Have you ever done weekend internship while working FT? How much would this help?
Good afternoon everyone,
I've wrote several posts regarding real estate investment and got great advice from many of you. I currently work at a commercial real estate brokerage firm in NY, and as you've suggested, I've been casually networking with my alumni who work in real estate investment firms. However, as I learn more and more about the recruiting process, it seems like my current experience alone doesn't appeal much to buy-side firms. Since I don't work crazy hour like most of you, I was thinking about working at small boutique investment bank or Asset Management firm as a part-time unpaid intern.
What's your opinion about this idea?
Do you think it would increase the chance of breaking into RE investment side or even perhaps RE IB at BB?
Also, more importantly, would smaller boutique banks be open about taking part-time intern?
Thank you in advance, and I look forward to your advice!
I've tried this (offering to work unpaid on weekends and after 5PM on weekdays) and most firms were not okay with the idea.
I'm still pushing and so should you.
That's exactly what I was going to ask them? How do they react with that? Did you have any success in getting interview?
Getting an interview wasn't too hard. The issue was whether they were okay with you possibly breaking some compliance issues (I work in a different part of finance).
That's good to hear. I hope it works out for me. I work in real estate, so I hope it doesn't have conflicting compliance issue.
Absolutely. I have noticed that the common, overarching "foot-in-the-door" theme within any industry, sector, or job is that firms want to know your interested in LEARNING. This means you will be working for free, working your ass off, and never giving up in order to LEARN.
You should be willing to pay a prospective employer for the opportunity to work for them. A hint of advice - you don't want to come off sounding desperate, simply let them know that your'e most interested in the learning experience.
Agreed with everything said here except for the "paying your employer" part.
Don't do that.
I currently work in the commercial mortgage lending and brokerage side of the business full time 50 hrs/week, while concurrently working 5-20 hrs/week as a remote analyst for a 2 person value add/opportunity focused RE Investment company. I am tasked with screening potential acquisitions through their proprietary excel model among other things. So it is possible cause im currently doing it. I enjoy looking at CRE from both the "lenders" and "investors" perspective. I need to play catch up getting analyst experience since I came from a non target, and went into business development out of school instead of an analyst program, which is the reason why i decided to pursue the second gig.
As far as exit opps. I am curious as well what the consensus is on how my experience would be viewed by REITS or PERE.
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