RE recruiting - wtf do i do?
Junior w horrible GPA (2.9) at non target (not even sure if targets exists for RE idk), interned at small MF shop this summer ~1B AUM on acq. and capital markets team.
I already know my GPA is gonna f*ck me for 2025 SA roles, I can prob bring GPA to 3.3 - 3.4 by start of senior year. It's low due to of a very very very messy 1st semester, not gonna try to explain cuz it doesn't matter.
Would also appreciate any info on recruiting timeline for RE specific roles, Ik it's not as structured as traditional IB recruiting and I can't seem to find much on career pages on alot of these firms.
Anyways, any tips and suggestions for me? Are my chances at top REPE firms so small I shouldn't even bother?
You’ve put yourself in a challenging position with the GPA. That said, given you realize where you’re at would recommend spending as much time networking as you can. If there’s a story behind the low GPA or you’re able to build strong relationships with people in the industry who are able to help push your resume up the stack a bit it would arguably help your recruiting process moving forward.
Hey man, my first ever post, thanks for your advice. Gonna start blasting emails and building those networks like you've mentioned.
Start networking. Alot of places say they care about GPA, but leave it off your resume, and you should be fine. You shouldn’t even be thinking about any “top REPE”. They are the few firms who will care where you went to school and how well you did there.
Which MF if you dont mind? You can also give 2-3 examples for privacy. Am very curious as im also looking to recruit for RE.
MF = Multifamily. There’s millions of them
think he means Mega Fund....
Networking will be your best friend. Had a similar gpa to you but was able to network my way into a top brokerage SA seat. Have an explanation prepared for the poor gpa but emphasize how you plan to push it upwards. Also make sure you know your shit about technicals and the industry because you’ll have a massive handicap.
So your 2.9 GPA didn’t interfere with you getting a MF internship, but you’re worried a projected 3.3 GPA will interfere with you getting a full time offer?
Why don’t you just…do the same thing you did to overcome the GPA in internship recruiting? You’re clearly smart, a great interviewer, charismatic, the son of someone important, or something. Do that again.
He means multifamily
You’re not screwed - you’re going to network. Life happens we just need to figure out how to deal with it. Grades are not the be all end all. You’ll just need to approach recruiting via networking instead of applying and getting selected.
Real estate recruiting generally is April/May/June. Moreso bc the firms are smaller. Large companies with real estate programs will be end of summer / early fall.
You’re going to cold email people you want to speak with. See who answers you. And then begin creating and farming that network for opportunities. You’ll stay in touch with these people every 6 months telling them what you’re up to. They will hopefully help you for the next round of internships. All the while you’re still talking to people and adding to your network. For senior year you’ll use the same network to help find a job (assuming you still want to be in real estate). You’ll be fine. Life is life. Just gotta adjust and move forward, not back.
List your major or “college of business” GPA and hopefully no one asks for your cumulative. That’s what I did and was fine. Had like a 2.9 cumulative and a 3.4 for my business school classes.
When anyone brought it up I would just be like “yeah I bombed anthropology when I was a freshman but got As and Bs in my upper level finance and Econ classes” and that usually did the trick
If you’re bombing your finance classes then that’s not good
Your chances at REPE firms that care about GPA a lot aren’t good.
Luckily that’s something that very few real estate companies care about and is completely irrelevant after two years.
No, you probably won’t get Blackstone after graduation, but most people with 4.0’s won’t either. Focus on what you can still get - which are the majority of jobs out there.
Fear not, for I had a lower GPA than you when I graduated, and just received an offer from PERE top 50 firm.
There is hope, do not worry about your GPA. But that does not mean mail it in until graduation ... try your best to graduate in the 3.3+ range.
It’ll be an uphill battle. If you don’t land a repe role would consider lending or property management job to get your foot in the door and then pivoting in
Brokerage - Investment Sales or Leasing. I don't recommend Property Management as that would be a clear step back from your MF internship.
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