

 
Most Helpful

If still having trouble you should check out an entry-level Valuations/Consulting role at an affordable consulting group like CohnReznick or Novogradac.

You’ll be cranking out appraisals/market studies/RCS’s which is boring in my opinion. But good way to get affordable industry knowledge, analyzing a rent comp set for achievable rents, pegging year 1 operating income and expenses, analyzing fundamentals like location, schools, etc.

Then lateral into an analyst role on the principal side with some strong networking.

 
SecurePromote

If still having trouble you should check out an entry-level Valuations/Consulting role at an affordable consulting group like CohnReznick or Novogradac.

You'll be cranking out appraisals/market studies/RCS's which is boring in my opinion. But good way to get affordable industry knowledge, analyzing a rent comp set for achievable rents, pegging year 1 operating income and expenses, analyzing fundamentals like location, schools, etc.

Then lateral into an analyst role on the principal side with some strong networking.

Thank you! I'll look into valuations/consulting openings. 

 

Thank you Ozymandia. The HPD-HDC Housing Fellowship sounds fascinating. Unfortunately, I wouldn't qualify for a future fellowship or for a lot of the HPD or HDC roles as I just have an undergrad degree (or I fall short of the requisite amount of work experience). Given the staffing shortages at the NYC agencies, do you think they are desperate enough to make exceptions to these rules? Do you know if there is as much capacity to network one's way into a job that might not necessarily be advertised as there is in the private sector?  

 

Ea modi quia pariatur autem. Eum molestias quam et ut quia.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
dosk17's picture
dosk17
98.9
7
kanon's picture
kanon
98.9
8
GameTheory's picture
GameTheory
98.9
9
bolo up's picture
bolo up
98.8
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”