What’s next after analyst at institutional shop?
Curious to hear your guys thoughts on where most people go after being an analyst in an institutional shop. I did appraisal for a year, then switched to be a generalist for an institutional shop where I’ve grinded my teeth for the past year. The pay is good (6 figs as a 2nd yr analyst), but the hours are brutal, especially fourth quarter.
Part of me wants to take the next leap and go for an acquisitions role at one of those more prestigious shops (think KKR, Carlyle, Starwood). However, I’m not sure if I could handle working 80 hour weeks anymore.
The other part of me wants to move to a smaller shop where I can get broader exposure. However I’m worried that I might take a step backwards in comp.
Have any of you guys come to a point similar to this?
People who started off in institutional shops and moved to smaller shops - how did the comp change?
Went from an institutional shop to a GP with institutional capital partners. Greater responsibility, impact, and exposure. Comp is higher, relative. Institutional GPs offer the best of both worlds.
What are names / examples of these types of shops? I’m familiar with a few but not many.
These are pretty much all developers or owner/operators - I would say at the lower levels these players pay less than REPE but comp escalates quickly once you reach Director/VP or above. Examples of large developers with institutional capital partners:
Tishman Speyer
Related Cos
Hines
Greystar
Alliance Residential
Trammel Crow Company (TCC)
Trammel Crow Residential (TCR)
Wood Partners
Prologis
Mill Creek Residential
Tons of smaller/regional players that will also probably pay more than the brand names.
How did the work life balance change? Did you grind king hours in your old position, and has it come down?
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