How value to put on a very strong mentor
Currently in a good job but city is really not at all where I want to be. Was lucky and walked myself into a spot to have found a very good mentor, really hard my best interests in mind and very deep level of trust. Obviously if I were to leave I would keep in touch with this person but would miss many of the further lessons to be learned. Point is how much value should I put on having found a very good mentor? Should I suck it up with the locational issue to keep learning here or are good mentors a dime a dozen and I shouldn’t worry about this too much?
I don’t think “very strong” mentors are a dime a dozen and many people go through their entire career without a single one or a truly decent one - quietly scrapping it out as they go along (and with some substantial known and unknowable adverse consequence(s) as a result).
To advance your question further as others weigh in w/ more useful advice: has this mentor achieved the career goals that you wish to obtain at some point (e.g., has he walked the road you are walking down successfully and has the resulting contacts/knowledge/resources/blueprint) or is he more of generally a trusted, intelligent, industry savvy adviser (not an aspirational career archetype)?
I think the idea of mentorship (what does a great one look like; how do you find one specifically/technically; maintain one; truly benefit from one; and how to be a good to great mentee and even mentor yourself) is a worthy separate discussion for the real estate forum.
Seems mentorship has been discussed generally here but not necessarily in the RE industry context:
https://www.wallstreetoasis.com/forums/how-to-network-get-yourself-a-ca…
https://www.wallstreetoasis.com/forums/how-to-find-a-mentor
Helpful response, thanks. I would say he is a career archetype of which I’d like to model my own career on, both in the formal workplace and on outside projects which is something I view as very valuable knowledge to gain.
If it is purely locational I would stick it out for now, as mentioned above finding a good mentor is HARD and if you have someone who is willing to put time and effort into helping you grow your career then hold on to that.
You can always move later, take the guidance while it is still greatly benefitting you. When you feel like the lessons are fewer and farther between reconsider.
Just my two cents.
My only other complaint besides location is I am underpaid in my view and don't see route to fix that at this firm
How underpaid are we talking?
Think I could come close to doubling my pay by switching cities. And given lack of analysts/associates and my experience I don’t feel it would be a difficult task to undertake finding a new role.
Why don't you ask your mentor what he thinks?
So, personally, here is what I would do...
1. Remove the mentor from the equation, rate the current job vs. the next job (and frankly until an actual offer is in hand, this is very hypothetical to the extreme), if you think the next job is a smart move all else equal, then start applying! Moving markets is valid reason and you sound like have this well planned
2. When you get a REAL offer, then compare the potential of mentorship at next job vs. current one. You are currently weighing a known vs. unknown... clearly you can't really tell if you a great new mentor at a new shop, but you can sense it out. AND you can ask/mention why this important to you during interviews, not crazy to meet the person and discuss this type of relationship during job talks (actually a very mature thing to do).
3. Plan/see if "old/current" mentor will remain in contact, clearly there will be confidentiality issues and such, but I keep mentors from jobs 10+ years ago! This how it is supposed to go. I think of this as an opportunity to "add" a mentor, not lose or replace one! Clearly, no guarantees!
The bottom line is this... if you outgrow a job/market (which is what this sounds like), you really do need to start making plans to move on. Otherwise you are holding back your career long-term. This can be very painful for many reasons, as you do like the job you have, but the stress of it no longer being the right fit will only get worse! I think you know what you have to do, just realize it is something we all face, and part of the process!
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