I have been working in real estate development for over five years now. I am currently working as a development manager in affordable housing. I have done multi family development and student housing in my career as well.
What skills do I need to refine or highlight in order to get a VP development role?
| +45 | New Comp Database - Google Form (Now with Data Validation) | 24 | 1d | |
| +44 | Leave brokerage to be GP | 12 | 35m | |
| +24 | Seeking Career Guidance in Real Estate Development Post-Graduation | 3 | 1d | |
| +23 | Going out on your own | 4 | 3h | |
| +22 | REPE/Development GPA | 15 | 2d | |
| +21 | Real Estate = complicated + underpaid | 15 | 2h | |
| +17 | MSRE/MSRED with no RE experience; Naive to think I’ll land a job afterwards? | 4 | 4d | |
| +17 | Fisher Brothers | 6 | 2h | |
| +16 | UC Berkeley MRED vs Columbia MSRED? | 2 | 6d | |
| +15 | Spreads over SOFR/UST | 0 | 1h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Bumping this thread because I am curious what more of the senior monkeys have to say about this.
Associate to VP/MD seems to be the biggest/most challenging jump due to the responsibility shift (you go from deal specific management to regional business/book management) but more importantly I think it’s a supply issue in that there just aren’t many of these spots available even in secondary cities, let alone smaller markets.
As far as making the jump, my impression from talking around is that generally it is a better strategy/faster track to move up the ranks internally at one company until you hit VP then it is easier to jump depending on your company’s economic standing, the autonomy you have, etc. to a better situation.
As a relevant data point, I just got pitched by a recruiter for a VP/Director of Development position for a local small shop (<10 people) who focus on infill MF/mixed use projects.
For context, I’ve been in development/private equity for about 6 years now with about 2 years as a DM.
Aut sed et temporibus voluptas laudantium. Molestias impedit natus eum consequatur delectus dignissimos. Quaerat reiciendis deleniti et eaque modi molestiae. Non porro qui sit consequatur labore repudiandae quaerat. Consequuntur consectetur dicta aut quos voluptas maiores.
Autem accusamus et eum et ut ea veniam rerum. Asperiores vitae qui est. Molestiae nihil officiis nam non.
Aut sed autem earum. Et facere reiciendis vitae quia ut dolor animi. Ex dicta voluptas nam est voluptas. Odit ipsa voluptate modi possimus voluptatum quibusdam.
Quam exercitationem et quaerat id similique. Distinctio est id temporibus sint quam ea sint. Placeat dolor nam suscipit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...