For someone starting a career in RE Asset Management as an Analyst, what exit opps are available after working a year?
I hear the transition to acquisitions in pretty smooth, but what about entry into ibanks and advisory roles?
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Gone through this. The transition to Acquisitions is not remotely smooth - unless you've got an understanding group internally that'll train you up. Advisory with RE bend is probably easier. You can get in the door at the bank but you'll be coming in fresh sheep first year status.
How long did it take you to switch to Acquisitions? Did you stay at your original firm or did you go somewhere else?
All in I probably spent 6 months from deciding it was time to find the next gig to just within the last couple of weeks getting settled into new role. Went through a bunch of processes, dinged on some and declined on others - coming from a big shop i was wary of going boutique and getting stuck there forever. Also coming from REPE you cap out role wise after a while (in my experience) so staying internal didn't work great - so was time for a new shot for me but i've seen more often than not depending on the kind of shop you're in the internal transfers work great for a lot of guys.
Also curious as to this if anyone else has any insight.
What product types are you working on? Your odds are better to switch to acquisitions if you have an expertise in something slightly esoteric. For instance, pretty much anyone can do multifamily or office, but it takes some specialty knowledge to run a hotel.
Yeah, so I'm in retail asset management with a large REIT with assets all over the country.
Do you think this industry is "esoteric" enough to get me opportunities in acquisitions at other shops or investment banking analyst jobs?
Also interested in this!
Yeah, I worked at a shop that had a retail-only acquisitions team because of the different skill set. I'd try to focus my efforts on firms that play exclusively in that space then if I were you.
Exiting from CRE AM into investment banking (Originally Posted: 06/20/2017)
Hey all, I'm an analyst at a well known lifeco in the Asset Management group for commercial real estate. I was curious on your thoughts of my chances with getting an entry level analyst gig at an investment bank.
Here are my qualifications:
1 year of experience in CRE AM, part taking in portfolio acquisitions, property valuations, and cash flow modeling
master's degree in finance from a non target, 3.8 gpa
CFA level 1 charter holder
Thanks
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