Real estate pathway I could take from Colliers/JLL/CBRE
So I’m finalizing an opportunity at colliers to work in advisory and wanted to get an understanding of what pathways I could take. I’m coming from an IB background, the firm was trash so colliers is a significant upgrade in terms of brand recognition and quality of deals. Also, I have an interest in real estate and would like to do real estate as a career either on the buy side or sell side. As I’m young and eager to learn, I’d like to learn about what exit ops I could get while working in their advisory team.
I have a few questions about what paths I could take here: 1. If I worked in advisory, if I had an interest in investment banking on the corporate level, could I lateral to an IB coverage team? 2. Do many people go from a colliers capital markets or JLL in advisory to let’s say a REPE firm like starwood, blackrock kinda like how one would do IB then exit to PE? 3. What are the pathways I could take if I were interested in REPE later on in my career from one of these places? 4. Is an MBA really needed to break into REPE at a Starwood or blackrock?
1. You could go to IB from a CRE advisory role if you so choose to in the future. You might need an MBA, but its certainly possible to do.
2. Yes and no. It's certainly not unheard of to exit to a top REPE from a top brokerage, but it's also unlikely since they are the Starwood's of the world. Coming out of a top brokerage it wouldn't be too hard to exit to a middle market or other institutional group. A lot of people make the move from brokerage to REPE/Dev so you're on the right track if that's your end goal.
3. If you're dead set on Blackstone/KKR/Starwood then I would suggest getting on a brokerage team that deals with high profile groups and are top producers. From there you could apply directly or go work for a smaller but well known group and then lateral to one of those shops later on.
4. "Needed"? No. Does it help though? Definitely doesn't hurt.
If you want to work for Bx/Swd you should do IB (preferably REIB) rather than brokerage.
Correct, or Eastdil
Investments sales --> REPE is a tried and true path
going from IS to REIB or to a MF REPE like BX/Starwood is not as straightforward, will require a lot of networking and luck, but I've seen it done
important note: lots of REPE gigs that are easier to get than BX/Starwood are also much more enjoyable jobs IMO
I am also from Canada and want to mention that if I wanted to go down this path I’d have to do an MBA so I can get an OPT visa that would provide me 3 years of work on top of my TN, and then hopefully I’d get a shot at an H1B. So yeah that’s also what I wanted to say.
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