BX RE AM Return Offer Rate
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| +51 | Leave brokerage to be GP | 12 | 4h | |
| +45 | New Comp Database - Google Form (Now with Data Validation) | 24 | 1h | |
| +24 | Seeking Career Guidance in Real Estate Development Post-Graduation | 3 | 1d | |
| +23 | Going out on your own | 4 | 6h | |
| +22 | REPE/Development GPA | 15 | 2d | |
| +21 | Real Estate = complicated + underpaid | 15 | 5h | |
| +17 | MSRE/MSRED with no RE experience; Naive to think I’ll land a job afterwards? | 4 | 4d | |
| +17 | Fisher Brothers | 6 | 3h | |
| +16 | UC Berkeley MRED vs Columbia MSRED? | 2 | 6d | |
| +15 | Spreads over SOFR/UST | 0 | 5h |
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I don't think anyone will have any concrete evidence. You could try to do a quick linkedin search and see. Either way, the experience would be great and would open doors.
Bump
Former associate in the group. They generally take 4-5 SAs with the expectation to give them all offers. However, it's based completely on performance....one summer they only took 1/5. Here are reasons summers weren't hired when I was there: couldn't work the hours (~80-90/week for a SA), immature (one guy air dropped an inappropriate pic to the entire floor), inability to pick up concepts, and overly shy/awkward.
If you work hard, act normal and generally follow best practices you will get a return offer (applies to all groups at BX). Hope this helps.
Are those hours (80-90) normal at other large places for analysts (KKR, Ares, Oaktree, Brookfield, etc) or is that more of a BX thing? Obviously I’d assume it’s more than 40-50 hrs but 80-90 seems high for RE.
Thank you so much! Did you leave for another career opportunity?
80-90 Hours for RE asset management? Seems pretty insane honestly
BX hours are more in line with IB than traditional RE shops. Keep in mind that as a summer analyst, you tend to work more hours because you don't know much, so every task takes you 3x longer than an analyst to complete. That said, analysts also work brutal hours on the AM team. Keep in mind that you're not asset managing single asset deals or 10-property portfolios...you're asset managing REIT take-privates and huge platform deals which can have 100s of properties. It's not an easy job, but you learn a ton and truly work with the best in the business.
Can't speak for the AM groups at other megafunds, but I imagine they grind too.
I'm interviewing for SA in AM and was wondering what level of technical knowledge they expect.
if at all generalizable, what are the hours for senior associate and principal?
Does this apply to the PE group from what you were able to pick up on? Thanks
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Dudes RE at BX is one of the sweatiest places around lol. 80 hours is standard…there’s a reason they are the top shop in RE.
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