When you guys were RE inv job searching: 1) what was your daily method of attack (career sites, etc.); 2) How did you organise the process?; 3) How did you organise your day?
I’m in the process of job hunting for an acquisitions or development role and would appreciate some ideas from guys who have "been there and done that”. The more practical the advice, the better.
As an aside: I’m boning up on acquisition and development modeling in preparation of any modeling exams.
Thank you!
The Questions:
1) What was your daily method of attack (career sites, etc.)?
2) How did you organise the process?
3) How did you organise your day?
4) What is an expected and reasonable response rate?
~-~-~-~
5) Bonus: If you had your search to do over again, what would you have done differently?
JoeCampbell, pure crickets, that's where I come in. Any of these useful?
More suggestions...
I hope those threads give you a bit more insight.
I went through this process after graduating in 2020. Here was my process.
1. Finding the jobs- I would typically use SelectLeaders and Linkedin. I was always sure to also apply on the company's internal job site. Something I wish I took a bit more advantage of was job groups on Linkedin, there are a number of linkedin job groups that share jobs for entry level real estate positions.
2. Once I applied for a job, I would search linkedin for members of the team that I was applying to. A little tricky, but after some practice, you usually can find the team members based on the office location and titles. I would reach out to a few of the team members and ask to chat. I recommend reaching out to people all along the totem pole, as analysts give good insight into culture, while VPs and Directors have much more pull within the firm.
3. Once I have spoken to a team member, I would usually send a follow up thanking the person for time and guidance. If all goes well, they are more than happy to pass a note along to HR and refer you for the position.
From there, the interviews are all up to you. I would say that, looking back, positions 0-2 years out of school are really focused on fit. I see a lot of posts with people stressing about uwing models and technical questions, and while competence is important, having someone you can tolerate spending 60 hours a week with is also important. Feel free to reach out with any questions.
Depends on where you are in your career and experience level. One thing that doesn't seem to get discussed enough with regards to jobs in acquisitions is your deal sheet. When you are Associate or higher, this pdf you submit to a recruiter or pass along in a job app does all the talking for you. If you are looking to move up the ladder to Director/VP it can be extremely difficult to get any traction in your job search if this document is scarce. I know guys who are VPs at shops that have deal sheets that look like blank pieces of paper. They are essentially un-hireable if things were to fizzle out in their current gigs. Speaking from a perspective in multifamily, you want to be at a shop that does 4-5 deals a year minimum.
If you are aiming for entry level to experience Analyst roles, then yes making sure you can articulate your excel skills and have a sample model is very helpful. Make sure to ask the shop about deal volume, closed transactions over the last year, and what they are forecasting going forward. If they think 1-2 deals, then pass. I find request for coffee meet ups have a very high take rate. Make sure to always show enthusiasm.
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