Need advice
Hello guys I am 21 years old and I am interested in Real Estate Finance. I am doing some research but I am having trouble in understanding where to start to do some self-study or to better understand the different roles in this industry.
Eventually, I am also aware of a Master’s mainly focused on Real Estate (+Asset Management or Corporate Finance). Do you think that, all things equal, that would give me a hedge for RE firms over someone who has done a generic finance study course?
Thank you in advance
No, it doesn’t. No one bloody cares what stupid things you learned in uni because this BS does not apply to the real world. What will give you an edge is work experience. Focus on getting internships. People who will hire you need to understand that you are easy to work with, you need to be capable of understanding things. If you have no bloody clue about technicals and how the business works try go get hired by showing your motivation and convince them from your personality. This will actually mostly apply for smaller shops where the person who hires you is the owner. When the owner understands that you don’t have any experience but sees that you are extremely motivated he might give you a chance because everything else will be learned on the job.
Thank you. I have only a Bachelor. Are you suggesting that rather than continuing my studies I should immediately try to apply to some Real Estate firms?
In my opinion definitely!!! You are bloody young. You can hustle for 2 years and then still do a master (if that is what you really wanna pursue at some point). What if you do a master then land a role and then realise RE is not what you wanna do? I see a lot of folks in their mid 20s with multiple degrees but zero work experience really struggling to get a foot in the door.
In the UK it is quite common to „only“ have a bachelor whereas in Germany and Austria people tend to prefer collecting more certificates. So again it also depends on where you live.
Thanks sir I am following your advice and already looking for paid internships/jobs in real estate. Honestly, there are many offers in the UK but not so many in Switzerland/Italy (I am from Italy and I imagine that landing a job in countries like Germany or others would be even more difficult since I am not proficient in those countries’ languages).
However, isn’t there the risk of not being able to surpass a certain ceiling without a Master’s in finance? I was considering a Master’s mainly in order to get more expertise in the field since at the moment I only have a lot of motivation and commitment but little practical skills.
By the way, as I said I’m from Italy, 21 years old, I have a BSc in Business and Economics and an internship of 4 months in Banca Mediolanum, which I believe is a relatively known bank in Europe.
Look for opportunities in Italy then. I am european and I have never heard of that bank tbh, but it does not matter. I think it is quite difficult to land entry analyst roles in a foreign country. If you want to escape italy at all costs you could go to Germany or the UK to do your master and look for internships there. Your chances to land a role will be much higher. But as I don’t highly recommend doing that, again I would search for roles in italy. Dont only look for job postings but do your own research. Look out for small entrepreneurial firms, small family offices, regional developers etc. Contact them via phone or email, shock them with your motivation and your desire to learn and to hustle and tell them what you are looking for. You need to understand that you won’t be successful within a week doing so. You need to contact a lot of people and you need a really long breath. But dont ever give up, find solutions! At some point you will find somebody who is stupid enough to hire you ;) jks
Also, yes the master will definitely teach you a few things but the learning/ time ratio is completely un-balanced. You will need to spend a lot of time doing useless presentations, writing essays and studying things you will never need. You will waste 2 years of your life where you will not only not make any money but also have to spent money for this crap. If you wanna get closer to the subject check out „break into CRE“ on youtube. Justin Kivel is really great and you can learn very valuable things from him
At veniam quo est. Voluptatem animi eum nesciunt ut est repellendus. Ad veniam dolore molestias unde ut. Rerum aperiam esse accusantium. Doloribus ut mollitia dolor dolores voluptate cumque. Quia quam eum eveniet rerum explicabo at. Molestias ut dolorem temporibus quis.
Laboriosam nemo asperiores et est. Occaecati qui ipsum laborum. Provident tenetur tempora recusandae commodi consequuntur. Explicabo nostrum libero fuga voluptatum quasi.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...