How long to stay at your “foot in the door” job

Work history: finance undergrad, 1 year as business analyst, 3 years at a company doing Corp finance, 2 years into a financial analyst on dev team at a CRE (LP side). This job I'm in now is what I've always viewed as my foot in the door job. My end goal is to end up as a development manager so I'm starting to plan my next move because I don't realistically see any opportunities to lateral or move up at my own company. I've started passively looking at jobs and noticed many applications say 3-5 years relevant experience, which I technically have but only 2 within CRE. So should I wait another year then try to look seriously? I don't want to get dinged for something like this. Also I know this has been on here but any tips for trying to get a dev associate job in general? Found a dream job opening but I honestly am scared to apply bc I feel like I'm not gonna get it and don't want to hurt any future chances there.

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Comments (7)

Oct 12, 2021 - 9:13am

I'd wait and get promoted and try and lateral. Sounds like you are an analyst looking at more associate level jobs? I feel like it'd be easier to get the promo at your current firm then lateral as an associate to your next job. I'd try and make sure your next job is where you want to be for a while. If you can go from "foot in the door" job to "house I want to be in" with one change that's probably ideal vs. hopping around again in a couple years. 

  • Analyst 2 in RE - Comm
Oct 12, 2021 - 9:45am

Yeah so my issue with my current firm is that there isn't really a next level promotion opportunity for me… it's pretty lean and the DM spots are filled, plus it would be quite the jump from analyst to DM. We don't have any associates here, and my position was new so I'm the first one in it. So my thought process is to try and get a dev associate job to bridge that gap and ideally stay somewhere for a while because I really do hate hopping around

  • Analyst 2 in RE - Comm
Oct 12, 2021 - 10:45am

Will companies see that I don't have the minimum 3 years of CRE experience and immediately dismiss me though?

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Oct 18, 2021 - 10:53am

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