Moving Internally at BB in Regional Office
Hope everyone is having a good day. I will be starting at a BB in their fixed income trading MO team soon. I've always wanted to pursue a career in real estate and have solid internship and school involvement experience (part of that selective club/society).
Now, even though it is a MO job at a regional office, the BB I am at is very open with moving internally, and at this regional office, there is a real estate investing team. Although a small team, it makes principal investments on behalf of the bank. They do hire analysts, and a lot of the time, it is not out of their traditional analyst program.
After graduating undergrad I worked in MO ops on this team for a year, tried to go to a one year program (grad school) to have a shot at recruiting again, realized the market is worse off as an entry level kid and when I was offered my previous fixed income MO job again due to my positive performance from last time, I accepted the position and pay hike.
I do see this as a great opportunity to transition internally and would like to do it in a year and 4-6 months after starting my current job. That real estate team also has offices in NY, LA and a couple of other large cities.
I am very worried that transitioning into a real estate role from a non-real estate role could be a major problem for me, and I am worried. I would rather have my health bar at 0% than work this MO job for more than 2 years, I have never been more miserable in my life. It is a sad job and I do not know if I will be able to live with myself with said job.
I need some advice from the community, especially people who have laterally internally at a large bank, even better if it is from a non-real estate role to a real estate one. How should I approach networking? What courses should I take to show that I can model and start the job on day 1? How does the transition internally at a firm work? Interviewing? ARGUS? Maybe the RE courses the firm has? Should I reach out to HR for access to these courses? Any guidance would be very helpful, as I'm very scared I will pigeonhole myself into a role that will kill my career.
I would really appreciate any advice from the RE community here on WSO.
Thank you, everyone!!
To transition internally from a middle office (MO) role to a real estate investing team at your BB, here’s a structured approach based on the most helpful WSO content:
1. Networking Strategically
2. Skill Development
3. Internal Transition Process
4. Interview Preparation
5. Avoiding Career Pigeonholing
6. Mental Health and Motivation
By following these steps, you can position yourself for a successful transition to the real estate investing team. Keep pushing forward—your determination and proactive approach will pay off!
Sources: A Guide for Switching From Commercial Banking to Investment Banking, Career Paths/Exit Opportunities, Switching from Big 4 to Acquisitions: My Story, Move from back office to middle office to front office, Career Path in Commercial Real Estate
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