What are the specific advantages/career exits for real estate vs typical IB?
Reading the above, I have always wanted to get into owning property and I was curious what are the advantages of real estate banking vs IB. What are the goal careers?
There are none. IB will open 10x more opportunities in REPE/Dev/Any corporate CRE job than working at an entry level CRE brokerage/lending/analyst position will. Even if your end goal is being a principal, the only reason you should take a CRE job instead of a IB job out of school is if it's at your dad's company, even than may be better to just do your 2 years in IB first.
Disagree with this heavily. I work I institutional brokerage and I get REPE recruiters in my DMs every day. Having a CBRE, JLL, or Eastdil on your resume can open up plenty of doors in the CRE world. If anything, you’d be better suited for that next role coming from a brokerage from a top city.
Go look at how many bx/kkr/sw associates came from jll vs goldman and come back and delete your cope.
Working at JLL/CBRE or IB has nothing to do with owning property. If you want to own property, my advice would be to maximize income and savings. Unless your goal is to start your own REPE shop, then sure I guess there is a path where you start in IB, lateral to REPE, and work your way up the corporate ladder than break off, but this is what every other person who works in REPE is trying to do.
Great advice to maximize income i.e... work in IB...
Note how I never disputed that advice...
Hilarious that OP said they want to own properties but his suggested routes are two different banking jobs and the top ranked comment is to go work for a bank.
Find someone who loves you as much as the 18 year olds on WSO love W2s
Weird how I already have a job a banking and was asking if a real estate focused career would be better in banking. Almost like that was the entire point of my question
What would be your take on this question?
There is almost zero advantage to either real estate banking versus investment banking if your goal is to one day own properties. Maybe a slight bit of experience and network advantage in real estate lending and a bit more financial advantage in investment banking. But essentially, there is no answer if your stated objective is to use either to one day "own property." The goal career in that case is "neither."
Unlike the first response, there are insight, network, and experience advantages to actual front office real estate jobs on the ownership side, such as Acquistions or Development, but that's not what's being asked. OP specified banking of one sort or another. So...OP should make as much money as they can however they can and then run off to buy a NNN Arby's.
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