What's an Undergrad to Do?
With all the talk of a weak job market and low deal flow for acquisitions, I'm curious to see what experienced professionals think is wise for current undergraduate students like myself to do. I see that some people are getting out of RE altogether and others can't find any deals that make financial sense.
For context, I go to a traditional semi-target/target undergraduate school with a solid RE program. I'm not anything incredible relative to my peers, but I'm going into my sophomore year (2029 grad date) with a 3.8+ and I've done an internship focusing on short-term rentals. Beyond that, I have some case competitions and the A.CRE accelerator completed. In an ideal world, I'd love to work at a REPE firm with between 1-5bn in AUM in a more generalist role, but I know how difficult it is to land anything nowadays. I'm currently focused on applying to as many internships as possible in anything related to RE.
With that being said, what do you think the dealflow and job market will look like when I graduate? The insane bull run of the last 15 years is unlikely to happen again, but will we even get to a point within the next few years where new junior professionals are needed again since there are so many mid-career professionals struggling?
All input is greatly appreciated!