Which firm type would you go for for an AM role?
Currently working for a smaller shop, so looking to jump and in interview processes with two companies for an AM role, which I currently do, but looking to broaden the experience.
Option 1: Large investment RE-focused manager (think LIM/CBREIM)
Option 2: Big Bank AM arm (think GS/JPM, etc.)
Everything is pretty equal in terms of AUM, asset classes, and funds so really down to which type of company/brand name that will open more doors/will learn more at, I guess unless there's any other factors to consider I'm not thinking of.
Sadly “it depends.”
A name like GS on your resume will probably help you more if you want to go to grad school in two years or transfer to another brand name real estate firm.
BUT
It is worth remembering that you will never be anywhere close to “front office” working in AM at a non-real estate company. That’s just not how they primarily make money. At a real estate firm, sure acquisitions and development are sexier, but AM is no less important to the success of the firm, and often the bigger the firm is (and the more AUM) the more important AM is.
I personally like being considered important at work more than I like the name on my email extension, but it’s too hard to say “oh definitely pick X over Y” in the abstract because there are always exceptions and unknown variables.
To be clear, the role at the bank is also RE AM, not general.
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