Recent Graduate opportunity
I am graduating with a BS in Finance and minor in Real Estate from a top southern school. Looking to enter the commercial real estate space. Although I have a great resume and an internship with a development firm that worked on multifamily building, I am having a hard time even getting interviews for analyst positions at JLL/CBRE etc. Any advice as to other roles I could pursue or more boutique firms that would hire a recent college graduate?
Thanks everyone
From one soon-to-be graduate to another, just keep networking like hell through alumni and keep applying. Also at a top southern school graduating in a few weeks and had an internship at a development firm last summer. I was hardcore searching for FT Dev/Acq./IS analyst spots from October all the way through mid-March. Eventually one will go your way.
It was a super discouraging process (applied to God knows how many spots and interviewed at everything from top tier REPE shops to small town shops, and had several fall through that I felt went really well), but it'll work out as long as you keep working at it.
Best of luck!
It's rough right now for us recent grads. Just make sure your resume is top notch and polish up your interview skills, there aren't a lot of firms hiring right now.
Its a bloodbath out there. Why do you think every joe schmo is running to grad school
Not many places are hiring right now as there isn't really a need for new people yet. People are cautiously optimistic about rates staying stable here for a while but with a worsening macro environment we aren't expecting rate cuts for months, if at all this year. Until deal flow picks up (either through lowering rates or expanding cap rates) there isn't a need for new people in REPE or development because deals aren't getting done. To that point, brokers aren't doing deals either so they don't need to bring on analysts. Unfortunately people graduating in the next 2 months are SOL because of factors outside of their control are limiting job openings nationwide in almost every sector. If you can go back to get a masters, its safe way to push off that job search another year or two. Outside of that, you can always look for roles with lenders and try and lateral back to the equity side when the market conditions improve.
100% agree, know people in grad school at top schools who are even struggling to get internships. Know people at NYU and Columbia and I'd say combined maybe 10-15% of the program that wants an internship has one. There are very few options out there right now, although I do know people graduating from those programs and others that are looking or have accepted internships as a trial period to see at the end of a few months where everything is at which is crazy if you're the student taking that.
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