Seeking REPE roles - stay in current role vs move to REIB boutique
Hi all,
I’m a second year real estate investment banking analyst at one of the large well known US banks, working in London looking to move into REPE.
Unfortunately most my banking experience has been ECM (IPOs and Fundraises) with one M&A deal (by nature my current team is mainly ECM). I’ve received a few REPE interviews but most have led to them saying I don’t have enough RE M&A / modelling experience.
I’m currently interviewing and have been invited to the second round with a very small boutique real estate investment bank focused on RE M&A advisory mainly in the hotel sector.
If my long term goal is REPE, do you advise sticking with the current role with a large respectable / well known investment bank and keep trying for REPE roles? Or move to a small unknown boutique focused on RE M&A (mainly Hotels).
I’m worried going from a respectable brand investment bank to an unknown boutique might reduce all my exit ops but at the same time the boutique would give me a more relevant skill set.
Thanks!
REIB M&A exp sets you up well. I don't think you'd exit to KKR,Apollo, BX, etc. but you'd be working with good experience.
To answer your question, it depends on deal flow. Always remember, you are what your deal exp says you are. Accumulating RE deal tombstones puts you in the best position to get to where you want to go
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