Breaking into the real estate industry?

What's the best way to break into the real estate industry? I'm interested in the finance side of Capital Markets, but would also be interested in any kind of investment analyst position. I'm trying to network as much as possible.

I really don't love my forensic accounting position in Big4 and want to do something different prior to being pigeonholed into such a niche field. I work on more of the valuation side (disputes, claims) and will have my CPA.

 

You are casting quite a large net. Is your objective to do underwriting work on the debt side (CML, CMBS, etc)? Or you want to get involved in workouts and dispositions because you mentioned "valuations (disputes/claims)?" It sounds like you don't have a concise idea regarding where you want to go?

I work in REPE and I know people worked in RE advisory roles doing valuations at a Big Four before jumping to an institutional RE shop. Maybe that's something worth looking into? Ultimately, you will figure out exactly where you want to land on your own...

 

Yeah, part of my networking is really nailing down what specific opportunities are out there. I definitely think if I worked at a bank I'd be really interested in the underwriting, but want to gain valuation experience with ARGUS. On the brokerage side, there are "Capital Markets" roles that are either the finance side or investment sales side. I really would be interested in the finance side doing valuation and assisting brokers with their deals.

The problem with the RE valuation group is that they're going to want prior RE experience or at the very least, prior TAS-Valuation experience, whereas what I do is light valuation (which is why I want more technical experience). The TAS-Valuation group is a lot of valuation for intangible assets which I don't find that interesting.

 

Suscipit qui et laborum. Error dolores deleniti ut velit. Et aut quo et magni odio.

Explicabo totam sed ea ex. Ut temporibus id quos a dolorum voluptatem. Explicabo omnis occaecati autem nulla. Consequatur et eveniet dolores reiciendis expedita quo nihil voluptas.

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
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
DrApeman's picture
DrApeman
98.9
8
CompBanker's picture
CompBanker
98.9
9
kanon's picture
kanon
98.9
10
numi's picture
numi
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...”