Job Title Help

I'm up for a promotion and a change in title. I'm currently an Associate. My company is looking for feedback on what title I should have for my new position. Internally, my title will be "Manager", but that doesn't correlate to a normal title in the RE world. I work in a family office so titles here are a little different and more in line with corporate tiles (Analyst - > Associate -> Manager -> Director -> VP -> SVP etc.). As such, VP is totally off the table. I could maybe ask for a Director title, but that will probably get some push back.

On the real estate side of things, we are a "eat what you kill" type of operation. I source, execute, and manage all the investments I am responsible for (direct, JV's and Funds). I want to have a title that is appropriate for the external parties I'm interacting with. The best thing I've come up with so far is Portfolio Manager, but I'm not sure if that is accurate.

Thoughts?

 
C.R.E. Shervin:
Director is a pure sourcing role.

That's a bit too all encompassing. I don't think real estate firms have a consensus on where a "Director" level employee ranks in the organization, let alone what that person does for a living.

I've seen as many Directors above Vice Presidents as I have below.

Commercial Real Estate Developer
 
Most Helpful

Real estate titles have a ton of variability. You could be a Director at one shop, a VP at another, a Development Manager at a third, and a Senior Associate at a fourth and be doing the same level of work from the standpoint of seniority/experience. Not sure how long you have been there, but Manager seems pretty reasonable. You can always make the argument that it costs the firm nothing and makes you appear outwardly more legitimate an capable to brokers and capital partners.

 

I've done some homework and people with my level of experience (8 years) have titles that are all over the place. I recognize that Manager isn't a "bad" title. I want to make sure that my title reflects the work that I'm doing. I'm a little concerned that Portfolio Manager implies I'm only working on managing existing investments, and doesn't give me credit for the souring and executing responsibilities. I'm trying to keep my next career step in mind as well.

 

So first, Analyst - > Associate -> Manager -> Director -> VP -> SVP etc., is essentially the ranking/title system at my firm and I've seen it at several others. It's only the finance and brokerage world that seems to invert VP and Director (this is to make MD a consistent). At many other firms, EVP is functionally equivalent to MD or M. Partner. Brokerages take it to a crazy level with all producers sometimes called VPs and top level ones being called "chairmen" (still laugh when I see this).

I really don't see an issue with "manager", at least from any career/resume perspective. Externally, I can see your point, but I think how you communicate matters more. Director implies more seniority/responsibility, and your years of exp make it appropriate, but I wouldn't get too caught up.

In short, people really do not care about titles as much any more because they have become so inflated (by big name firms no less). In some ways, the more understated the title the more it means at time (i.e. the VP of Real Estate at a major corp is a really big deal).

 

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