RE IB or attempt to go straight to REPE out of undergrad
Hi, I am currently an undergrad with a SA position locked down. Location and position is not exactly what I want so I plan to recruit for FT next fall whether I get a return offer or not. As I find with most people interested in real estate, my end goal, as of now, is REPE preferably acquisitions. Would more experienced people in the sector be able to comment on the RE IB route versus going straight to REPE (my undergrad program does have a good amount of PE firms recruiting straight from undergrad, obviously not all the biggest names because they don't take straight from ug but we do get Starwood/Blackstone and funds slightly smaller than these).
if your undergrad is actually getting blackstone and starwood coming to you, dont do RE IB, even if your undergrad was not getting big names coming to you, I would still say to go straight for PERE. Real estate is the only one where you can jump straight into the buy side in a mega fund private equity role, if you have the resume, GPA, ability to get into REPE, go do that, and dont worry about if they are recruiting at your school or not, that will make it easier, but go for any/all. Go get a bunch of offers,
There are certain firms that focus on recruiting analysts with 1-3 years of REIB experience, so the answer isnt as straightforward as sailor says.
Almost no one on the RE forum had the option of doing REIB, so they just shit on it when asked. Fact is there are certain REPE roles that aren’t as good launching pads as a respected REIB program. Just depends on the REPE fund and IB in question
Edit: I swear people downvote my stuff no matter how accurate... smells like Jelly in here
well, if there is the option of going straight to where you want to be vs wasting two years doing powerpoints in IB ..... life is too short to not enjoy the journey.
Claiming that all you do in IB is make powerpoints just shows your ignorance.
I get your point, but again it’s not that straightforward. If you have no experience in IB, don’t tell people to skip it just cause you you read a post on here where someone claims all you do is make powerpoints.
If all you want to do is asset level REPE, then yes, go do asset level repe. However there’s a whole world of creative real estate deals outside of just buying an individual asset, and that’s what REIB gives you insight into. The firms that do those types of deals want REIB analysts (who work on those creative deals during their time in IB), not someone who worked on core apartment acquisitions at prudential for two years.
Now if you can go straight to REPE and work on those creative deals, then that’s a situation where I’d say go to REPE.
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