I was fortunate enough to receive a job offer. Now what?
Hi all,
Background: 5 years experience in CRE as a broker, CFA® charter, semi-target BBA undergrad
I have 2 potential job opportunities. I have an offer from job A and still have two weeks of interviewing left with job B. I want to know what are the CRE related growth opportunities for job A and whether I should wait for job B at the risk of losing job A? This is in Canada (where salaries are generally lower than US).
Job A: Senior underwriter at a lender focusing on construction financing. Comp is $90k+10% bonus. Since its development financing, I will be involved a large variety of projects and the team is really cool. It’s been hard to find whether the offer is fair for the market and my background so I’m 60/40 on this…
Job B: Asset manager for a hotel portfolio owner. I expect comp to be around $100k to $130k based on my research. This is the type of role I have always wanted to try but don’t want to be pigeon holed into hotels since it is a specialized property type.
Any input would be great! Thanks for your help!
I would recommend that you thank job A for the offer, express your excitement/gratitude, and ask for some time to think it over. They may pressure you for a deadline, you obviously want to give yourself as much cushion as possible--you can use a faraway vacation, work deadline, etc. to help buy more time.
Immediately notify job B that you have received an active exploding offer and are still very interested in hearing what they have to say. More often than not, this will light a fire under Job B...you are given instant credibility vis a vis someone else's vetting and are now the hot girl at the dance. Or, you will immediately recognize Job B has an onerous vetting process that is going to take significantly more time anyway, at which point you can decide if Job B is worth potentially giving up Job A.
I have been in this situation before, had a job A exploding offer close to expiring, and called job A to basically say "respectfully an truthfully, I'm very intrigued by your offer and appreciate it sincerely, but this is a major life decision for me and I need to wait and see what job B is going to offer." People appreciate honesty, they were fine with it.
Thanks for your advice! I wasn't selected to move with Job B and Job A works on some pretty cool projects. I will try Job A for a bit and see what happens.
PM me about the constitution lender. I work in capital markets focusing on construction.
Dicta eligendi beatae cupiditate non velit. Et quaerat eos vel iusto quam est. Accusamus laudantium fugit consectetur sunt et. Aut sint incidunt aut voluptatem possimus. Est veritatis autem qui rem aliquid.
Sunt aperiam et quae nostrum adipisci rerum. Ab odio ex rerum fugit. Reiciendis voluptatem vel veritatis. Ad sint tempora aut sint. Sapiente fugit sunt veniam eos. Occaecati quibusdam alias et praesentium sit odio.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Dolorum ea laudantium suscipit quo qui unde neque. Delectus et consequatur corporis omnis consectetur eaque dignissimos. Ut iusto corporis quia illum eos.
Earum aut sit eveniet at. Possimus sequi voluptas voluptate et voluptate quia reiciendis. Sint quae enim expedita.