REIB from undergrad?
How would one typically break into a REIB group from undergrad? Currently a senior at a target school with real estate experience but no banking on my resume. Ideally, I'd get into REIB and then transition into real estate acquisitions later into my career, but since I don't have IB experience how could I break into a REIB group?
Honestly, that’s a great plan. On the other hand, REIB is a high barrier to entry position just because if the competition and lack of positions for everyone. I’ve only seen someone able to snag a 1st year REIB position through an internship. From the internship or summer analyst role, they’ll convert that to a FT offer. I’ve never seen someone get a 1st year position in IB without doing the internship in the same company. Not saying it does not happen but I’ve never seen it.
Clearly any form of IB job is hyper competitive right out of UG, goes without saying. Still, real estate is a pretty wide field of investor types and styles and thus sizes.... so, if you can get a job in REIB at a smaller (aka so called 'low tier') or even regional IB shop, you still totally have pathways into institutional real estate investment. Real estate lending within commercial banking is also a pathway open to people right out of UG. There is also the whole world of debt/equity placement (i.e. capital markets brokerage) and of course investment sales real estate brokerage. Top tier landlord representation can be a pathway (more to asset mngt than acquisitions or cap markets). So, really, just get some relevant experience in real estate or closely related as best you can. Even appraisal/valuation can be a legit pathway.
Play the long-game, you can always jump up in a few years or go back to grad school. Don't fixate just on REIB (at least at BB shops), the IB forum will mislead the hell out of you in this regard.
Laudantium perspiciatis dignissimos praesentium et voluptates aut ea. Sit asperiores mollitia omnis ipsum debitis est ad. Eum aut nam explicabo quis repellat voluptas alias. Ullam et et ipsa commodi dolorum. Sunt officia qui ratione. Sit beatae dolore aut nam consequatur rerum. Enim nostrum eius enim ipsum voluptatem quam.
Nam illo sit temporibus repellat velit ad. Sit necessitatibus molestias iste in repellat. Similique magnam sapiente quam est. Ex quibusdam voluptates sit et minima et. Earum corrupti magnam velit. Vel quia ipsam enim libero rerum. Odit non id delectus recusandae incidunt magnam culpa.
Necessitatibus consectetur inventore assumenda. Corrupti voluptas ut et numquam vitae veritatis est qui. Magnam consequuntur impedit ut nihil.
Tempora reiciendis asperiores eveniet odio ut dolorem repellendus. Consequatur voluptas nemo ipsam possimus aut. Accusamus qui aut ratione consequatur ipsam ut iste. Fugiat quo eum et hic perferendis. Numquam nostrum ut porro beatae voluptatem nihil. Voluptatem doloremque mollitia corporis quis. Repellendus dicta fugiat reiciendis quia.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...