Might be a repost, but I wanted to layout my specific situation and see what your guys thoughts are...
I've been in CRE for five years now post grad in a major west coast city and have spent the last three years working for a "tier 1b" development firm as an acquisitions associate (modeling, investment decks, capital raising, ic memos, sourcing, etc...). and this fall I am attending one of the big three MBA programs full time (H/S/W).
Post graduation, I want to work on the LP side of the business for a top 10 REPE firm without working in REIB beforehand. Is this possible? If so, what firms are the most aggressive with hiring MBA associates.
Any insights would be much appreciated. My goal is to work in opportunistic investments for a Blackstone/Brookfield/Starwood for five years or so, build relationships with various GPs, and then join one that I believe is the best fit.
I have absolutely no idea what a "tier 1b" development firm is or why your internal tiering of firms requires subclassifications, but yes, you can certainly go from Harvard Business School to Blackstone. Is that not the primary reason people go to top MBA programs to begin with—gaining access to top employers?
Not internal tiering requiring subclassifications! 😂
A better classification would have been an institutional developer but not a brand name like Hines Related Tishman etc...
From what I have read online, and this probably has more to do with people trying to break into real estate, that the path into PE requires banking even if coming from business school.
As someone who went through a somewhat similar process, you can do it. With that said, they don't have a structured hiring program via mba so you're at the mercy of a) there being a spot open when you want (internship/full time) and b) just being a better candidate than everyone else since they're not hiring just MBA's like consulting might
Can you PM me?
You probably could have made that move without the MBA, so yeah, you'll be able to make that move with a top MBA....
My wigga what in the ever-loving fuck is a "tier 1b" development firm? Explain yourself, please.
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