Job Options (Help me Decide - first job)
After a long year of grinding, I ended up with basically two options:
Option 1: JLL/CBRE in Tier 2 market
Option 2: AM at fast growing REPE shop that is probably getting hurt right now because of buying so much.
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Option 1: I will have to relocate to a city that I probably wouldn't want to be in longterm. Plus the market is a wasteland for brokerage and base is low. No clue what all in would be.
Option 2: Keeps me near home, tier 1 city. Don't want to be in AM as a career. base is 70-75k with 18-22% bonus
I am struggling to make this decision and neither really seem ideal. If I started in institutional brokerage I might make barely anything but could probably get an option 2 job easier. Neither comp is really exciting to me tbh. Kinda disappointing but what would you choose?
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Straight to buyside is better. Do 1-2 years and leave for acquisitions.
This assumes the “fast growing REPE shop” is an actual REPE shop with draw-down equity funds. If you’re talking about working at Tides equities or some other troubled operator, forget it
hmm
I'm gonna play devils advocate and say that AM in tides right now is probably a wild learning opp. Talk about jumping into the deep end lol. Workouts galore, squeezing blood out of a rock, probably 80 hour weeks though. A year of experience there right now might be 5 years worth..
Sounds like option 2 is the better idea. You are going to miserable living in an area you dont want to be.
AM is front office and has the best exits
Do that
really? I’ve always heard institutional brokerage had the better path to good acquisitions. it’s a smaller growing company.
Option 2 no doubt.
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