Analyst shortage?

Mid level folks, are you having a hard time finding analysts? Have a number of friends in the mid ranks at other firms trying to find analysts, and these are good name firms, and they can't find decent talent for the life of them. What's going on with real estate analysts/associates market?

Comments (40)

Most Helpful
Dec 15, 2021 - 11:07pm

Speaking as an analyst myself who has gotten numerous offers from other firms, it comes down to desire and compensation. I think a lot of analysts were just in a particular job or at a particular company because it's what they had available and they seemed grateful. However, since the inception of the "rebellion" by the IB analysts over at Goldman, I believe analysts are more aware of how valuable they are, how much firms need their services, and how much profit their groups actually generate vs what gets distributed to analysts. So in essence, analysts are who actually good at what they do are being compensated well and being treated better at their firms. All that is left is average to subpar talent, who wouldn't even make it to a second round interview. Also gotta remember real estate is still an arcane industry to most. Not many know the lucrative career paths that exist here. Just my two cents. 

Dec 16, 2021 - 2:00am

Agree with all that you just mentioned.

Another aspect that I think is important to consider - Many of the recent college grads and current senior undergrads had their summer internships canceled/deferred/remote over the past two years due to COVID.

Lack of internship experience likely makes many of them seem "under qualified" or "too green" in the interview process relative to what hiring managers were used too before COVID.

  • Director in RE - Comm
Dec 16, 2021 - 9:18am

We interviewed 5 candidates (phone interview + 1 in-person was our strategy due to talent shortage), and the first 4 accepted other offers. There's a lot of competition currently (from my perspective) for quality analysts & 1st year associate candidates. 

  • Analyst 2 in RE - Comm
Dec 16, 2021 - 9:19am

Actually it's because there's a record level of capital being deployed and they need more analysts to help sort thru the deals. The amount of ppl they had before just isn't enough

Dec 16, 2021 - 12:29pm

Can confirm the market is very hot right now. I technically am sitting at 1 YOE but was still having headhunters reach out for development analyst/coordinator roles.

Development seems to be in a lag due to the general sparse hiring nature of the field making it so that most firms weren't equipped to deal with the volume of new deals that came to the table and can actually pencil now.

You're not really a born and bred, traditional aristocrat if you work hard enough to get into Harvard.- Prospie

  • Associate 2 in PE - Other
Dec 16, 2021 - 6:22pm

Glad to see this happening and hoping it'll increase compensation across the board. It makes me furious when people accept offers at solid real estate shops that for some reason think they can get away with paying lower than even back office guys at banks get. Pay for talent, otherwise have fun going through shitty and often inaccurate models and memos.

  • Analyst 1 in IB-M&A
Dec 17, 2021 - 11:37am

What roles are you referring to: investment sales/brokerage/acquisitions/asset management, etc.? I was under the impression that the more sought out RE roles (acq/dev) are still relatively competitive. 

  • Analyst 1 in RE - Comm
Dec 17, 2021 - 7:05pm

Starwood engaged 3 different headhunting firms to fill an SF position.. they made phone calls to my entire group of analyst buddies. No one wants to move. I guess our current employers have been taking care of everyone properly.

  • Analyst 2 in RE - Comm
Dec 21, 2021 - 10:19pm

That's hilarious. My buddy and I were also engaged by a couple headhunting firms for Starwood but we knew that we had a solid gig because of decent hours, good culture and decent pay. Both my buddy and I chose not to interview because we knew a few kids who joined after undergrad and hated the work-life balance. 

  • Intern in RE - Comm
Dec 17, 2021 - 9:09pm

Can say from the perspective of a graduating senior, many are just not putting in effort to get the experience needed, especially given the past 18 months. I'm all for you only live once, but you can't use that as an excuse not to work hard. I've worked my ass off and have gotten my own positions running acquisitions and asset management functions prior to turning 22. Most my age don't know how to take on real responsibilities.

That said, part of the problem is hiring firms actually getting to the talent they need, like my self. I'd love to discuss how firms can connect better to junior talent. Also, am given my own experiences thus far would love to discuss positions.... shoot your PMs.

Dec 19, 2021 - 11:56am

Intern in RE - Comm

Can say from the perspective of a graduating senior, many are just not putting in effort to get the experience needed, especially given the past 18 months. I'm all for you only live once, but you can't use that as an excuse not to work hard. I've worked my ass off and have gotten my own positions running acquisitions and asset management functions prior to turning 22. Most my age don't know how to take on real responsibilities.

That said, part of the problem is hiring firms actually getting to the talent they need, like my self. I'd love to discuss how firms can connect better to junior talent. Also, am given my own experiences thus far would love to discuss positions.... shoot your PMs.

Good troll post. You got a few people

  • VP in RE - Comm
Jan 13, 2022 - 10:49am

You dont run shit at 22. Go back to your mouse and monitor boy. *whiplash*

Dec 18, 2021 - 12:06am

Honestly, it is mainly due to compensation as most real estate firms underpay other career paths. Also, not a good sign when there was recent massive turnover - like why bother?

Robert Clayton Dean: What is happening?
Brill: I blew up the building.
Robert Clayton Dean: Why?
Brill: Because you made a phone call.

Dec 18, 2021 - 2:20am

it's cause everybody is trying to find employees through friends which is a very limited pipeline. place an opening on your site if you're a big firm or LinkedIn and schools' jobs portals and you'll get hundreds/thousands of applicants.

Dec 18, 2021 - 10:29am

How would you recommend taking advantage of this shortage as someone looking to break in? 

Currently a master's student at a semi-target and am struggling to get looks for analyst jobs despite having 2 years of relevant experience on both the sell-side and buy-side. In addition to my relevant experience, I've networked my *** off talking with more than 100 people in the industry over the last 12 months, which while incredibly insightful hasn't yielded much success in terms of interviews landed or offers despite getting recommendations/referrals from everyone I asked. The only places that I've got looks this year to this point have been at 2 MF's (think BX/KKR/TPG/Apollo) where I got dinged in the 2nd and 3rd rounds. I've always found it strange that MF's gave me legitimate looks, however, nobody else has to this point. 

From my perspective on the outside looking in, the analyst shortage keeps getting talked about but most of the people in my network that have made moves are the ones that already have analyst jobs or were in the right place at the right time within the company (know several regional BO employees who are now at GS/MS IB in top groups who previously had no relevant experience). 

  • Associate 3 in IB - Gen
Dec 18, 2021 - 10:52am

We hired an analyst who didn't have relevant experience and it has not turned out that well, so we've decided to never do that again. Some of these kids are too Gen Z 

  • Analyst 1 in RE - Comm
Dec 21, 2021 - 11:35am

Would you rather hire an analyst with no prior experience (but will stay long term) or an experienced one who is temporary?

Jan 13, 2022 - 11:13am

My company is desperately trying to hire, but senior leaders who have equity in the company are insistent that they want people under them who will bow down in submission and "play slave". We just had a record banner year, but simultaneously we are offering reduced compensation that is lower than we offered pre-covid/pre-inflation job market for these roles. People are saying things like "working for me is an exclusive privilege, analysts should pay me for the opportunity to work for me" and other insane stuff like that.

Predictably we haven't found anyone to exploit, and as a result some of these guys are getting outright nasty. "bring me someone from your social network or else", etc 

Jan 17, 2022 - 7:35pm

Tenetur possimus et quis ad. Repellat et voluptatum ea perspiciatis. Nobis sequi esse fugiat magni sapiente. Quia possimus non inventore quibusdam quam repellendus corrupti.

Dolores accusamus quis earum iure aut. Ut qui et dolores quaerat minus. In iusto praesentium necessitatibus aut vel. Nihil natus soluta dolorem est est velit. Et eaque voluptate dolore quia illum.

Nihil ab quos minima. Ut animi nihil voluptatum veniam corporis aut. Aliquid commodi ea officia vero reprehenderit. Ea distinctio dolor eius doloremque qui et sed.

Start Discussion

Total Avg Compensation

January 2022 Investment Banking

  • Director/MD (5) $604
  • Vice President (20) $379
  • Associates (143) $238
  • 2nd Year Analyst (84) $153
  • 3rd+ Year Analyst (15) $150
  • 1st Year Analyst (295) $142
  • Intern/Summer Associate (63) $143
  • Intern/Summer Analyst (225) $90