19 Comments
 

Yes--if you get the chance. They recruit almost exclusively Wharton, Columbia, and HBS for Associates. Texas schools also have an advantage given their Houston headquarters. But in terms of development, really in a class of its own--maybe Tishman, Vornado, Related can compete. Huge ability and reach and depending on office, large amount of responsibility. Also can get equity as you become senior.

 

I highly doubt " almost exclusively Wharton, Columbia and HBS" part is true.

I might skim through Linked in later to see how this stands up.

 

I would say jumping straight out of UG into a Hines you definitely need to be from a target. However, I have seen many in Analyst/Associate roles from non targets but they have prior RE experience.

 
Best Response

Hines is certainly a top-tier development shop. They're operated in a decentralized way, generally broken up into regions (i.e. West, Midwest, Northeast, etc.) and thus each region can differ quite a lot, and even more so from office to office since EVPs and SMDs have so much influence on the day-to-day. Projects (acquisitions vs. developments), size/scope, property type, frequency of deals, capital partners, and work-life balance can all vary considerably from office to office and region to region, from what I've seen (example being SF office doing Salesforce Tower, southwest doing SFR developments, and NYC doing fee projects).

As for hiring and recruiting, again it depends on office/region but there is definitely a lot of weight put on undergraduate and MBA pedigree. For example, from what I've experienced the west coast has a ton of people from top schools, both undergrad and MBA, like Stanford, Berkeley, Harvard, Princeton, Dartmouth, USC, UCLA, Columbia, etc. Seems to be similar when you look on LinkedIn for Houston, NYC, and Chicago.

It is what it is.
 

Great insight. Thank you. Any knowledge of comp structure? Interested in whether there is a standard base + bonus for associate level and then how that changes when one makes director and eventually MD...

 

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