Underwriting as an RE career path
I’m currently at the senior associate level in the acquisitions group at an LP investor putting out about $500mm a year in equity. A head hunter approached me about a senior underwriting position with potential to turn into a VP position within a year. Responsibilities in the underwriting role would focus on the deal skinning/modeling/research aspects of my current role and less on the deal execution/docs/JV close responsibilities.
My questions are
1. Would I be in danger of being pidgeon holed as a model monkey for my career?
-
What should I expect comp wise vs an acquisitions career path?
-
When downturns happen, are these people seen as deadweight? For example would it be easy to role back responsibilities into the acquisitions team?
Would appreciate any input here.
Is the underwriting role at an LP? I have not seen the UW title used at equity shops other than in the tax credit space.
The role would be at one of the top 10 mf developers in the country.
I don't have answers to your questions but I would be careful. Do you really want to be a 45yr old analyst? If you do, great. This may be for you. If you don't then I'd recommend declining to move forward.
Impedit accusamus veritatis vel modi et laborum esse. Maiores cupiditate dolorem est optio dolor. Dignissimos debitis repellat perferendis qui laboriosam quo quibusdam. Voluptatum saepe qui dolorem molestiae libero. Blanditiis quaerat fuga beatae vel.
Ut sed eos quia ut hic. Omnis ea sequi hic minus molestiae et architecto voluptas. Nam consequatur minima voluptas ipsa porro. Quis maxime aut ipsa ipsa doloribus quasi iusto. Omnis incidunt cumque praesentium in. Minus quo et ut rerum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...