Interviewing for an MBA internship, curious where a position like this leads?
Had been focused on acquisitions/development type roles so pretty unfamiliar with the world of RE consulting.
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Based on the most helpful WSO content, JLL Consulting roles, especially for MBA internships, can provide a solid foundation in real estate. While the pay might not be as high as acquisitions or development roles, the experience can be valuable for building a strong understanding of market analysis, strategy, and client advisory work.
Exit opportunities from JLL Consulting often include transitions into acquisitions, development, or even asset management roles, as the consulting experience equips you with transferable skills like financial modeling, market research, and client relationship management. Additionally, JLL's brand name and network can open doors to other top-tier real estate firms.
If you're still focused on acquisitions or development, this internship could serve as a stepping stone, especially if you leverage the experience to network and position yourself for those roles post-MBA.
Sources: Career Paths/Exit Opportunities, 4 Real-Life Consulting Exit Opps of My Former Colleagues, CRE Lending Exit Opps?, Best path to Development?, Making The Jump - Construction Manager to Development
Wrote out a long response but it deleted, so giving an abridged response. Happy to expand on it more if you have questions.
Depends on which office you're looking at. I've worked with the consulting team in NYC, run by Joe Messina. They're effectively office leasing brokers, but are brought in for slightly more complex deals. They'll often be brought on to advise on a company's entire office portfolio in a geography, balance expenses, weigh out pros and cons etc. They were/are involved in some cool deals like Barclay's 745 7th ave, where they signed a ground lease to own the leasehold position for XX years instead of renting out the entire building.
Joe's a tough person to work for and thinks he's way smarter than he is.
Can't speak to exits, but know they get paid pretty well.
Any insight on the Financial Services group?
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