PERE 200
Just saw pere expanded the list out to 200, can anybody copy paste that has access?
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Since you asked...
Source: PERE
and
Source: PERE
Since everyone likes to quote this sooooo much, you should see the methodology so you know what "counts" and what "doesn't"
Since I know WSO loves rankings... and that some will see a "rank" above and assume or infer "quality" of firm or where it should sit on a "get a job hierarchy" (trust me, if you understand this industry and how/what these rankings mean and are calculated, you wouldn't do that!). I am adding the 2021 IREI Global Investment Managers below, this is based on Total Real Estate AUM and is really a much better "league table" and guide to use (google for it, the PDF is easy/free to find). Just look where a firm sits on this ranking vs. PERE, then you start to understand.
Strong disagree on the sentiment here.
Cerberus is 100 on this list. So you’re telling me it’s better to be an associate at AXA, CBRE, UBS (lmao), because they’re top 10?
The best places to get paid and get experience at junior firms are not always the largest by total AUM. Often times, it’s the opposite. Sleepy core funds often manage the most money, but doing primarily core acquisitions and asset management is not nearly as good of experience as doing opportunistic debt/equity investments. And it won’t pay you nearly as much. Just ask your pals at UBS how much they make, and then go ask your pals at Wheelock or Cerberus.
That's not my point at all..........
My point is that none of these rankings should be trusted as providing any means of "ranking" firms to work for. PERE simply ranks by fundraising for certain structures in value-add/opportunistic, IREI by AUM.... and it's worth noting those don't align as people think they should/do.
Every firm, and the role one get's offered, needs to be evaluated on its own merits. I know a few people who left Cerberus who totally hated it and would absolutely take AXA or CBRE (not gonna mention the third...) retrospectively. And there are others who would do the opposite. To note... I'd totally go with AXA or CBRE GI over Cerberus!
On WSO, PERE rankings get tossed around because 1. they are rankings and 2. PERE is an anagram of REPE. And yeah, that leads some to come away with the idea that working for Cerberus or BGO is going to be miles better than PGIM or Heitman or even one of the really down ranked PERE 200 firms like.... JP Morgan Asset Management (clocked in 111!)...
I mean, number 200, literally on the bubble is Hackman Capital Partners..... that is a really cool firm that WSO'ers should kill to join! (not a joke... research them!).
So to sum it up...... NONE OF THESE RANKINGS RANK JOB OPPORTUNITIES OR FIRM QUALITY
Wheelock isn’t bananas pay but I get your point
Which of these places will pay me $500k cash and $250k annual carry for 10 YOE tho? 🤔🥺😩
LOL def a question for the main forum..............
Seeing a lot of inaccuracies just from firms that I know here. I see one group that I used to work for, listed at $3-$6B AUM when real AUM is $11B now.
Yeah I don't think the point is to take this as gospel truth, but rather as a relative guidelines for AUM. I know a bunch of firms that are in the mid 10 figures of AUM that don't appear on here, I'm sure a lot of this is self-reported and some is just plain out of date.
There’s not an official way to count AUM. I know one of the firms on the list includes non-discretionary AUM on the number they send in.
All the college kids asking for the PERE 200 are the ones who can’t get hired at the PERE 100 firms.
How many undergrads do you think these 200 companies hire a year (in Acq/AM)? 2-4 conservatively? so 800 spots(max) a year out of how many undergrads a year looking for jobs?
It is all competitive.
W comment. Dude above you is definitely a pompous ass
From my somewhat limited personal experience, 2-4 analyst hires per shop annually feels widely aggressive and not conservative. Also, you have to factor in timing as a new grad; a vast majority of these shops don’t do structured recruiting so it’s on you to keep in front of them when the time comes to hire.
Top 50? I would say maybe 5.
51 - 200. Might be 1 and that is likely to be off cycle.
Never said it wasn’t competitive.
When does recruiting for the firms that hire out of undergrad start for these companies. Does anyone know?
bump
2023 SA at major institutional players are done. Next wave will be August and Fall. I would keep checking handshake and LinkedIn as they are sporadic.
Source:
Recruited since Feb at top 200 and finally secured an offer.
Let's expand the list until we get down to firms that have raised about $3.50.
https://www.ossocapital.com/
Their motto is "old school meets new school." What data intelligence/AI are these real estate firms possibly using? Is it a boatload full of crap?
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