I was hoping for some insight regarding two job offers I have. I am a finance major and will be graduating in May. I need to select an offer by this Monday. My ultimate goal would be to end up in acquisitions or be a self-employed real estate investor/developer, and would like to pick the job that would give me the best knowledge to reach that goal. I described the two offers below. Any advice would be greatly appreciated.
- Credit Analyst -- CRE Loan Underwriter
- at small/ mid-size bank (aprox. $5B AUM)
- would begin as credit analyst
- strong mentorship
- 15 minute commute from home
- hours are pretty much 9-5, relaxed work environment
- know people within company, and would know would be good fit culturally
- would begin reviewing CFs, tax returns, etc. -- working way towards underwriting multi-family, industrial, etc properties
- their 5 year plan would be becoming a senior CRE underwriting
- Analyst on FP&A Team
- for publicly traded REIT, portfolio consists mostly of shopping malls
- no formal training, but would have mentor
- 45 minute commute from home
- longer hours, mentioned occasionally needing to work weekends
- their 5 year plan involved getting role at larger firm, becoming an analysts on one of their other teams (such as acquisitions-- even mentioned being FP&A analyst for 2 years then moving to acq. team)
- job would involve interacting with different teams -- leasing, property accountants, etc.
- said would be aprox. 50% property level accounting (where I would be working on property budgets - which they said would teach me the 'guts' of the business), and 50% corporate level
- my concern is that as FP&A might be more corporate, and not really learning the RE business as much
Both offers are in the $60-65K range, but the experience is what is most important to me. The longer commute is a slight concern, especially with the longer hours. What role do you think would best prepare someone for a career on the development/acquisitions side?
Greatly appreciate any insight!