SA Recruiting Nightmare...

December has rolled around and I don't have an offer yet... starting to panic. My resume is full of prior experience in CRE for my age in REPE, but I've lost 4 Superdays already. I nail technicals, feel comfortable with every employee, and still lose the role. I want to cope by blaming it on less deal flow = less need for summer interns doing busy work, but I came into this recruitment cycle with such a cringe gung-ho attitude (I was only applying to top 100 REPE + Eastdil, refusing to settle) and at this point I'm scared I'm going to end up internship-less for my junior year summer. To all my fellow recruits without SA offers, how are you guys feeling? 

EDIT: received an offer 1 week after posting this. thanks for all of the awesome advice, everyone!

Comments (17)

1mo 
LondonREPE0000, what's your opinion? Comment below:

What city are you in? What experience do you have? I got my SA last year from a top shop a few days before Xmas so don't freak out you can still remedy the situation. How many other opportunities do you have open? PM if you'd prefer to.

Most Helpful
1mo 
pudding, what's your opinion? Comment below:

Most firms in real estate, internships included, won't start looking until February / March. Keep applying and networking and doing your thing. You still have 7 months until June. It's a long time away. 
 

The big firms you referenced only look now because they can. And they have the staffing to do so. Most firms do not. Just keep your head down and keep moving. Job searches take a lot of time. I've been through so many super days I've lost count. Think of it this way - you only need to win once. But generally, you're going to lose more than you win in the job market as there more candidates than there are the seat for the job you are interviewing for. If you keep getting to the final round, it means you're doing the right thing. So just keep doing it. 

1mo 
rafiki, what's your opinion? Comment below:

The real estate club at my business school has a chart of offers by month because otherwise first years would be panicking. There are rarely offers in the fall, usually the spring is when things happen for internships.

Seconding this post because real estate is slower than banking or consulting, but interns are a lower commitment than full-time hires so hopefully this spring is productive!

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1mo 
redever, what's your opinion? Comment below:

Lots of people find internships in the spring for the summer, literally you can (and should) keep recruiting and being hyper active until June and then keep going. Clearly, best to not solely rely on posted jobs (even if via your campus portal), and network with alum in the firms you are targeting or applying to. You have no idea how much value an "internal" referral matters (def can get you an interview alone, but carry weight beyond that often). You didn't say if you were doing this or not, so be sure you are! 

Also, not sure if this is totally true, but I've sensed a lot of firms have been 'pausing' various recruiting items given market conditions, this may affect internship decision making as well (not sure to be clear, but its plausible that some firms are 'ghosting' as they don't want to send offers out only to be forced to rescind as layoffs or other things happen). In theory, they could totally pull the trigger in spring (both in making decisions on those interviewed and/or posting more summer roles). So, follow up persistently with all places you applied to. Maybe even reach back to those who said no (really can't hurt). I think this strategy is probably good every year, but may be especially wise this year. 

Final point, I get the "100 + ES" thing, but I'd say be wider and more open to where you apply. Those 101 firms (not sure if you meant that so literally or not), is a very very fickle and frankly an irrelevant list for determining worthwhile for internship or even FT. Just consider any 'institutional' or even 'locally respectable' firm fair game. Even work in places like appraisal shops may be very good under current market conditions. Bottom line, do something this summer, even if not 'ideal'!

1mo 
sdk18, what's your opinion? Comment below:

I have definitely been slacking on the networking and I've reached the majority of these superdays without an internal referral… I'll definitely re-evaluate my approach. Thanks!!

1mo 
lecpmoc, what's your opinion? Comment below:

I'm so sorry to hear that you haven't been able to land an offer yet. It's tough, especially when you feel like you have the qualifications and have been putting in the work. It's like trying to make your way through a desert with no oasis in sight. It feels like you are looking for a needle in a haystack, but the needle is tiny and the haystack is ever growing. I know how it feels to be in your shoes. It can be discouraging, especially when you have worked so hard and feel like you have been overlooked. It's like trying to watch a movie without the ending, you know what's going on but it's not quite complete.

It can be hard to stay motivated and keep a positive attitude in times like these, but it's important to keep reminding yourself that everyone has different paths to success. Just look at the Easter holiday, it's a celebration of the victory over death, so it's a reminder to stay hopeful and keep pushing forward. And if you take a closer look, you'll see that it's not just about the end result, but the journey too. It's not just about the internship, but it's also about the growth and learning experiences. You can still find success and fulfillment in your journey to SA, even without an internship.

1mo 
crerepe21, what's your opinion? Comment below:

As others have said above, we just started December and many places don't pull the trigger on interns until the spring anyways (in a good year without looming recessions and layoffs). This past year's class of interns at our shop weren't set until probably mid to late April (later than we normally do but you get the picture). Also, if you already have experience with internships you could always ask to come back for another summer and start your career there.. you are going to have 40+ years to make the jump to a top 100 REPE (or just make whatever place you land a top 100 REPE by performing well and fundraising but that's another conversation all together). Just breathe and relax, it's great that you have all this enthusiasm to do great, but it's so early that I wouldn't have the mindset of "my life and career is over if I don't get X internship this summer" if I were you. 

1mo 
sdk18, what's your opinion? Comment below:

I appreciate the reality check. Thanks for your input!!

1mo 
LuckyRed, what's your opinion? Comment below:

Yeah man recruitment for SA sucks but something that helped me a lot was being a part of this commercial real estate program called Project Destined that you can do for the Spring if you have 6-8 hours a week to spare. They partner with top companies, a lot of them in the PERE 100 like Brookfield, CBRE, BentallGreenOak, Tishman Speyer, etc. If you get accepted into this program, they send out a lot of internship/full-time opportunities you can apply to for Summer 2023. If you wanna know more just pm me.

  • 1
1mo 
sdk18, what's your opinion? Comment below:

Ahaha I'm already a student ambassador for Project Destined. Cedric is the GOAT

1m 
unicorn99, what's your opinion? Comment below:

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