The slow-climbing ladder in CRE (working at a REIT, developer, fund, PE shop, etc.) has its appeal (general stability, salary, etc.) but it seems like people that go into investment sales can make a killing and have a nice life and balance if they work hard and do it right.
For people that have made that jump, how has it been for you?
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Hi fillerm, whoops, looks like nobody chimed in here.... maybe one of these discussions below is relevant:
More suggestions...
You're welcome.
Jumping in as someone doing the opposite.
I do not work for typical IS. I am more street side aka owner-user, investment deals under $10M. I think brokerage has it's appeal if you are on a stud team for big shops like CBRE/JLL etc. It can be appealing as well for single guys/gals with no family. However, I can't stand being commission only. If a deal falls through, you just worked for free. I am going MBA next year to penetrate different market and switch to corporate side or buy-side. As someone who is getting married and starting to think about family, I'd rather earn 250k stable than have the chance of making $500k. I also enjoy the finance side of corporate world rather than being a salesman.
I believe there is a reason why you mainly hear of people leaving brokerage for corp side/buy side; rather than the opposite.
Interested to hear other opinions.
Are you look into acquisitions? As somebody who made a similar move from IS -> Acq, I need to caution you that its not what you think in terms of going from a "sales job" to an "analytical job".... acquisitions is basically all sales and relationship building too. I ended up moving my focus more to an AM/PM role once I realized working in acquisitions is like 80% the same job as being a broker. Although the stable income vs commission is a big difference and very nice to have.
I wouldn't mind going Acquisitions. I do enjoy the relationship building aspect of this business because I believe (and have been told) that I am very good at it. I just don't want my entire life, and family's life, dependent on commission. I don't have the stomach for it. Mind if I pm you?
Sounds like it could be a great fit for you then. Feel free to message me.
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