Acquisitions Analyst vs. Development Analyst vs. Capital Markets Analyst vs. Asset Management Analyst?
Title says it all. I am wondering if these titles have material differences in day-to-day or are they really just similar Analyst positions to match the firm you work for? If anyone has any real expierence in multiple positions thatd be great to get some insight into how your tasks differed.
Acquisitions - deals more with brokers, cap rates etc, equity investors Development - deals more with the actual development budgets, mechanics and finance Capital Markets - More investors and financing Asset Management - More budgets, portfolio, refinances, capex work.
I would blindly say the development/capital markets is more helpful to get a holistic view of real estate, but depends on the company and the exact role.
Acquisitions analyst - Pulling numbers out of your ass to get your model to a mid-teens IRR so your firm can buy the deal. Development analyst - Pulling numbers out of your ass to get your model to a low-20s IRR so your firm can build the deal. Cap markets analyst - Taking numbers pulled out of someone elses ass and showing them to a bank so they'll lend 65-75% LTV on your deal. Asset management analyst - Waiting for something to happen so you can tell your boss about it and they can tell you what to do. at least you keep your hands out of your ass.
More like asset management trying to figure out where the numbers came from, why they smell like shit, and why they can't get close to the required IRR.
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Asset Management description killed me.
Acquisitions and AM are very different jobs. I've only seen capital markets specific roles at huge firms, which seem to be very silo-ed jobs that receive baked deals from other teams and deal with the debt/equity raise.
Don’t forget portfolio management (does anybody know what these people do?)
Fund analytics, High level capital allocations, investor relations, painting picture essentially to management and investors
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