REPE in Chicago

Based on the most helpful WSO content, here are some insights:

1. Transitioning from Acquisitions to Investment Banking (IB):

   • Transitioning from a real estate acquisitions role to IB can be challenging but not impossible. It's crucial to have a strong story about why you want to make the switch and how your current skills are transferable.
   • Networking is key. Use LinkedIn to connect with professionals in the IB industry and seek informational interviews to understand the landscape better.
   • Consider taking relevant courses to beef up your resume, such as financial modeling or investment banking prep courses.

2. Recruiting for Full-Time IB Roles:

   • Given the current market conditions, especially with M&A deal flow not being the greatest, it might be tough to land a full-time IB role directly out of college.
   • If you decide to join the current firm post-graduation, you can still aim to pivot later. Many professionals move from real estate roles to IB or PE after gaining some experience.

3. Pay for REPE in Chicago:

   • While specific figures aren't provided in the context, generally, pay in REPE can vary widely based on the firm size, AUM, and individual performance.
   • Smaller firms with less than $600M AUM might offer lower compensation compared to larger, more established firms.

4. General Advice:

   • Remain open to opportunities. Your first job might not be your dream role, but it can be a stepping stone.
   • Focus on building a strong foundation in real estate and finance, and be prepared to lateral if needed.

If you need more specific figures or further guidance, consider exploring more detailed discussions on WSO or connecting with industry professionals.

Sources: Switching from Big 4 to Acquisitions: My Story, Q&A: Barclays IB to MM Private Equity, Moving from Asset Management into IB / PE, From Private Equity Associate to VP in Private Equity, Q&A: Barclays IB to MM Private Equity