I have no problems getting interviews, competition must be fierce because I make it into finals rounds/case studies/modeling tests and I have missed out on 2-3 jobs I really wanted. For every position I have interviewed they always say wow, you did so well to get here we literally got 100-200 applicants.

From experience I believe most companies require Argus and some end up telling me they have excel templates(which would be no problem anyway). So there you go young guys or anyone looking to break in.

 

My experience echoes C.R.E. Shervin's in that I'm getting tons of traction but can't seem to lock anything down. It might be too early for the firms, even though it's crunch time for us, so we'll see.

Everyone else - don't get too caught up in analyst vs. associate. It means a whole lot less in real estate, and while some companies follow the analyst -> associate model like in banking, in others an analyst at one firm is the same as an associate at another.

Commercial Real Estate Developer
 
maineiac42:

Every firm I have ever interviewed with seemed to have a very informal recruiting process. Are you in an MBA program or MSRE?

MSRE. I will say a lot of the big REPE firms have a more formalized recruitment process, but the development firms I'm targeting are anything but formal in recruitment.

Commercial Real Estate Developer
 

Going off this topic, since RE is such a relationship based business, what's the stance you all take when going to interviews while taking time off work to do so?

I know of people who have spoken with their firm mentioning they are looking to transition and are open about leaving which could go 50/50 depending on your relationship with your boss, and others who usually say the dentist/doctor apt routine and don't mention anything until they have an offer on hand.

 

I'm not really in the market to switch jobs, but I often (twice a month or so) look at the Linkedin, Indeed, SelectLeaders, et al postings in the D.C. area (it's a really good way to gauge the market) and there just isn't much, especially in the more senior levels. Really shows that this industry--really, real estate and finance in general--is a pyramid industry where there are lots of junior-level positions but very few senior-level positions. In other words, you'd better damn well be prepared to be an entrepreneur if you enter this business because the high paid salary jobs are few and far between.

Array
 

This may be completely morbid (actually it is) but this is a problem through every industry(banking, medical, real estate) because baby boomers just won't die -_-

  • they plan to work until they are 90 and die at 130. lmao
 

It is mind blowing to see the competitiveness this industry has especially in NYC. I see maybe ~5 Analysts jobs per day meaning total for whether it's Acquisitions, AM, Credit, etc. Really not much at all. Take those 5 or so jobs and now think of all the candidates ranging from people coming out of UG, MSREs, people from brokerage, lending, MBA, random experiences, etc. fighting for it.

It really is network or die out there.

 

Effing christ.. lol

LinkedIn tells you amount of apps submitted for jobs if you apply straight from there. I remember seeing a couple Acquisitions Analysts jobs in the 3,500 apps range.

 

Just got my first offer today, analyst role at a REIT. MSRE student with one internship under my belt, graduating this May.

"There are only two opinions in this world: Mine and the wrong one." -Jeremy Clarkson
 

I literally fkin blanked. Plus, there was a tab for basic office assumptions and building a 10 year projection and I forgot to include the base rent bump lol. I have never built any excel office model before aside from basic use of Argus in a class.

I shouldn't even had taken a test. This was as entry level as you can get for not even an investor or developer. They are like consultants. Nothing on this test can't be learned in a day on the job and now I won't get a call back most likely because of this. I wasn't that interested anyways but it sucks.