Consulting -> CRE Capital Markets IS ... Help
I have a cozy job working about 45 hours a week for a consulting firm. I make about 90k with annual salary increases all-in around 10k or so. I've been remote since covid and have a very flexible schedule. Its secure, easy, and the money isn't bad. However, I am not learning anything, don't feel challenged, and if I stay much longer, my only exit option (or opportunity for promotion) will be an MBA program.
I have another potential opportunity to join one of the top CRE brokerage firms as an analyst on one of their capital markets IS teams, in their hotels business, in a large market. It's likely 60+ hours a week, frequent travel, and more technical work. I've been trying to break into CRE so this is really about as good as it gets with no prior real estate experience, in my eyes. My only concern is the state of commercial real estate, especially hospitality, given how covid has changed things as well as the unknowns of covid's variants to come.
My thought is that there will always be transactions happening, in a good or bad market. So it's probably "safer" or "less worrisome" to be on a brokerage team in general - assuming their deal flow is stable - in contrast to the principal side. But on the other side of that, there surely will be some opportunities on the principal side, so there may be more concerns going through my head than is warranted in the long term.
I guess I am just worried that I could be making a jump to a job in an industry that could be headed in a direction that isn't great.
Would I be naïve to leave a safe job in this market for something like this? Or is it an opportunity I need to capitalize on?
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