Quitting REPE - thoughts on pivoting out of CRE?
For some context, I've been working in REPE for about 3 years now out of college. I've worked at a large firm doing AM across all property types for about 2ish years and now doing multi acq at a very active shop for about 8 months now.
Honestly, both roles are sweaty as hell and i think im at a point where i value WLB ALOT more. I dont get my weekends, I'm working around the clock and my boss is online more than I am. Pressure is so high, high stress and stakes trying to win deals, fire drills to answer late night equity questions, DD tight deadlines, etc.
Not trying to complain or throw a pity party for myself, I know 100s of other high finance professionals have it worse. I have just came to a point where i'm fed up and done with this shit.
I was looking at FP&A, corporate finance and some other consulting roles but have no clue where i would even piviot to and or what to do that has WLB and would take my for my resume. All my experience is CRE, probably should've thought about that before going into the industry lol but I'm here now. I really dont mind something lower paying, I value my physical health, mental health, relationships, and hobbies outside of work rather than sweating away.
Of course i have alot of thoughts and done alot of soul searching with this decision, I'm just trying to make this post concise to get my point across.
Curious to see if anyone has done the same thing?
Have you looked into balance sheet lending? Definitely more chill, and your skills will transfer over easily.
Balance sheet CRE is so boring and you deal with idiots. The bureaucracy is insane at big banks.
This. Transferable skills. Very solid pay. But pretty frickin boring.
Totally reasonable to prefer WLB over REPE hours.
I would suggest avoiding consulting though if you want better WLB.
Any thoughts on development? I would say it’s much better WLB than traditional REPE. It’s also intellectually stimulating and a good mix of work.
Depends on the shop. It should be better. It isn't always, especially at the 3 years in level.
Depends if you still like CRE but work at a LifeCo.
This is anecdotal so take it with a grain of salt.
I’ve known people who pivoted to a CRE role within larger corporations from REPE/Dev/etc, worked in that facet for a while then pivoted to FPA, IT, or even software engineering within the same company. Could be a path to consider.
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