Is my current job good enough to exit to REIB, REPE, or RE hf

So I just got a job with a major lifeco (fidelity, allianz, Prudential) for their commercial real estate portfolio. My official title is "Asset Management analyst" but I really do portfolio surveillance on the debt side where I essentially analyze existing properties on our balance sheet. So no equity acquisitions but I will get enough experience in originations to put it on a resume. After a year of working, could I use this experience to lateral over to a REIB, REIT, REPE, HF, or investment analyst for my firm? Does my current job sound like asset management to you? Thanks

 
Best Response

REPE: probably not. REIB: yes. REIT: probably not. HF: huh? you'd need IB experience to do this.

Do you want to do acquisitions or Asset Management? My personal opinion is that you're probably going to have to do another 1-2 years at either of the below before you'd be in good shape to break into REPE. The below is advice if your end goal is acquisitions (I don't have experience in asset management).

If you're working a lot with debt and you don't want to be at your current job more than a year (your words not mine), perhaps your best bet would be to target debt placement at a major brokerage house like Eastdil, CBRE, or HFF. This would give you a solid background in understanding how acquisitions are getting done because you would be looking at models of live deals and trying to figure out how best to structure their debt.

Your other best bet is to jump into investment sales for a good brokerage house: Eastdil, CBRE, HFF, Newmark, JLL. This would give you a great overview of how properties are actually bought and sold. The work you'd be doing is different than what you'd be doing as an acquisitions analyst but overlaps in very important ways, meaning you could make the transition into REPE fairly easily after a couple of years.

 

Why would it be yes to Prudential only? Also, I'll be securitizing CMBS if that makes a difference or would help me get into DCM as an option. I'm just curious what options I'll have.

And thanks for your insight @bd.charlus.

 

Hic sed voluptas numquam eaque vitae non. Iure nobis et est occaecati quam aut repellendus molestias. Esse aperiam reiciendis non accusamus libero. Adipisci placeat quidem consequatur ratione.

Eos voluptatum est quia. Aut suscipit rerum et illo repellat consequatur provident. Dolorum rerum sint eligendi temporibus non maiores. Consequatur ducimus illum iusto provident rerum provident sint.

Perferendis omnis sunt quam repellat eum minima. Numquam recusandae dolorum eum consequuntur. Itaque quia minus similique.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
DrApeman's picture
DrApeman
98.9
8
CompBanker's picture
CompBanker
98.9
9
kanon's picture
kanon
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”