OFFER TIME - Which one?
Sup guys, trying to figure out which offer is better and will set me up better for my career aspirations. I am two years in the workforce (1.5 years since I received my degree) and have been involved in the asset management function of a brokerage (JLL/CBRE) for about 20 months. Long term career goal is ideally REPE acquisitions (of course), but have no qualms about working at a debt fund or something similar.
1st: Production Analyst - boutique CRE firm (NYC), covering all asset types with bridge, conventional, and agency debt products. Good benefits, pay in the 70-85 range, overall I think great experience
2nd: Asset Management Analyst - (REPE, NYC) - asset management duties for owner/operator that has a development, investment sales, and capital markets arm, essentially same duties I have now but on the equity side (buy/sell analysis, argus runs, portfolio recommendations, etc). Also good benefits, pay around 80-100, and a superior office space/location compared to the first choice.
Which one do y'all think is better? Obviously both are good options, but given my career goals and such, what option do you think would align best?
Appreciate anything and everything. Happy Friday.
I feel as though this is a no-brainer but perhaps I'm missing something. I think if you want to work in REPE, work in REPE. Transitioning from asset management to acquisitions should be more than possible both internally and externally. There was a great thread posted this year by LReed about Acquisitions being an overrated job. Additionally, there are still a lot of shops that combine the two roles, so you'll be competitive for those as well. Add in the fact the REPE gig pays more and this is a slam dunk to me.
I recently made the switch from #2 at a firm that is winding down to #1 at a boutique lender that is growing. Having said that, I still think #2 is a more interesting job with more potential in addition to my feeling that #2 sets you up better for your end goal.