At a crossroads....
I am a 25 year old recent grad (less than a year) from a non-target school in Texas. My degree is in Finance with mediocre GPA (3.2 to be exact) because i had to work full-time to pay for school and bills. I am currently working in the Finance industry as an adviser for a subsidiary of a big company (too big to fail). I am ok with the position for now but cannot see myself doing this for too long (no more than 2 years).
I am really thinking of getting an MBA (part-time) while i continue to work. My options down here are Rice and UT (Houston). I have always really enjoyed the thought of getting into Real Estate Development. Here in Houston, a big developer is Hines. Trammell Crow also has a regional office here with headquarters up in Dallas. I have noticed that a lot of the "good" positions with these companies prefer MBAs. Can anybody give me some insight into these companies, the positions, competition, advancement ops, comp, etc. ?
The other thing i have been recently thinking of looking into is Asset Management. I know for this field, a CFA would probably be of more help but is this a pretty hard area of Finance to get into? How does it stack up vs. IB, PE and HF ? If i were to take this route, PM would be the ultimate goal. What do you guys think about this option ? What are the general requirements, competition, advancement ops, comp, etc.?
I would like to mention that the parent company of my employer has an asset management division. I think that would facilitate the internal movement and give me somewhat of a boost. I think but not sure it would help or if it means anything at all. So what do you guys think ? Any other suggestions on what possible routes to take or what other options i still have (i.e., full-time MBA, IB, etc.)?
I'm also interested in the above comments. I am heading to Rice this fall and originally thought about pursuing Real Estate Finance / Development with said firms but am now looking more into Energy Finance due to Rice's ties to energy and the Houston players. Real Estate Development is a unique industry that doesn't rely on freshly minted MBAs in my opinion.
swgator, I am also considering Rice's MBA. How was the entrance procedure ? How did you do on the GMAT ? Are you doing the full-time program or the professional program ?
PMed you
Could you be a bit more specific about the advisory role you are currently in?
If you want to spend your life in Houston, Rice is a great school with a very powerful alumni presence. I have a couple friends in the program now and they highly recoommend it. One had a 3.3 GPA, 720 GMAT, has shitty work experience (2.5 years), and attended a reputuable private school (but studied something worthless).
This guy got hired at a top tier managament consulting firm (think McKinsey) and the other is gearing his sites more towards energy, which is what I would probabaly do considering that Houston is booming primarliy b/c of oil. I'm only a couple years out of undergrad, love what I do, and make good money... but the guys in the oil business in Texas are making Wall Street money working average hours. I think about changing industies way to often, but then again I'm not in real estate for a booming salary, I'm in it for equity stakes.
Assuming you want to work in CRE I would defiinately try and get on with Hines or TC, both happen to be in the Williams Tower that Invesco just bought. I heard that Hines is starting to hire analysts for South American development, not sure if that interests you..but you should go knock on their door and find out, assuming it does.
Consectetur placeat ut impedit perferendis earum quaerat illo aliquam. Et placeat sed totam quasi officiis consequatur et. Et est voluptas omnis aut. Aspernatur aspernatur aspernatur consequatur doloribus ullam voluptas.
Perferendis ab molestias maiores. Molestias libero excepturi voluptatem officia sunt veritatis quas et. Est voluptatum et repudiandae dolor qui consequuntur. Tenetur quaerat consequatur quos distinctio et totam aut. Repudiandae id veniam et necessitatibus. Voluptates facere aliquid ea architecto.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...