No job traction, haven't had progress in a year.
Been with my current shop since I graduated college. Been working as a project manager and doing some of their leasing for them. The last year I have been actively looking for an analyst position. At first I wanted to be in acquisitions then I just said I would do anything along as the exposure was good. Product type desired was Industrial but I am open to anything now. I haven't gotten any traction and the two jobs (IS) that opened up they went with internal transfers or MRED students.
I don't need high compensation and I make that evidently clear when I am meeting with people and networking. How come I cant get an intro analyst job? In my eyes I should be an easy choice over a recent grad with less market experience. Any suggestions appreciated.
The hiring process is broken (especially at a junior level) and it’s a frustrating ordeal for anyone. The fact is that the roles you’re applying for probably averages 30-50 applicants , where 80% of them fit the exact mold of what the hiring manager is looking for. Having been on the other side of this, you do get flooded with resumes and don’t spend much time looking at them so if yours stands out like a sore thumb you probably won’t get a callback (regardless how dumb that sounds). Chances are people are not going much deeper than the first half-page of your CV.
IMO, your best shot of making the switch is networking, networking, networking. The hiring team needs to truly understand your background to see you as an asset and it’s much easier to do that if they know a bit about the person behind the resume!
Don’t give up! godspeed
Because of this reason get into the top 10-20 resumes if you can. One is networking, but two is being on top of applying and when you apply to a role reach out to any alumni at the company. If there are no alumni, cold email a few people at the firm. Tell them you applied to the role and want to see what their day to day is like to get on the phone, based on the convo and who you talk to they may pass your resume along or more. Also, when you get these interviews reach out to others you know that do similar things asking for advice. Literally say hey I have this interview coming up with x firm or I got through the first round for x position at y and wanted to get your advice are you available for a call.
Agreed on the comment above ^^ Are you a part of any RE networking organizations or clubs? That might help with the networking. My $0.02 would also be to keep trying to up your skills in the meantime (you might be doing this already) with financial modeling, Argus, etc. basically whatever skills that an analyst has, put that on your resume word-for-word.
Hope that kinda helps. Good luck.
So, you have a project mngt job that lets you also be part of leasing? That sounds like great experience. What is it about this current shop you do not like? No chance to move up there? I guess I can't figure you are applying for analyst jobs when you have a job. What are you trying to do?
Shop has no growth desires or potential. Way to small and unorganized. Need more exposure to the market to develop the necessary skills to be and principal one day myself.
Got it! I would say, you can probably frame this job/experience in a way that makes you attractive to higher grade jobs. Wouldn't fault you for taking an entry level analyst gig (especially if at a name of high regard), but you have other paths if you persist.
Keep plugging with applying and networking.
It took me a 1.5 years of applying everywhere and networking to finally landing my current AM role at an institutional shop. I was in the same situation as you where I was in a separate space and wanted to transition to acquisitions/asset management. I was getting beat out in every role by either brokerage or MSRE guys. It sucks but keep plugging.
I know you want Acquisitions but I would look hard at AM roles. You have a unique and valuable experience in project management and leasing that would interest an AM team.
Keep your head up and keep networking and applying. Specifically about 1 year ago the job market really slowed down leading into Covid. And post Covid, people didn’t jump firms like normal. It’s been a slow job market for deals related roles as, right before Covid it was getting more difficult to make deals work, and since Covid transaction volume is down. Due to this, acquisitions roles hiring is down. Just keep your head up, it’ll happen. If you get frustrated and say any deal role will suffice, and you are willing to do lending, aim for roles in bridge and construction lending. After 1-2 years of bridge / construction lending you can make the jump easily to equity. You can with senior lending as well by the way, bridge / construction is just, IMO, more interesting.
Thanks everyone, the strong words of encouragement are very welcome. I am gonna just keep on the network grind that I have been on and keep trying!
Rooting for you
Thanks bruh, monkeys strong together.
PM me your resume.
PM sent
We saw 200+ resumes for the last spot we posted (early 2020). And I heard from a friend they got over 100 for a spot they recently posted. Competiton is super tough right now. I would very much focus on networking if your desire is acquisitions because that will get you in easier vs. anything else.
Yeah thats something I've focused on since I was still in college. I set at least 2 coffee meetings a week as informational introductions or reconnecting. I have a "living" excel document that tracks all my business contacts and colleagues and the last time I spoke with them. I have slowed down lately as it seems I have burnt through most of my "supply" but I have been reaching out to more GC's and what not to just get updates on construction costs.
I usually don't post, but man I felt this. Graduated last year and since then been working at a small brokerage shop in my hometown. Been applying/networking NONSTOP, have an excel file of contacts, set up phone calls, have had tons of interviews and even 2 final in-person interviews for analyst roles recently at JLL & CBRE but no luck.
Told myself if I couldn't find anything for a whole year I would just do a MSRE program, but reconsidering due to it's cost and my little work experience. It's been draining/disappointing to say the least, but have no answer other than keep grinding!
Sounds like an exact copy of my situation, even down to the JLL/HFF part. Really considered an MRED because the one local here is really well known throughout my region and principals and brokers love it (doesn't stack up to the likes of MIT or Columbia). Ended up pushing that thought aside because every guy I talked to told me it wasn't necessary and its possible without it, then again those same guys would continue on to hire those MRED grads over me so.
For real I noticed the same pattern of people saying the grad degree isn't worth it yet it seems to have a pretty high placement rate. I live in FL and considering UF or FIU's MSRE programs. Obviously UF has a higher rep, but considering FIU for similar reasons. It's in the center of Miami with a lot of big names just a few blocks away from campus.
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