Job Title Help

picklemonkey's picture
Rank: King Kong | 1,824

I'm up for a promotion and a change in title. I'm currently an Associate. My company is looking for feedback on what title I should have for my new position. Internally, my title will be "Manager", but that doesn't correlate to a normal title in the RE world. I work in a family office so titles here are a little different and more in line with corporate tiles (Analyst - > Associate -> Manager -> Director -> VP -> SVP etc.). As such, VP is totally off the table. I could maybe ask for a Director title, but that will probably get some push back.

On the real estate side of things, we are a "eat what you kill" type of operation. I source, execute, and manage all the investments I am responsible for (direct, JV's and Funds). I want to have a title that is appropriate for the external parties I'm interacting with. The best thing I've come up with so far is Portfolio Manager, but I'm not sure if that is accurate.

Thoughts?

Comments (19)

Feb 13, 2020
picklemonkey:

I could maybe ask for a Director title, but that will probably get some push back.

Enough push back to not ask?

Feb 13, 2020

No. However, I want to have solid reasoning/support for my ask.

Feb 13, 2020

Director is a pure sourcing role.

How hard you push would be equivalent to how many people under you you have. I've spoken to top head hunters (not 20 year old girls, like at Atlantic Group or Bacharach), and it sounds almost career suicide to be a director with 1-2 direct reports. You cannot lateral to a positions, let alone a manager position.

Feb 13, 2020

Can you elaborate here. I have 2 direct reports, but it will soon be three once we on board our new hire. Why is it career suicide to have that title with so few reports?

Feb 13, 2020

It would depend on what your next step is. One thought is that it shows to an inflated title. And while we on the forum knows that titles run the gamut, HR has no idea.

Feb 14, 2020

I have to disagree here. I think it is very common for directors to be both supporting a VP in originations who owns a territory or product type while also managing the analyst and associates in the review and diligence process.

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Feb 14, 2020

I think in a large corporate context you are correct. When the guy has 2 direct reports, maybe a bit too much?

Feb 14, 2020
C.R.E. Shervin:

Director is a pure sourcing role.

That's a bit too all encompassing. I don't think real estate firms have a consensus on where a "Director" level employee ranks in the organization, let alone what that person does for a living.

I've seen as many Directors above Vice Presidents as I have below.

Feb 14, 2020

Well in Investment sales apparently it is a junior position.

I mean in development, it's a project manager as sorts. In finance/investments it usually means a heavy sourcing especially for small companies. So to be pedantic, yes I was very broad in the definition. But, I'd agree, I've seen Director higher than VP, but USUALLY in banking.

Feb 13, 2020

Real estate titles have a ton of variability. You could be a Director at one shop, a VP at another, a Development Manager at a third, and a Senior Associate at a fourth and be doing the same level of work from the standpoint of seniority/experience. Not sure how long you have been there, but Manager seems pretty reasonable. You can always make the argument that it costs the firm nothing and makes you appear outwardly more legitimate an capable to brokers and capital partners.

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Feb 13, 2020

I've done some homework and people with my level of experience (8 years) have titles that are all over the place. I recognize that Manager isn't a "bad" title. I want to make sure that my title reflects the work that I'm doing. I'm a little concerned that Portfolio Manager implies I'm only working on managing existing investments, and doesn't give me credit for the souring and executing responsibilities. I'm trying to keep my next career step in mind as well.

Feb 13, 2020

FWIW when I hear "Portfolio Manager" I think of somebody who is working exclusively on the existing portfolio.

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Feb 13, 2020

I feel like throwing "Investment" infront of Manager makes a diff optically.

I've also seen "Investment Officer"

Feb 13, 2020

Investment Manager or Director of Real Estate Investment.

Feb 14, 2020

IM sounds too portfolio focused...

Feb 14, 2020

No it doesn't.

Feb 14, 2020

"Investment Director" ...thank me later.

Feb 14, 2020
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