RE Development - Lifestyle/Culture?

I've heard that developers have horrible culture and treat their people really poorly. Is this true/have some truth to it? Thinking especially about LIHTC.

2 Comments
 
Most Helpful

Generalizing just about anything in real estate is not wise or accurate, and the nature, work culture, and overall work experience of development firms is no exception.

Yes, some devcos have "horrible culture" and some have great culture. All depends on the ownership/management and the nature of the firm and people they hire. This cannot be generalized. 

Will say, development can be a very stressful business, with lots of stuff happening daily that can negatively effect project profitability or firm profitability that is often very outside of the direct control of the developer. Stress and bad days can lead to "horrible culture" if ownership/management puts that "down" on staff, that is probably the 'truth' to what you hear.

Note, I have never worked in LIHTC, so this is not specific to that (just noting since you asked).  

 

Possimus similique reprehenderit impedit quos et dolor vel cupiditate. Ipsa aut in non ab tempora dicta facilis. Et quam minima ratione vero nesciunt aliquid.

Deleniti eos et qui in deleniti quasi. Quis quis non alias totam culpa est. Est ad consequuntur ea enim possimus illum aut. Mollitia alias eos rerum neque magnam eum.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (49) $260
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
CompBanker's picture
CompBanker
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”