valuation offer or development
Background on me: I have a bachelors and master's in real estate from a top program. I have a few years of internship experience in CRE. I signed a valuation offer a week before I was offered a development jobs. Explanation below:
The offer I signed is a full-time offer from a large national valuation firm. Comp isn't great, and I would be located in a very HCOL city. Pro's are I'd get great experience valuing multiple property types across the country. Con's are I'd have to get out of it as soon as possible, hopefully moving to dev/PE/asset management.New offer is an internship offer at a regional developer of healthcare properties. Goal is to move to full-time in 3 months, assuming I don't completely screw up. FT comp is higher than the valuation offer by about $10k. I've always wanted to be in development- it's the reason I'm getting my MSRE. There is supposed to be an enormous amount of development happening in senior housing in the next decade or so, and the group is growing quickly. The job is near my hometown in a very LCOL city. Only con I can think of is I don't know what my exit opps would be for this. I do see this as my ideal long-term career, but if I did want to get out, I'm not sure how great a regional development position on a small team looks on a resume.
If you want to do development then take the development offer
I would need to back out of the offer I already signed. Is it worth it?
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