Hello.
I have an offer for an Analyst position in Hines and in Deloitte (Investment Banking + Infrastructure & Capital Project). I'm struggling to decide and I would like to hear some opinions.
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Do you want to do real estate? Then Hines
Hines. If you're interested in RE, Hines is a great place to be at long-term or to lateral from. The incrementally greater amount you'll make in IB in your first two years is de minimis in the long run. Either way, if you're competent, you're on a good path to make an assbucket of money. The incremental prestige of having IB on the resume over a role at Hines is worthless.
Hines 100%, fucking awesome company to work for in real estate, hard to find a better company in the industry.
Hines without question
Are you entrepreneurial? Do you want to chase deals, have the opportunity to create wealth via investing in institutional real estate, and more importantly are you okay with betting on yourself and in return for that risk, getting paid (potentially huge) over your career? Hines.
Are you non-entrepreneurial and do you prefer to have someone tell you what to do and when to do it? Do you want to service clients, fulfill their needs, and save the day for them at all costs if it means losing freedoms like free time and vacation days? Does safety appeal to you, if you can make constant and predictable income and work in a very corporate culture? Deloitte.
At the end of the day these jobs are so different that you need to figure out what drives you and why. Hines is a top RE firm in terms prestige, whereas Deloitte is not for consulting. The Hines gig in RE would be like working for Bain or McKinsey out of college. However, if you don’t like RE or the above description doesn’t sound like you (and that’s perfectly ok), Deloitte may be the way to go. You have to have passionate about what you do If you’re going to dedicate your life/career to said endeavor.
Hines
Hines. If you were to ask this in the IB forum you'll get completely different answers but if you're not 100% set on real estate you should do Deloitte.
I agree with Upman. On this real estate forum, we are most likely going to say Hines. Seems like though you applied for real estate like work (project finance, real estate analysis). The Hines work I feel would be transferable.
If you want to do real estate, Hines without any debate. That said, unless you are sure you want to do real estate, I'd take Deloitte. I started in IB and now work at a developer of similar scale, once you progress through development your skill set will be seen as quite niche despite being quite broad in reality. The skill set you get in IB will be seen as more transferable for exit opportunities, so unless you're certain RE is for you IB will likely offer greater options in the long run.
I do know I want to do RE in the long term. Most people like you work in IB for some years and become skilled before moving into a PE firm. Would you recommend me to do that or start from the beggining in RE?
HINES... just my two cents
Hines is as good as it gets for real estate. Deloitte if you want to wind up in consulting, corporate finance, PE, or business development.
Im interested in RE. that's what I want to do in the long term. I know some people work in IB for some years and master financial modelling before moving to a PE firm. I guess my question is if it would be a good idea to work in Investment Banking in Deloitte or just start to work for a REPE now.
There is a legitimate argument to be made that there is not a better name in real estate than Hines. Trammell Crow back in the day, sure, but not now. Blackstone and a handful of others in the REPE world maybe.
I can think of multiple better names in both banking and consulting than Deloitte. Not like it's bad, but it's not in the same league.
Would your answer be the same if instead of Deloitte it was a more prestigious investment bank like Evercore?
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