HELP - Career Path in REPE Asset Management?
Just started as a first-year AM analyst in a large REPE fund, and hoping to seek some advice on career development. The responsibilities are diverse including refinancing, budget/leasing analysis, Capex plans, and dispositions (doesn't happen that often though), but we don't go down to actual lease negotiations/property management. The pay is good and people here are friendly, so I can see myself staying with the firm for quite a while.
It's definitely an option to stay in Asset Management my whole career, but I am wondering what are the other options 5 to 10 years down the road? In other words, how valuable/transferrable would the skills I learn in AM be if I want to move to other areas in RE or even outside RE? What other skills would I need to develop? Would it be possible to move to:
- Acquisitions - honestly find the deal process quite interesting but normally AM guys don't get involved in acquisitions at my firm. If I want to make this switch, would it be easier to do it in the first few years or later on? Would AM skillset be valued in Acquisitions?
- Development - would it be possible to switch to development later, and when is the best time to do it?
- Join/start small REPE shops - this definitely happens much later on in my career, but would I be able to add sufficient value if I only have AM background? Or do you need to be kinda well-rounded having done a bit of Acquisitions, AM and execution stuffs?
- Other areas in Finance - the firm is well-known beyond RE too. Would it be possible to move into banking or even corporate PE from where I am? Has it been done before?
- Outside Finance - what about going into corporate development in non-finance related companies? Heard some of the IB guys jump to do this after a few years, can this be done in RE too?
Apologies for the long list of questions, but at this beginning stage in my career, I am just a bit confused about what the future holds. Guess I have been really sheltered in college lol. I would also appreciate any insights on other potential options, or advice on what skills I should focus on developing in my current job.