I'm in a bit of transition and was hoping some of the members here could offer some advice.
I have an MBA from what I believe would be classified as an upper second tier university. I grew up around real estate (warehouses) and have been working approximately 3.5 years in CRE brokerage with a national firm selling smaller multifamily deals. I have sold approximately 25 deals for a total of approximately $25M in that time (around 250 units total). but I'm not in love with the brokerage side of things.
Partially because I feel there are better roles that match my personality better (I'm a natural introvert and prefer to stay away from conflict rather than be mediating it), and partially because I'm not ready to call my current city home for the next 30+ years (multifamily brokerage tends to root you to one city), I am evaluating different paths to take from here. I could see myself potentially returning to brokerage eventually once I am in a city I know I want to be in long-term, but that is irrelevant for this discussion, other than the fact that I know I can make big money in this field and cannot ignore that when evaluating alternative career paths. I know it's probably on the low end of the WSO-perspective, but to me big money is north of $150k/year in a metro that doesn't feature San Francisco, Manhattan-esque cost of living.
I am 31, no kids, not married, have some money saved up, and have good support from the family if needed, so I do have a bit of rope to play with and do not need to come out the gate looking to make six figures. That said, if there isn't a path to six figures within three to five years, it's probably not something I can seriously consider now that I have had some success in brokerage and have seen how much good brokers can make in this business.
I am most interested in getting into the investment/development side of things, since that was always the endgame I had targeted (owning my own real estate, forming a private company/group that owns real estate, or working in a company that owns real estate and allows employees to take an equity stake in deals).
I see numerous Analyst job postings (financial analyst, real estate analyst, acquisitions analyst, etc.) that I feel I could get callbacks on, but it seems like most of these positions start pretty low from a pay perspective. What does the progression look like for someone that starts off in an entry-level analyst role, is good at it, and busts their hump? (I am used to working 50 to 60 hours a week, so hard work doesn't intimidate me). Is six figures attainable within four years? What vertical or lateral moves can an analyst role lead to?
I have also considered trying to get a job in local government to understand entitlements, permitting, economic development incentives, etc. as I believe that would be a good springboard to working for a developer.
Property management seems like a dead end unless you want to form your own property management company down the road, which is not something I have a desire to do. Correct me if I'm wrong...
Basically, I'm just trying to figure out A) if an entry-level analyst role has a viable career path to a reasonably lucrative position within five years (and what that path looks like), and B) what other lateral moves I can make out of brokerage with my current resume that I am not thinking of.
Any help is much appreciated! If there is any additional info I can provide to help in your suggestions please let me know. Thank you for any help you may be able to offer.