How hard to re-enter if I leave RE?
Considering leaving the industry to pursue a startup business unrelated to RE. Have 2 YOE in industrial debt and equity. Went to Ivy undergrad. If I quit and pursue this startup for 1.5-2 years and it fails, how hard would it be to get back into the industry? I’m currently at a Hines / Prologis / TCR level shop in terms of “name brand”.
Based on the most helpful WSO content, re-entering the real estate (RE) industry after leaving for a startup venture can be challenging, but it's not impossible. Here are some factors to consider:
Industry Perception: If you leave for a role that is considered a promotion or a significant step up, it's easier to frame your return to RE as a strategic move. However, if the new venture is seen as a lateral move or a step down, it might raise questions about your commitment to the industry.
Networking: Maintaining relationships within the RE industry while you're away can be crucial for a potential return. The stronger your network, the easier it might be to find opportunities upon your return.
Market Conditions: The state of the RE market when you decide to return can greatly affect your re-entry. A booming market may present more opportunities, while a downturn could make it more difficult.
Experience: Your two years of experience in industrial debt and equity, especially at a well-regarded shop, is valuable. Highlighting your achievements and the skills you've gained during your time away can help mitigate concerns about your time outside the industry.
Ivy League Education: Having an Ivy League background can be advantageous, as it's often highly regarded in the industry and can help open doors.
Reason for Leaving and Returning: Be prepared to articulate why you left and why you want to return. A compelling story can help potential employers understand your career decisions.
Skills Acquired: If your startup experience allows you to develop new skills that are transferable to RE, such as management, finance, or strategic planning, these can be attractive to future employers.
Remember, the key is to ensure that you can effectively communicate the value of your experiences outside of RE and how they make you a stronger candidate upon your return. Keep in mind that the path back may not be straightforward, and you may need to be flexible with the roles you consider when re-entering the industry.
Sources: Anyone start in RE and end up leaving for another industry?, How Would You “re-do” Your RE Job Hunt?, From Real Estate Finance to Founder of Development Company - Q&A, Has anyone here actually made it in RE on their own after leaving their formal job?, How do I land a role at a commercial firm (JLL, CBRE, etc.) from scratch at 26?
Barriers will be like trump's wall, impenetrable
You’re at a Trammell Crow Residential-level brand name shop doing industrial? So, unheard of?
Moving on from my corny joke, it may hinge on how transferable the startup work is to RE and your story.
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