Industrial LM/MM IB to REPE LM/MM
I did not go to a target. I have a year of accounting at Big 4, 1.5 years at LM/MM IB in an industrial group in a (Charlotte, Nashville, ATL, DC) working avg. 85hrs/week.I do not have any real estate experience but want to go into REPE. How difficult will the transfer be without RE experience?How's the modeling? How's the hours?What are best type of REPE shops?Comp? How do I build a good story around not having RE experience? I also would like to eventually do my own REPE type shop…
I also want to eventually do my own shop ..
Check out my Q&A for how I would answer the why RE question, coming from someone who’s interviewed hundreds of candidates ;)
This will be the most important question tbh. With Big 4 accounting and IB, everyone will assume you are sharp at finance and modeling. Proving you have a strong interest in real estate and plan on staying in the industry (read not leaving in 1 year for different area of finance) will be your main hurdle.
Thank you for the info. When deciding on REPE shop, I see a lot of development shops saying they are REPE but doesn’t seem like it. Basically I want to get into the numbers aspect and stay away from the project management position. You have any recommendations on what to look for or types of strategies/investment thesis/focuses to keep an eye out for?
If that’s not clear I can clarify more.
How would you have interviewed hundreds of candidates in the span of a 3 year career? You seriously interview 80+ candidates a year? Those are the numbers of a full time recruiter
Thank you for the help!
If you know any REPE firms that are MM/LM in the mid Atlantic & South East please let me know!
It is geeky likely you’ll take a pay cut with your background the only firms that match ib pay are the big ones Blackstone/Starwood
and even black stones portco like link and Lu cod don’t pay Ib pay
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