Starting in brokerage
I am a recent college grad and looking to go into investment sales. I have been interviewing around everywhere and wanted to hear your guys thoughts on Marcus & Millichap. As in is it a good place to start after college? I heard their commissions are very unfavorable. Any teams that I should look to join (NY Multifamily, NNN Retail properties, etc.)
I've been told to look at other brokerages with a better training program. You should check out HFF, CBRE, JLL, Cushman & Wakefield, and Newmark Knight Frank. Know what separates one over the other so when you interview with each, you know their emphasis. And look at the specific team you would be joining because that takes precedence over the brokerage firm. Being on the worst team at CBRE is arguably worse than being at a top team at MM. Arguably because some will disagree. Edit: I left Eastdil off because they're more of an advisory firm rather than brokerage. And starting out you'd be an analyst with a salary. Actually much like HFF. The others hire people as brokers out of college.
I understand why you left out Eastdil but they should really be on that list, and probably Colliers as well in some markets. Not really familiar with their NY office first hand but hear they have a good presence/personnel there.
M&M from my experience and that of friends who've worked there is that it's basically a boiler room 99.9% of the time. Very few exceptions to the rule there, but there are some good teams that will train you. Just takes a lot of time to find them/get them to hire you.
M&M can either be great place to work, or terrible, depending on the team.
Lot more consistency at the big shops.
How would M&M be viewed in regard to exit opps from a investment analyst standpoint?
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