Couldn't find a thread so figured I'd start one. Looking for NYC, SF, Chicago. Would love to hear advice from people who recruited for FT, what to expect, and any spots with openings. Looking to work in acquisitions, development, banking(doesn't have to be IB), AM, or brokerage.
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Will start to see more post return offers from this summer. But don’t expect analyst class sizes to increase as much.
Del
REPE MFs return rates from this summer are ~50% from what I've seen
market still seems low key cooked
Have any firms that have had postings out for a while (PGIM, WF CRE, etc.) started interviewing yet?
I had PGIM hirevue like 2 weeks ago but have yet to hear about any actual interviews. I applied WF as well
What city?
Got rejection yesterday PGIM
Did the hirevue close to two months ago now, haven't gotten any update on it yet lol
In this job market? Better start believing in god dude if you haven't already
I’ve seen in other threads that firms will open up later this month until the end of October. But I’m wondering if that fails… how common is it to get a full time offer in CRE post Christmas? Also, how much does networking help? Do you need to ask for direct referrals or is it just good to get your name out there? Also, some other general advice on how to attack this recruiting would be great too!
I graduated May 2024, I got my job offer post graduation. It wasn’t exactly what I was wanting to do, but it was in CRE. Actually got another offer doing CRE research around that time too. If you get to 2026 without an offer, you just need to lower your expectations and expand your scope but you’re not completely screwed
Pretty sure Eastdil apps drop in September, while CBRE and C&W don’t recruit until the spring (entirely ad-hoc). Not sure about JLL, could be earlier like Eastdil given their “Investment Banking structure”.
JLL apps have dropped and can be found on LinkedIn
Pretty sure those roles are immediate start, had an interview the other day and that's what was communicated to me at least.
Appreciate the input everyone.
Also, is anyone getting return offers? Haven’t heard many real estate success stories from people I talked to. I had a pretty informal program but we still had 8 or so interns.
For some reason it seemed unseasonably rough this year – our group had 60% return
anyone been hearing anything for WF CRE FT,
Group pref went out yesterday
Yep^. Also should have received a personalized email for location and business groups that have business need.
Nothing.
First round interviews are scheduled
I had the pref list, but no email to schedule R1 is it over?
Heard the entry level market is pretty dried up right now - and return offer rates were especially low. Gonna be a bloodbath tbh
Hate to say it, but I think it’s only going to get 10x more competitive in the coming years as AI replaces and limits the need for as many analysts. This goes for all investment industries imo. Some companies are already starting to notice this. If you can’t land a return offer from where you intern, it’s gonna be extremely difficult to find a role. Best bet is asset management (ton of open roles that pay solid $), maybe capital markets… acquisition and debt origination are extremely competitive, like it has been for years, at literally every company, whether you’ve heard of them or not. And development, well, limited opportunities and been boring. Although, with rates coming down soon, we might finally start to see more deals pencil and a pick up in job postings.
Have not seen one legitimate REPE shop swap analysts for AI
Where have you seen this, in actuality?
Just my two cents, take it or leave it. I haven't seen, and do not expect to see, an example of swapping Analysts entirely out for AI in CRE, but I have heard from institutional leaders about a lesser marginal need for more Analysts given how productive good Analysts already are with AI. And given how relatively inflexible corporate payroll/G&A is for real estate investment businesses that are boxed out of doing deals and just trying to stay alive, we should expect demand for entry level Analysts to remain relatively flat until the macro meaningfully returns in favor of real estate proformas. If I was recruiting for entry level CRE Analyst roles, I would try to become the most knowledgeable person I can about driving AI efficiencies within a deal team and be the junior guy that everybody wants to talk to about the cutting edge/frontier of AI. I would also look at getting my foot in the door at a special servicer as you can learn as much as you want to given the information you have access to, and they will be extremely busy for at least the next 2-3 years. Or go to a grad school with a good track record for CRE job placement.
The reason I am optimistic that Analyst recruiting will pick up meaningfully during the next cycle is because A LOT of my network working in the institutional CRE grind are being passed over for promotions due to a lack of deal experience and forward pipeline. They've been stuck in a Associate/Senior Associate/ Sub-VP role for a while, and the gritty ones are going to wait it out, others will go to grad school or hop industries. Once that mid to late 20 year old cohort gets bumped up during the next deal cycle, or they leave before it happens, every VP will start scratching their head wondering where they can find more Analysts that can make their lives easier. It probably won't happen all at the same time (brokerage is usually the first subsector to open recruiting).
Good luck out there monkeys and feel free to PM to talk anything through.
What are people’s favorite sites for finding entry-level jobs? I’ve so far been using only Handshake and LinkedIn.
Just got PGIM and Eastdil hirevues.
Anyone hear back from PGIM HireVue?
Anyone hear about WF and PGIM 2026 RE full-time analyst updates? I know R1s for WF were held last week and Hirevues for PGIM have been going for a while.
Did my Hirevue for PGIM like 2+ months ago nothing since, and I haven't seen anything about somebody else getting feedback either
Haven't gotten a rejection from Wells after the pref list but R2 are being held soon I believe. They're visiting my campus tomorrow so I'll hear directly from them tomorrow
Same
del
has anyone heard updates about RE full time NYC office?
If you're talking about PGIM, they sent out rejections like a week ago
Never got one for equity
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