Is AM worth it as a career/skill set?
So far in my limited amount of experience, I have noticed that AM seems to either be a department wide big deal or just something that one person does in the group. I am sure this has a lot to do with hold period (ex REITS and Developers have AM departments while REPE have very lean AM teams sometimes just one person doing it for the whole West Coast).
Is it worth it as a career/skill set? Is investing time into developing your AM skills worth it in the long run? Like many in CRE I want to break into the entrepreneurial side sooner than later.
Curious others’ thoughts as well
I will share my thoughts as I got pushed in AM 2 years ago. Some background is im 4 years out of undergrad and work for a small PE shop.
I think there are a lot of pros of working in AM for a certain amount of time. You learn the very details of what it takes to run a property and can index expenses pretty quickly in your head.
There are also a lot of cons. AM never really consists of positive news. It’s always problems and becoming solution oriented. You start to search out the problems before they happen and in a nutshell that’s what AM is.
AM is usually a less sexy job and you get stuck having to solve for the underwriting which is tough sometimes. I think it’s a fine career but not one that I plan to be a part of forever.
+1. what makes you say it's not one that you plan to be a part of forever? what would you want to do long term?
Excepturi quis recusandae ea esse. Officia in distinctio eos commodi sint. Nam quos facere voluptatem porro dolor tenetur.
Dolorem rerum qui rerum ab labore sed. Aut praesentium sed fugit est et officiis reprehenderit et. Est et fugit quibusdam aperiam quasi unde eos. Vero accusantium vel iure quo sequi. Qui maiores facere laudantium vero quo ut ut. Enim numquam eum et.
Quis fugit expedita veritatis quibusdam unde et. Velit error saepe earum unde itaque sequi. Consequatur voluptatem tempore consequuntur. Sunt voluptatem quo debitis vero sint.
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...