Out of Brokerage --> Into Ownership Side (Acq/AM/Dev, etc)
Appreciate everyone's insight on this forum, has helped me a bunch. This is my first post.
Quick background on me:
Went to mid-tier UG with VERY avg GPA with degree in Sports Mgmt (wish I could go back ha)
Worked 1.5 years for Marcus & Millichap in major northeast market - sold mainly multifamily assets (middle market $1m-$30m)
I had zero real estate experience/internships prior to this job.
My goal is to get on the ownership side of the business. I just applied to NYU MSRE to start in the summer. I've been told by many industry professionals that modelling is very important, so I'd love for some top recommendations where I can start practicing as I only have basic knowledge on how to manipulate a model --- I have no idea how to create one from scratch. I've heard NYU's modelling content is basic as well so I would need a supplement.
My other question is: How difficult will it be for me to get internships with top firms (think Related, Lightstone, Extell) given my background? ...so that post-NYU, I will have some nice experience that will propel me to a solid full-time offer upon graduation. I've heard salaries in NYC for 1st year analysts range from $60-80k with bonuses anywhere from 20-50% depending how active the firm is.
During this whole process, should I leverage the fact that since I was a broker, I have very good relationships with other brokers (all asset types) aka access to deals?
I would appreciate any insight - thanks guys.