Debt-side v. Equity-side– Do RE professionals go back and forth?
My current role is on the equity side. I am a portfolio manager in an associate-level role at a Life Insurance Co. I deal primarily in MF assets, and my day-to-day is heavy on capital transactions.
After revamping my resume, I have been testing the waters for new opportunities. The most interesting roles I have applied to thus far have been on the debt-side – RE underwriting/origination. The interest has been reciprocated, and I am in the process of interviewing with a few firms.
Anecdotally, it seems like my more senior colleagues have been on both sides during their careers. Is that common? Also, it seems like work-life balance could be less great on the debt-side because deal flow would be higher? And the coveted carry isn't there either, but that's not something I get anyways and purely aspirational...
My underwriting skills are good, but my thinking is that going to the debt-side for a while would provide the opportunity to develop them further? Possibly get exposure to asset classes outside MF? Would transitioning back later be an issue? Is the firm progression of Life Insurance Co> Bank> REPE shop typical? Is this the right way to approach these potential moves?
Apologies for taking the scenic route on this question, but thoughts/opinions from seasoned RE folks is appreciated. Thanks.