Work at a debt fund. It’s great > Tons of deal flow (we are one of the well capitalized firms) > You get in on all of the action of the new deals and concepts across Core and mainly Value-add / Development projects and learn a ton about different ways shops want to unlock value in those deals > WLB is much better, you filter out bad deals pretty quickly and don’t spend as much time underwriting deals you know won’t pencil >You can operate across Geographies and learn a lot about different markets pretty easily, your knowledge is not as deep as equity sector specialists but you learn a lot about legal structuring, market fundamentals across asset classes and geographies, etc at a junior level > I could go on lol i love it

 

Thanks for response, currently work at a very large firm but do mostly core stuff, just getting bored with it even though I’ve gotten to work on massive deals. It’s just rinse and repeat to an extent… how’s your comp and what are hours like?

 
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I’ll give the other side of the debt fund. Not being argumentative. Just stating my opinion.  Generally debt side hours are worse than equity. Reason being you will quote deals even if you don’t want to win deals. Because it’s a client business and you follow you clients, you may give a quote just to be a good lender. My experience having done equity and debt, with the debt platform doing stabilized, value add, and construction loans - I worked much more. With equity I looked at 1 - 2 new deals per week.  If it didn’t work - we killed it quickly. With debt I looked at 3/4 deals per week and quoted most deals to keep our clients feeling like we were engaged. 

 

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