Best Places to Start in CRE
Seeing that there is a large thread on the worst places to start in CRE, I figured I'd open the discussion up for best places to start. Obviously this varies based on numerous factors and is in no way objective, but I'd love to get everyone's general take on this.
For me personally, I recently started as an Analyst in IS at top national brokerage (Eastdil, JLL) in a core market (LA, SF, NYC) and am receiving in-depth and structured technical training. Comp is slightly under street (at least 2017-2018 street comp) and placement into non-competing firms is encouraged and facilitated by my firm, so the pay/exits are likely among the best. Work-life balance not so much.I think for the purposes of training and deal exposure, there aren't many better places to be early in a career.
That said, I'd consider BB or Eastdil REIB to be a step above for comp and exit opps, with work-life balance more or less in line. Obviously a SW/Blackstone on the fund side or a Related/TCR on the Dev side are certainly up there as well. Curious to hear others' perspectives.
Following
Might get flack for this, but I think that a debt or capital markets job is one of the best places to start off in real estate mainly because it keeps the most doors open which is great especially if you're a fresh college grad and don't know what you want to do in real estate yet.
I agree, given the sheer amount of exposure an analyst can get to different stakeholders and strategies depending on the quality of team/deal flow. The connections an analyst could make with people around the industry alone can definitely make it one of the best spots to start
its been pretty hard for me to get these capital markets role right out of college 😩 but would love to start there lol
Definitely would agree some of the best roles to start are capital markets analyst positions at brokerages, specifically one with a top team in a top market. These roles are extremely competitive to get and there are other good roles to start but id say these would be the best route. What makes these roles so attractive is pay, brand name/credibility, client exposure and quality of deals along with deal flow. Any position that offers you all these qualities is top notch.
Agree with the above, started at a small debt/equity brokerage w good deal flow. Even though it wasn’t a brand name, was still able to land interviews/make it multiple rounds for many of the positions I applied to (development, acquisitions, asset mgmt, etc) after 2 years exp. Including at big name shops that WSO users would recognize. Ended up getting my dream job bc of it
Nesciunt optio minima eaque necessitatibus. Vero qui sed exercitationem consequatur quam voluptates. Excepturi vero exercitationem quos velit magnam cumque saepe ut. Omnis eveniet ad tempore et repellendus quam distinctio suscipit.
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...