Paternity Leave in Real Estate Finance Roles
This one is little off topic. Currently vetting potential roles and newly married. I don't plan on having kid for another year but how do you bring up the paternity leave question. We know this is good ole boy network in regards to this subject. Has anyone seen companies become more progressive on this? Should I bring it up in the interview process? What is the most I could hope for in a mid -level development/acquisition type of role? Asking for friend. My wife works at Bain so she has real corporate "benefits" that us real estate folks can only dream about. She wants me there in the beginning and I want to be there, but how realistic is that in our profession?
At Hines the parental leave policy is gender neutral, 8 weeks for both fathers and mothers.
The more "corporate" the firm the more likely it is to see things like this. My firm (big corporate type developer) gives 4 weeks paid (plus you can use other PTO which is decently generous) and I think more for "birthing persons" (it has to be equal for males and females, so they justify the extra time based on the medical recovery from childbirth). I've heard of parental leave benefits ranging from 4 to 8 weeks being common for when the exist.
I'd ask the HR rep/person, its more common expected now than ever. Small firms could be hard to gauge, but still, would be off putting to find a firm that wasn't supportive.
Heard of some PE firms giving one week.
Echoing the above - the more institutional the group, the more likely there will be a generous policy.
I work at a mid-sized operator and had to use two weeks of sick time. My wife works for a large multi-national and received 14 weeks paid.
It's crazy to me how archaic this industry is in every way. I love what i do but damn why can't we get with the times?
Lots of family offices have paternity leave.
This topic is very relevant for me. Wife and I have a kid on the way. Shes a doctor so she obviously has to physically be at the hospital. She gets 3 months maternity and I get maybe a few weeks. Its extremely tough to manage a newborn and this will be our first. Luckily I am remote so I can manage but its tough. Im seeing several households where women are working outside, while men can work in office/remote settings.
Took 2 days for the first kid, then was working from the hospital with the second.
It's tough to vet in an interview without potentially dinging yourself - if you indicate you want to take paternity leave at all instead of just leaving it to the wife, some guys are going to look negatively on that. But you need to ask yourself, do you even want to work at a shop that views it that way?
I've reached a point in my career where I'd rather miss an opportunity that isn't the right fit than settle for less than I want. I value WLB now so I'm happy to say "Hey, I'm happy to work 70-80 hour weeks here and there during crunch time but I'm not looking for a shop that is a constant grind anymore, been there done that. How is the culture here in terms of typical hours".
Facing this now - work at a developer where not a single person has taken paternity leave to date. I may end up taking a week up front....TBD about the remainder, don't really want to be the guinea pig when I'm trying to make partner.
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