Where are the jobs?
I understand the market we’re currently in. but since I only started recruiting 7 months ago, this is all i’ve seen. how much different is the present job market (for Asset management and acquisitions) than normal market conditions?
I seriously can’t find any jobs to apply for in AM or Acq. they seem so rare. I graduate in may and this would be my first job out of undergrad and i can’t even get an interview. the ones i do get are across the country and ik my resume wouldve gotten the role easy in other conditions.
where else besides linked in can i search for these jobs??
🙏🏼❤️
I feel like I have only seen tons of asset management analyst positions and a few portfolio analyst positions, definitely slim pickings in acq analyst roles. Might depend on location too, I’ve been seeing a lot of these roles in SoCal or SF pop up in my feed. Check out select leaders, your school’s job board, and handshake. Good luck on the search!
Stop applying on LinkedIn and start using your network. There are two job markets - the one you see and the one you don’t. The one you see is on LinkedIn, select leaders, etc. The one you don’t see is found via using your current networking and expanding it. Message people you don’t know to chat about their company and learn from them. Hopefully they open a door to an interview or know someone interviewing.
Also, FYI since it sounds like you’re graduating from college in May. Most real estate job opportunities will begin popping up in April/may/June. Real estate is filled with small companies. Small companies hire only when needed. They don’t recruit 2 years early like banks. With that said, still network. This is how you are going to find a job. Period.
The market is not great right now. While you can find a job via LinkedIn, it’s less likely. In the last two weeks alone I’ve had three friends reach out letting me know they were laid off due to “restructuring.” Firms are battening down the hatches for a slowdown - especially those with office exposure. Network network network. It’s how you’ll open the door.
To add color to the above as a proof of concept - the last time I job searched - first 6 months of 2021 - I had 26 interviews. Of those 26, 19 came from my networking efforts. 73%. If I applied to a job - I then used my network to figure out how to find someone I know or someone that knows someone in the company to introduce me. It’s the only way to consistently open doors.
Not OP, but how do you suggest one should network once you’re in the workforce. When I was in college, cold emailing / reaching out to alumni worked well. Now that I’m full time and am looking to lateral, rarely (if it all) do people respond to my cold email outreach’s, even if they are alumni. I do have friends in real estate that I graduated with but we are of the same age. Beyond that, I don’t have much of a network besides the places I interned at. Any suggestions on how to network AFTER college and once you’re in the industry? Seems like people are much less receptive to help out a random that already is in the industry.
Totally understand that. I use my current network and try to connect the dots. So let’s say I want to work at JP Morgan. I see who I know there. If I don’t know anyone, I find a friend that knows someone there. I then ask for an intro.
Would echo this, great advice. Network network network. Also, hit the low hanging fruit in addition, easy apply button whenever you see a LinkedIn post that offers it, you never know when you'll get a first round.
does this advice also work for UK/EU? Because here it seems that everything is done through job portals.
Yeah this hits home for me. I spent a lot of time trying developing relationships with people/seek mentorship type deal and most turned out to not be helpful at all up to this point which is weird. Not looking at real estate but it makes it discouraging obviously and is a bit demotivating for the last 5 days. Just saying they don't know any opportunities and the only ones are LinkedIn/job portal. I believe I need to continue LinkedIn/indeed jobs and just try to build a new network over time.
I get interviews but not enough so its stressful for me rn.
I’ve seen a ton of roles popping up on the debt side. Maybe focus your efforts on that side of the business
Mainly hedge funds and smaller PE shops that have extremely flexible mandates but focused on high yield and distressed debt
i actually think a lot of people are still just waiting for their bonus payout before they leave. i've seen more job postings in the last 1-2 weeks than i did in the period of late Dec to mid Feb, so my guess is you'll start seeing job postings pop up as people get promoted/leave to other roles and companies
its tuff out there, last month i was more optimistic but rn its very few opportunities. Just have to keep pushing and stay calm. I recommend meditation for you just in a chair not chris cross apple sauce. I am not looking at AM just IB related stuff.
What market are you in or looking to go into?
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