Real Estate Brokerage? Helpful at all?

Hey fellow monkeys, I'm a freshman in university coming from a Canadian target.

This summer I managed to get a job working at an institutional real-estate brokerage in Manhattan doing real-estate valuation, compiling market research on excel and giving the information to agents. However, I'm worried that this job isn't related to my goal of going into banking and that it might pigeonhole me in the eyes of recruiters as a real-estate person if I want to go to FIG or TMT.

How pertinent or helpful will this internship be since the valuation I'm doing is all concerning properties not companies? I am also doing PWM for two months before this if that matters.

Thanks guys

 

I'm a junior right now, have gone through SA recruiting and successfully landed a banking internship in the firm of my choice. During the summer after my sophomore year I interned at a real estate investment firm, and it was because of this experience that I realized I want to start my career off on the sell-side part of the transaction as opposed to being on the buy-side because of various reasons (more exposure, being right in the middle of everything, etc). I think this story served me well during recruiting.

From your real estate brokerage internship what you can say is: you enjoy brokerage in the sense that you enjoy playing a role in the sell-side part of the transaction, but also you didn't like real estate as much as you thought and are looking for something different, namely corporate banking.

 

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