I currently have an offer from a small REPE firm for an internship this upcoming summer. I just had a superday with one of the largest development companies in the U.S. How do I choose between the two if given both offers?
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Do you have an offer from both?
I haven't heard back from the development company yet but I have a pending offer that I can't extend further with the REPE firm.
Pretty stupid not to take it LOL. You don’t even have an offer from the other
…
I've always been told one in the hand is worth more than two in a bush. You might get washed out at the dev company, where as with the smaller company you could wear many hats and learn a bunch. In the end, it's up to you.
Assuming you end up with both offers and that both are for an internship, my advice would be to go big to start. It'll be beneficial when recruiting for full-time and will likely be easier for you to either (i) land at another large firm or (ii) go to a small shop. Starting with the small firm (depending on how you're defining small and what their name recognition is like) may make it more difficult if you end up wanting to be at one of the larger firms.
go big to start then go PE (big or small)
that's what I did and it's paid dividends + you gain instant cred with investors.
Always recommend going with the bigger brand name early in career to get the name on resume and know what you’re getting yourself into opposed to more often than not, a fear of the unknown with a small shop. More importantly, it’s much easier to go from a big reputable firm to a small one than vice versa.
This isn't great advice, at all.
"Brand names" don't matter a ton in real estate in the first place, and second, going to a smaller shop with a lot of growth potential can give better experience and it might be a place to help to grow and rise through the ranks at. What you're getting at is to not join some fly-by-night shop, or get suckered into joining a couple guys starting their own thing on a hope and a prayer. And that is good advice. But it's not that hard to differentiate between a small shop with reputable principals, and a small shop created in the middle of a hot market by some folks who don't have a runway or pipeline or any idea of how to get one
No matter what, your experience will speak louder than the name on your resume. And make your career decisions based on what you'll be working on, not where you'll be working on it
It depends on if you want to do REPE or Development… Both would be great places but you should choose based on what experience you want to gain not the prestige.
“Most well known developer”
If it’s so well known name it? I could think of a few firms that would fit that bill (TCC/Related/Tishman/Lincoln), but the only one that fits the bill is Hines since the others don’t have established undergrad programs
It’s Hines
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