How much does pedigree impact a career in CRE?
mulling over leaving a prominent BB CRE investment team for an unknown developer for a ~20% base bump, ~10-30% better expected bonus overall, comparable title, way more responsibility and exposure to different asset classes. I have four years of experience in REPE including 18 months at my current firm, I’d stay longer but management is unbearably abusive, and I’ve been more or less siloed into one asset class.
if you're interested in staying on the developer side, experience matters way more than pedigree. having actual projects you led development on or had a significant role in and can point to their success will go much farther. if you want to stay in asset management long term that could be a different story.
Pedigree will help get you in the door. Once you're there, it's up to you.
I've seen some firms specifically request people with IB or Consulting backgrounds, so it could help you with those, but plenty of others don't care about that whatsoever, so you're never know.
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