JPMorgan Asset Management or PGIM Real Estate

Received two offers for an internship for both of these roles both in NYC,CHI, LA. I would be on the AM (equity) side.  I know they mostly do core stuff. Which one would provide the best career opportunities long term? Which is seen more favorably by recruiters?

 

These are both two well known, high-quality household name firms. If this is just an internship, I would probably go with whichever seems to have be best chance of return offer. Personally, I would go with PGIM, excellent leader in the institutional real estate world, true pioneer in the industry. I don't really think as much about the big banks, but that is really a personal feeling. 

 

JPM. Think most analysts do AM and acquisitions now. Even if that’s changed, there’s a path from AM to acq. It’s a better and more recognized brand name to recruiters hands down. You’ll get looks from PE/HF recruiters. Good spot for a career but they’ve had people leave for top firms too. KKR, northwood, oaktree, Carlyle, Starwood. Also, if you change your mind and don’t want RE, JPM is a huge place. Lots of other roles you can pivot into. 

 

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