NYC Hiring Market
Just posting this again as it has been some time - what are we seeing in the NYC Acquisitions / Asset Management markets. Appreciate it's coming to the back end of the year but is anyone actively in recruitment processes / chats with recruiters at the moment?
What are our thoughts on when the market will pick up again?
Bro, you posted the same thing 3 times.
The market is fairly dead. There are 3-4 top funds out for roles right now, beyond that haven’t heard anything in the last two months.
Who are the funds that are recruiting - can you PM me?
Apollo, Blackstone, and Cerberus
What positions are you looking for? I saw a bunch of RE analyst positions pop up in the past two weeks.
Any analyst ones?
Not in CRE but at a big diversified AM firm that has a huge CRE component. Those guys are getting titty-fucked right now. Only people being hired are on the Portfolio Management / FP&A / IR side to backfill people leaving. Investments team is leaner than ever has been, don't think any hard layoffs have been done but no one is getting promoted, a few people have been pushed out at Associate 2 / 3 level, a few people have moved on and not been replaced and a few people have been kept on as fourth year Associates.
I repeat, those guys are getting TITTY-FUCKED by god
On equity acquisitions, that would make sense. But on real estate debt as well, are you seeing the same thing in your firm?
TITTY FUCKED BY GOD!!!!!!! AGHHHHHHHHHHH!!!!!!!!!!!!!!!
What is the strategy for someone looking in this market given the above consensus?
Hope it gets better after the new year, look in other markets.
Won’t get better until summer 24 AT MINIMUM. I think that is optimistic as well
Will be slow for another year. Not sure if we have even bottomed yet. Assuming we have bottomed, these things take time to pick up and gain steam.
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