What are your guys thoughts on trying to find some thing different based on my current metrics below? I am about to graduate from a T25 MBA program in December and would be open to moving.
Location: Midwest - HCOL Year: 2nd Year Front Office (Originations), 6 Years experience (Property & Asset Management before that) Function: Balance Sheet Lending - Midwestern Mutual Salary: $100k Bonus: 60% Base, can have upward or downward variance.
A few factors to consider:
The company I work is not in the best financial position. If a significant portfolio restructuring was to take place I am confident I would still have a place in any future investment organization. What concerns me is the consistent poor financial decisions that I am witnessing from outside of the investment department, as well as poor human resources decisions within the investment department. If I was to stick around, I would likely be able to move up quickly, but will this firm have assets for me to manage/be a place I want to be?
Am I actually making a solid market wage for what I am doing? I think I am well comp’d but I know I operate in somewhat of a niche here.
What should a typical MBA grad be making with 6 years of experience and a BS Real Estate? I’ve seen what career services shows and looked at out grads and they’re all coming from unrelated fields prior to they’re post MBA RE jobs (think graphic design) and are typically going REPE.
Any professional associations or networking groups I should be joining? Typically I’d look to my work for this but as a correspondent shop we are closed and not networking for business.
Based on the highest ranked content on WSO, here are some insights and considerations for your situation:
Current Position and Compensation
Factors to Consider
Company's Financial Health:
Market Wage:
Professional Associations and Networking:
Additional Considerations
By weighing these factors, you can make a more informed decision about your career path and potential moves.
Sources: MBA or Masters of Science in Real Estate??, MBA worth it in CRE?, Real Estate Career after MBA, https://www.wallstreetoasis.com/forum/real-estate/mba-programs-for-real-estate?customgpt=1, https://www.wallstreetoasis.com/forum/real-estate/my-8-month-real-estate-finance-internship-journey-some-general-thoughts-on-nyus?customgpt=1
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