Best Track to REPE - Tech IB or Capital Markets

Hi all,

Although I am still young, I am thinking long-term and setting goals to break into REPE. I have talked to numerous people in IB and RE about the best way to set yourself up to break into REPE. I am an undergrad and am considering two internships, and was curious which one would yield a higher likelihood of setting myself up best to be a REPE candidate a few years down the road. Would you suggest interning as an analyst (and hopefully receiving a return offer) at a MM technology M&A investment bank, or Capital Markets (JLL, CBRE). I have received different pieces of advice and opinions and was curious what the people on WSO thought. Any insight you may have would be greatly appreciated. Thank you all for your time and thoughts. 

 
Most Helpful

It seemed to me that the REPE shops that hired out of UG appreciated candidates with some RE experience. I guess there is some value to “demonstrated interest” in the industry and an internship with a solid group will at least have you somewhat familiar with the technical side.

Obviously going into IB would offer more optionality down the line if you decided you didn’t want to work in real estate. I’ll also add that some firms will (almost) only hire candidates who have completed banking stints - but there are a ton of great shops where this isn’t a prerequisite.

Best of luck!

 

Animi sed ut earum. Assumenda omnis id impedit exercitationem minima sed. Odit dolorem velit non saepe debitis sunt aut.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
kanon's picture
kanon
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”