Underwriting -> Appraisal -> Exit opps?
I am usually not concerned with exit opps but curious to what kind of roles I could exit to in a few years with my experience, if I find that appraisal is not for me. I have 2 years agency MF UW experience, and will be coming on as an Associate for an appraisal firm doing MF appraisals. The intent is to stay in appraisal, but if I find in the next few years that appraisal is not for me long-term, what kind of positions could I exit to? Would REPE or Development be a consideration?
Short answer... yes. I know several people who went from valuations to various buyside roles including equity funds, debt platforms, and development companies. This isn't that uncommon, but like all things... its how hard you want to focus on doing it and thus work at it.
Thanks! I'm guessing I could easily go back to banking if I wanted to? On paper, who do you think has the better skillset and most marketable in the job market - 4+ years xp Agency UW'ing (all MF), or 2 years xp Agency UW'ing (all MF) and 2+ years appraisal (all Class A & B MF)?
You know, 4+ in UW vs. 2+2+ in UW/Appraisal, is not something you can just make easy call with. I'd think appraisal has more applicability and potential to meet/engage clients (i.e. who you want to work for), but that "+" may need to go much more than 2 years to get full benefit (one well known downside of appraisal is the time it takes to be allowed to really do work independently and get fully licensed, 2 years is just a minimum in that field, I think you max value beyond 5 years tbh).
I would just go where you feel most interested and will be productive. If you want to do appraisal, find in interesting, and committed to doing it well... and you want out of UW... then take it. If you see it as just "step", then maybe much better to just focus on direct jumps (not impossible for sure). Trying to manage a resume to some set of "most marketable" experiences is really impossible, just do best work and learn the most, wherever that is!
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