I have the opportunity to join a global pre-ipo tech company as a Real Estate/Portfolio Analyst. I have a traditional RE fund background so this would be quite the change for me, but compensation will be 40-60% better (depending on bonus) with additional stock. The job will focus on managing the company office portfolio, lease admin, acquisitions/disposals etc.
Question is, has anyone any experience from a similar role? It is obviously a risky move since moving back to more traditional RE could be hard, but the bump in pay is hard to resist. I have interviews coming with a huge and well known REPE fund, but not sure if I want to take the risk of trying for the REPE role when already having an offer in hand.
Based on the most helpful WSO content, here are some insights and considerations for your situation:
Pros of Joining the Tech Company:
Compensation:
Experience Diversification:
Growth Potential:
Cons and Risks:
Career Path Uncertainty:
Job Security:
Considerations:
Long-Term Goals:
Current Market Conditions:
Interview with REPE Fund:
Additional Insights from WSO Threads:
Ultimately, the decision should balance immediate financial benefits with long-term career aspirations and market realities.
Sources: Life in Acquisitions (Analyst/Associate), Q&A With a Buy Side Analyst at Real Estate Investment & Development Firm, Life in Acquisitions (Analyst/Associate), 2020: Real Estate Bonuses, What was your path to a Real Estate Private Equity job? Looking for advice
Bumper cars
I suppose I’d need to know more about the position and the company to give advice. Why does a “global pre-IPO tech company” have an office portfolio, for instance?
I think there would be a lot of opportunity out there building new stores for Apple or new datacenters for Amazon, but I don’t know enough about this one to say.
Thats a good question :D the role is to sit on top of a global office lease portfolio and mold it towards IPO shape, after which they'll start to look at purchasing office space for longer term hubs. Its a hyper growth SAAS-company so no stores unfortunately, just an expanding global office presence. My thoughts are that it could be a good way to break into the "workplace" side of companies, but after that I am not sure.
Decided to take the tech company offer, 30% bump in pay, relocation (personal goal) and stock. Pretty confident that if something goes to shit that I'll be able to switch back to "trad" RE. Exciting!
Good luck!
I have considered this move in the past as well. I think it is attractive for all of the reasons you mentioned but may not have as many transferrable skills if you want to get into REPE. What is your current role/background?
I think that a switch to REPE can be possible further down the road, but that will require a briefcase full of contacts in the Tech world. Extremely niche but thats usually a good way to get paid :)
For background, BSc from a top 15 Russell Group Uni and an MSc in Financial Economics from a top 20 European uni. Grades were average but I have busted my ass optimizing my CV.
I did an internship at a small IB and for the past 3 years I've been working as an investment analyst & asset manager for an Pan-Geographical open ended fund. As1 promotion nearing, but this was better for me pay and future wise as I am bored of the countries we invest in.
Thanks!
Risk it for the biscuit. No need to worry about going back to a more traditional role when you're rolling in it.
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