Moved from Banking over to Real Estate (CBRE/JLL) within one the more niche Capital Markets teams to support transactions and be involved in financial modelling etc.
I have been here for nearly a year and have worked on only one deal. My broker has realised the headcount was pre-emptively brought in and is now looking at where I can be placed.
I feel sick and depressed - going back to banking is not possible for many reasons (I'd love to but you cannot go through the front door).
Any ideas what I should do next?
well clearly your life is over and ur fucked - move to bali and start smoking crack...
hustle and find a great role at another shop dude. no excuses.
I am on it literally ere day. Will keep at it but I am struggling since I've not done much real estate deals
Keep in mind it's also been COVID so deal volume is down anyways - pretty easy to explain away the limited number of transactions right now.
so, when you say only worked on one deal.. do you mean one deal that has closed or literally only modeled/pursued/looked at one deal? There is a HUGE difference.
Regardless, if you want to stay in real estate (be it brokerage/sellside or buyside), then the answer is obvious... go get another job. Call up the competitors to this firm, or network internally (sounds like they may be doing this already on your behalf, but I wouldn't wait for them, go out and proactively seek a desk to join). You should also be networking hard with your set of alumni, members of local re orgs (i.e. NAIOP/ULI), and just applying for jobs (its not a bad time, places are looking!).
Anyway, this is not that unusual and you are far from the first to experience something like this.NO body is going to look at you and say "oh what a failure".... this not that situation, not even close.
Also, if you want to go back to "banking" (which I'm not sure if you mean like BB I-banking, commercial banking, or like a branch teller at Chase..), I doubt you would be completely foreclosed in that option. Sure, the classic "front door" entryway is not meant for someone like you, but call your old team, or their competitors, etc. I mean, I really think you have more options there than you realize. Clearly you would now have more credibility for the various real estate desks and lending depts that pretty much all banks at all levels have.
Just gotta hit the pavement, not fun, and not what you want to do.... but seriously, you may land an even better job and be happy to go through this shit! good luck!
Thanks - in London, UK if that makes a difference. I have only worked on one deal full stop and its currently live.
Not really any entry into other teams so far - Long Income are interesting but I am not sure that is the best move.
I am not yet struggling at interviews it is getting interviews. I am definitely trying to reach out via LinkedIn - but I am now getting worried.
well I am in US, so can't really comment on the UK job market. but the general ideas are still applicable I'd say. May need to work harder if a slower job market.
Hey,
I'm in a niche brokerage in London about to move to aviva investors. The market seems pretty hot at the moment you should contact recruitment agencies as they are inundated with analyst/associate roles..
Cobalt Recruitment, Michael Page, Macdonald & Company, Oliver Samuals Associates etc...
Happy to meet for a coffee if you're in the City.
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