Opinion on PGIM?

Hey all,

I was wondering what the general consensus is on PGIM Real Estate's 3 year Investment Analyst Program. I know the equity side is generally regarded as the better "track" but I was wondering what kind of exit opps there are? Is an MBA at a top tier school possible? Do REPE firms go so far as to recruit out of PGIM? Or is it simply that the program is well recognized and an impressive point on your resume?

Also, does anyone know if the program is in London?

 

Highly well-regarded shop, top of class for sure. Lot's of PGIM alum all over the world, many in very, very senior roles. Really, is maybe one of the best entry level positions in institutional real estate to get, they are known to train well.

I can't see why this wouldn't look good on an app for top MBA, as to what an REPE firm would think, I couldn't tell you, but really I can't see why it wouldn't be good.

 
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I wrote this a while back on a PGIM (Prudential Real Estate Investors)

https://www.wallstreetoasis.com/forums/pgim-real-estate-sa-interviews

Pru. The Rock. Trainer of the Street. Things change over time, but it is one of the best analyst programs out there. This is where you can develop a good network and lifelong friendships. Great stories of analyst travel. Lots of cranking. Deal flow. Geographic diversity. Product type diversity. You will have an impressive deal sheet in a normal market. You'll understand "buckets of money" and the associated capital behavior (differences between core, core plus, opportunistic, open ended, separate accounts, etc). You will understand what makes an asset and sponsor institutional, worthy of Pru.

If you're in Transactions/Acquisitions, you'll be an investment thesis wizard. LPs will know your background with the mention of the word Pru on your resume. Developers will want to pick your brain as you've seen the inner workings. If you can get in, and the bar seems to get higher and higher, you will be set for your next job in real estate. Great career brand and legit 3-year analyst program.

For you MBA types, Associate program also good. Pru doesn't necessarily only hire out of college undergrad. Some hiring managers like their analysts to have a year or two of seasoning/maturity. I've seen mainly targets and semi-targets, but occasionally non-targets too. So, you didn't totally miss the boat. But you have to be in the right place at the right time. The 3-year nature means there is periodic churn, but they will wait for the right candidate. Buy a HP-12c. Have an investment philosophy but be ready to learn from others on live deals. I think you need to be a good business writer and quant (IC memos). You need an outgoing personality but self-aware. Demonstrate you have good judgement and rational thinking. I think for analysts, real estate quant ability over salesmanship. If there was ever a "VC for real estate development" this is your training ground for a few years. Good luck.

Have compassion as well as ambition and you’ll go far in life. Check out my blog at MemoryVideo.com
 

Is it only in London? So people from the US come to London for the analyst programme as well?

 

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