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What target school has real estate major?
Cornell. Penn.
Sorry, I can't compare random groupings of name brand companies.
This is WSO. I can only rank them.
Plz fix.
YMMV but I find that people tend to gravitate towards the firm that actually gives them a job offer
The real difference is that BX/Starwood types are true finance oriented REPE firms, more of a real 'high finance' shop. Not to say they don't understand real estate but they are not full operators, they invest in and with operators. They do fully manage assets, but they quite often have partners, especially for development.
Hines/Related/Tishman are true real estate firms, vertically integrated from development to property management and in some cases (like Hines) also have full capital markets/investment management businesses.
Reading between the lines, you are sort of asking whether you want to go into real estate development or real estate private equity. All of those firms are at the top of their game, but Blackstone probably isn't going to buy Hudson Yards from Related anytime soon. So I guess, you would have to consider questions like do you want to build something from the ground up (underwriting a development deal has tons of factors and you are going through several years of no income) or distressed/turnaround analysis (also with many factors but producing cash flow)? There are certain acq groups where there might be overlap, say if Blackstone/STWD wanted to do an opportunity zone fund, they might pair up with a developer in a JV fund. As others have mentioned, its also a divide between the high-finance part of real estate (portfolios/reits) and more of the granular real estate (developer could be underwriting a deal for years).
If these generate any questions in your mind - let me know and I can get more specific.
Knowing people who have worked at both Blackstone and Hines; there is a considerable difference early on in compensation between BX and Hines. Just to clarify, my knowledge is from individuals in the BX REPE acquisition team and from Hines' transaction team (acquisition/development).
Blackstone pays in line with REPE firms for analyst and associates and pay all in about 120k -350k. Whilst Hines pays for their development/acquisition whilst doing relatively similar work, 90k- 200k all in. The hours at BX are very long normal and only get worse during live deals. Hines work/life balance seems better - the people who I know work there have been there a while.
Later on, (Principal/Director level) it becomes very hard to compare compensation because its very deal/fund performance dependant. At BX, they start getting carry at this level, whilst at Hines Directors can co-invest on deals/funds