I am struggling to make a LIFE CHANGING decision. I have two offers that are very different.
Offer 1 is with a brokerage: it took about 6 months and 8 meetings to get the offer, these guys moved slow through out the process. I developed 2 financial models, completed a personality and IQ test, wrote about 5 pages of materials, etc before they made me an offer 6 months later. I told the team I don't want to be an analyst but I am being hired as an analyst/broker but my responsibilities are building new disposition/development models for the team (and train the team on the model) and creating ~3 models weekly for BOVs/OMs with write up. Secondarily, I am responsible for 50 calls weekly on their listings (set up 4 actual meetings) and other ad-hoc. Base is $55K with opportunity to get to $100K+, I need to bring in a deal or two for the team to get to that range. My second year, I will lose the base and go to 100% production and I am not sure if it's possible to do all the analyst work and make the business development calls to get to $100K. I live in a core market like SF, DC, Boston with a high cost of living.
Offer 2 is a boutique REPE shop to do acquisitions, they are small with $100M in capital and they want me to join as an associate responsible for acquisitions. Process took about 3 weeks. I will be involved in the overall deal process from looking at the deal through the actual purchase with some support for asset management and potential dispositions. I can get to about $130K all up (still small for standard PE less risk).
Offers are different but my concerns are below. I come from a strong data analytical/real estate background but I made it clear at the beginning of the chat with the brokers I want to leave analyst (bitch work) type work to production work. I have a strong background in modeling and the role as described is to do exactly what I don't want to do especially for shit pay where brokers control your destiny. The team at the "brokerage shop" wants me to create all new templates, etc for their team for development and dispositions. I am also responsible for making 50 calls weekly and doing some other due diligence along with doing financials for 2-3 OMs/BOVs weekly.
PE shop in my opinion as little dry powder but I will have a good work/life balance. Process was smooth and direct.
What are your thoughts??? Need to make a decision in the next 24 hours. Counting on you WSO peeps.