Curious if anyone has any insights on the Related Team in NYC (culture, hours, comp, type of people, turnover rate, etc) for an analyst/associate acquisitions and development type role. Went to school on the East Coast and have been working in REPE in NYC for the past 2 years so very familiar with the firm in terms of their projects and status, but some insight on what its like to actually work there would be extremely helpful. Thanks all
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Also curious…
You do realize it's an enormous company with a lot of different product lines, right? Are you asking about acquisitions in affordable housing? Development of luxury condos, or office, or retail? You work with very different people, on very different jobs, with very different responsibilities, depending on which you're talking about.
Culture is a sweat shop especially for development, heard they churn and burn especially analysts. I'd expect long hours (midnight, 1am, etc) and working some weekends, very lean team but great experience.
Are hours similar to IB? Also, any insight on comp?
In general I've heard comp isn't the best in development on the junior level. I'd assume it's close to IB hours and worse pay. They don't give af and there are a million people that would take an analyst spot on the team.
Banking type culture
It’s a resume boosting shop. You aren’t going to learn as much you think you would at the Analyst/Associate level. Exciting projects, but massive ones. Think of all the different departments that need to be involved for a development like Hudson Yards. You are only getting your hands on so much. I have heard at the Analyst level it is basically a Finance gig and you won’t get the exposure to the others facets of ground up development.
Meat grinder with pretty bad culture. Expect hours to be 60-80 at the lower levels. They run very lean and churn through people. Analyst comp I would expect around 90-120k or so all in. Associate maybe 110-150k. Not a place where you'll be able to grow in to participating in the equity or running deals yourself.
Damn that’s terrible comp
Welcome to real estate.
Anecdotal, but the recruiters I talked to were super pretentious and the whole process was disorganized. Doesn't spell well for the culture there.
Why do people want jobs that churn analysts?
Still great experience + resume stamp I assume
Because it is a well paved road and risk adverse
Does this increase substantially past associate level?
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