My guess is that your experience working there is dependent on the group, but I've worked with them in the past and my opinion of them is low. I know enough people that have interacted with them to know I am not the only person who holds that opinion.
I know much about them and interviewed there before COVID. Big, stodgy, inflexible manager of REITs. They start them, and pay themselves a fee to manage them on behalf of their investors. They are notorious for their REITs performing badly.
I do think that it could be a good place to start, to get your hands on some broad and diverse experience, or to coast (depending on the group - I’ve heard higher levels of asset management are cushy). But as the other poster wrote, this firm is generally not held in high esteem.
One of their REITs was subject to what was essentially a hostile takeover by investors who kicked them out at manager for being shitty. I believe it was called Commonwealth REIT or something (too lazy to Google).
You can do a lot better than RMR if you're in Boston - it's probably a 3rd tier place to work in the city. I would not recommend working there unless you needed a job or it was your first role out of school and looking to break into the industry. There are other players who are more active and have better track records.
Pre-COVID, was told Analysts should expect to be either working or available by phone until 9pm. Not sure how it is for other groups, I highly doubt the more experienced ranks are there that late.
Wait, seriously? I knew it wasn't a great place to work, but I figured it at least had decent WLB. That seems like a terrible gig for an analyst. I can't imagine RMR is paying above market comp, either.
I heard they had some asset management guys work on disposing a portfolio and then sacked them after the job was done since they had nothing to manage anymore
Rerum est pariatur adipisci quo est. Eligendi illo numquam voluptas odio omnis recusandae. Nobis numquam voluptatem ut porro quibusdam tenetur aut est. Et ut voluptas officia sequi eligendi saepe qui. Ratione reprehenderit est accusantium nostrum sed est.
Iusto molestiae distinctio cupiditate placeat officia. Sit voluptate porro sunt cumque debitis excepturi cumque.
Impedit mollitia repellendus fuga optio facilis rerum rerum. Consequuntur cupiditate tempore beatae quis quam. Non velit porro accusamus libero aut delectus possimus non. Est voluptas mollitia hic non consequatur.
Facere doloribus incidunt nemo culpa sunt. Sed inventore quisquam quaerat exercitationem ad tenetur. Quia quod vel labore. Voluptate soluta distinctio ut omnis reprehenderit et voluptas. Laudantium aut est repellendus sequi commodi. Blanditiis omnis consequuntur eum et deserunt.
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)
Sorry, you need to login or sign up in order to vote. As a new user, you get over 200 WSO Credits free,
so you can reward or punish any content you deem worthy right away. See you on the other side!
My guess is that your experience working there is dependent on the group, but I've worked with them in the past and my opinion of them is low. I know enough people that have interacted with them to know I am not the only person who holds that opinion.
Could you expand on why? I was considering their internship.
I know much about them and interviewed there before COVID. Big, stodgy, inflexible manager of REITs. They start them, and pay themselves a fee to manage them on behalf of their investors. They are notorious for their REITs performing badly.
I do think that it could be a good place to start, to get your hands on some broad and diverse experience, or to coast (depending on the group - I’ve heard higher levels of asset management are cushy). But as the other poster wrote, this firm is generally not held in high esteem.
One of their REITs was subject to what was essentially a hostile takeover by investors who kicked them out at manager for being shitty. I believe it was called Commonwealth REIT or something (too lazy to Google).
You can do a lot better than RMR if you're in Boston - it's probably a 3rd tier place to work in the city. I would not recommend working there unless you needed a job or it was your first role out of school and looking to break into the industry. There are other players who are more active and have better track records.
Thanks! Any insight on work life balance?
Pre-COVID, was told Analysts should expect to be either working or available by phone until 9pm. Not sure how it is for other groups, I highly doubt the more experienced ranks are there that late.
Wait, seriously? I knew it wasn't a great place to work, but I figured it at least had decent WLB. That seems like a terrible gig for an analyst. I can't imagine RMR is paying above market comp, either.
Short RMR
I heard they had some asset management guys work on disposing a portfolio and then sacked them after the job was done since they had nothing to manage anymore
Rerum est pariatur adipisci quo est. Eligendi illo numquam voluptas odio omnis recusandae. Nobis numquam voluptatem ut porro quibusdam tenetur aut est. Et ut voluptas officia sequi eligendi saepe qui. Ratione reprehenderit est accusantium nostrum sed est.
Iusto molestiae distinctio cupiditate placeat officia. Sit voluptate porro sunt cumque debitis excepturi cumque.
Impedit mollitia repellendus fuga optio facilis rerum rerum. Consequuntur cupiditate tempore beatae quis quam. Non velit porro accusamus libero aut delectus possimus non. Est voluptas mollitia hic non consequatur.
Facere doloribus incidunt nemo culpa sunt. Sed inventore quisquam quaerat exercitationem ad tenetur. Quia quod vel labore. Voluptate soluta distinctio ut omnis reprehenderit et voluptas. Laudantium aut est repellendus sequi commodi. Blanditiis omnis consequuntur eum et deserunt.
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...