Getting into REPE From Management Consulting
Hi all,
In need of some advice for my SO. They're about to start at a reputable Rx shop (Alix/A&M/FTI) in a non-Rx function such as corporate improvement. This will entail both DD (CDD or ODD) for corporate and financial clients as well as long-term transformation project. Plan in 3-5 years is to move to REPE or potentially asset management at an RE Developer. Would exposure to RE projects help lead to that or is RE IB the only path to REPE?
Cheers!
So, first.. not totally sure what all the abbreviations stand for (Rx, DD, CDD, ODD)... could guess, but clearly not from my area (and I'd guess most on this forum).
To the question... my first reaction is that if the "plan" is to end up in real estate, why not just start there? What is gained from 3-5 years in management consulting? Why not spend those years in real estate investment management, development, banking/lending, or even brokerage/services (like valuation)? All more valuable experience and not need to totally jump/reset a career in 5 years.
Can/do people jump from mngt consulting world to institutional real estate? Sure, I've talked to people from this forum that have done it. Not to suggest its easy or automatic, but far from impossible. And yes if you have exposure to "RE projects" that would help in theory (not sure the context implied).
The team in question does a significant amount of due diligence (be it operational or commercial) for a variety of industries. This would be a lateral move from another consultancy that did not do any real-estate so the specific experience was lacking (this also made a lateral move to real-estate banks or developers impossible). The 3-5 years is a rough timeframe, it could happen sooner or later depending on the exposure to RE at the new role. I guess the main question is, would conducing due diligences in the RE space count as viable experience to move directly to it?
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