I currently work as a Market Research Analyst for a large CRE company and am looking to transition into a Development or Acquisitions role. I have been working here for over 3 years and love what I do, but feel like I'm ready to take the next step in a year or so and work for a RE Development or Acquisitions firm, but want to do my due diligence and see which role is the right fit for me. As for my background, I have an MBA and a little over three years of experience in the real estate world doing market research, analytics, and consulting projects for clients (feasibility studies, due diligence, etc.) including big REITs and REPE firms.
I have spoken to many people, including clients, about this and most say it just depends on what you want to do. One developer told me that if I love to crunch numbers and act as a financial analyst, acquisitions is the right job for you. If you like a little more variety and enjoy crunching numbers as well as negotiating and being at the forefront of deals, then development is more ideal. I took this with a grain of salt, since he is a developer and has a bias. I would love to hear from both developers (analysts, associates, etc.) and acquisitions analysts or associates to get a good idea of what the day-to-day is for each job. Also, what skills would be necessary for each role? What are the pros and cons of each? Who would succeed and fail in each role? What is the career path for each? Keep in mind I would apply as an analyst or some type of entry level positon and want to focus on multifamily or office. Any insight would be great!