Real Estate Investment Banking vs Traditional Investment Banking
Im doing my undergrad and would someday, in many years, like to own my own real estate investment company. I was wondering if anyone has advice whether it's advisable to begin in classic investment banking due to the networking opportunities or straight away try and specialise in real estate investment banking or other real estate finance jobs.
I have a similar question - I am attending b-school in the fall and would like to know if people would recommend recruiting into a RE group or a generalist group. Thanks
The majority of REIB analysts continue to work in the real estate industry. Although the work/analysis is not materially different (IMO), you don't see many people jumping back and forth
Some groups recruit for RE at different times (e.g., Lazard) to avoid applicants "settling" on real estate
So Lazard recruits RE before the generalist pool? Does this hold for associate recruiting as well?
If I were forced to decide while in college I would go into an investment banking generalist role, see what I like, and become an expert in that, and if I wanted to switch into real estate I'd do a real estate-focused MBA (e.g. Wharton). But that's if I had to ask the question, "What should I do?"
If, at the age of 21, I knew that I wanted to do real estate then I would do real estate focused jobs.
Thanks for the all the kind replies. At this point I think I'll try and go into AM to get some exposure the to RE and from there progress into a more specific pigeonhole
Thanks for the all the kind replies. At this point I think I'll try and go into AM to get some exposure to RE and from there progress into a more specific pigeonhole
This may be a dumb question, but if your long term goal is to earn a RE investment company, why not try and work in this industry right out of undergrad and gain the necessary experience right away?
Beyond that, even if you ARE 100% sure you want to do real estate forever, I wouldn't blame you for taking a $120k job right out of college. You would learn an insane amount while getting exposure to a variety of deals, companies, strategies, mgmt teams, etc while you get your footing in the real estate industry and figure out which direction you want to run in.
See the point of all this? Investment banking is a great way for conformist pussies to continue putting off making a career choice or doing anything truly great with their lives (kidding).
Plus a 120k job out of undergrad is a great way to build capital for the eventual personal investments. Can get a couple of small residential buildings or syndicate a medium commercial property if you played your cards right
http://whartonrealestateclub.com/careers/
That should give you a pretty decent idea of what RE is all about.
Real estate investment banking vs. non-real estate investment banking (Originally Posted: 11/30/2017)
Hi everyone,
I am thinking about moving into real estate Investment Banking.
What are the hours like in real estate Investment Banking compared to non-real estate Investment Banking like TMT, Transportation, pharma etc.
PUMP
RE Investment Banking vs Traditional IB-Cap. Markets analysts (Originally Posted: 02/29/2016)
All, I am currently at an investment bank working as a junior analyst. However, my buddy hooked me up for an interview with his commercial real estate firm in their Capital Markets Group for an analyst position. Mind you this firm is among the top three CRE companies (Think JLL, CBRE) in the world and has major investment banking, PE, and development divisions. I have interviewed with the firm before but only for positions in their brokerage operations.
Can anyone give me some insight on what materials I should be looking into ahead of time and possibly give me examples of the types of questions they might be asking me?
It's a long term goal of mine to move into an REIT or development so this would be a HUGE win for me if I can impress them.
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