REIB compensation, hours compared to other IB groups
Title kind of says it - how does reib compare to other “regular” IB groups when it comes to comp/hours? Any info is greatly appreciated
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Hours are better but pay is the same. If you’re interested in RE, it’s one of the best deals in the game in my opinion
Bump, it’d be great to hear post MBA associate’s perspective as well.
This is correct(above), but you do come out with less tangible real estate experience. You can transfer to a mega fund though...so gives and takes.
Good to hear. I appreciate it as I know hours are intense in other coverage groups and range 80+ weekly.
Given that said, I am well aware "better hours" are off the table during live deals.
Outside of deals, what would hours to be expected? Safe to say 60-70?
No, top BB RE definitely work 80+ weekly. You might find more reasonable hours at lower levels and MMs, but exits are worse coming from REIB than other groups because property level RE experience is just as valuable if you want to go into REPE which opens the door for IS and capital markets at brokerages.
I could definitely see your former point of the hours, that is expected.
I do think your latter observation of "exit opps being worse for REIB" seems a bit irrational. I have researched quite a few REPE, development, and acquisition shops and overall majority of backgrounds I see of these senior level individuals is prior REIB experience. This is in my specific geographic region, so maybe different elsewhere. I am in no way implying the typical "IB or bust" stigma that is quite overused on WSO, as I know RE provides more flexibility to switch into roles than other career paths.
I think your point of that the implication of "IB or bust" is more so what I was indicating. REIB at BAML/MS/GS/CS does give great exit opps to REPE/REIT/Development firms, but RE in general does not require you to work at MF or top firms to make money. I will say top firms definitely prefer REIB, but unless all you care about is brand then it's not that big of a deal. People at CB/JLL/Eastdil exit into REPE at a slightly lower rate than REIB, though maybe less brand name firms.
To solidify some of the info I have had a recent discussion within last day or so with an associate at a BB and he said hours are comparable to other coverage groups.
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