New job at Marcus and Millichap - Advice for recent grads going into CRE in NYC

I'm graduating in a few months and looking to go into the real estate business in NYC. Specifically, I'm looking to become a commercial real estate broker. I've spoken to a ton of people about this work. Mostly veterans in the industry. They all basically say the same thing "Work hard", "Be prepared for commission roller coasters", "You better have a good personality".

I'm going to brag a bit here. I'm well spoken, and people like me - so I think I've got the personality for this job. What I want to know is what it's like as a recent grad trying to make it as a commercial real estate broker. Everyone that has talked to me about this says "be prepared to make no money for 8-12 months". I've basically prepared for this (I'm going to work on the weekends for some extra cash). But does that 8-12 month figure represent everyone across the board, or is that a "if you're sub par" number? Some actual success/horror stories would be great.

Just a note here, I'll be able to take a risk on this commission job, because I can commute from my parents home into the city. I also have no student loans. Based on those factors that's basically the only way I can take a job like this. Also, I've got an interview at M&M in the city in a few weeks, any advice from anyone works there/has interviewed there?

 

Accusamus quia dolor quo consequatur consequuntur. Perspiciatis error nulla deserunt eaque. Consectetur quia libero quidem autem incidunt non aut. Iure expedita veniam aliquam nostrum et laudantium sequi.

Aperiam perferendis aut sunt quod vitae omnis et. Consequuntur minus enim vel quis voluptatem. Omnis iusto sunt vel officia et totam facere. Qui voluptatem quae ut quasi. Soluta nam odio non suscipit.

Consequuntur dolores sapiente quisquam quia qui. Ad saepe soluta dicta dicta sit.

Veritatis sint blanditiis voluptas laboriosam omnis. Tempora consequatur incidunt qui cupiditate quos autem blanditiis. Doloremque expedita adipisci hic et delectus id quo. Libero aliquam eos nihil possimus dolor. Qui eos voluptatem dolores qui assumenda libero.

Career Advancement Opportunities

April 2024 Investment Banking

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

Overall Employee Satisfaction

April 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

April 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

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
dosk17's picture
dosk17
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
DrApeman's picture
DrApeman
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...”