I've been fortunate enough to be offered roles at the places mentioned above for theirand I'm having a hard time deciding. Long term, I'd like to do REPE and eventually venture off on my own to do developments and build my own portfolios; however, i've never had experience and I don't know if i'll like REPE, yet, except for two internships at brokerage and development shops. I was wondering which would be the wiser choice? I'm also trying to make as much money along the way and go to a top bschool. Please help me with the decision, if you worked at any of these places, feel free to provide some input.
Input on offers, in order of preference:
PGIM - Pros: 3 year investment analyst program after internship could be with market research, acquisitions, or. Opportunity to move to their REPE fund after the 3 years. More inclined to do this program as it's such great exposure to RE as a whole. Cons: Starting salary is kinda shitty, wont be getting the 6 figure compensation of my IB peers. Madison, NJ sucks. I could potentially be stuck in a shitty role throughout the three years and bschool options afterward are not so great.
MS IB - Pros: 2 year analyst program after internship in their IB division, aiming to be placed in real estate group. Probably best set up to jump to larger REPE fund such as, or Starwood (they were recent advisors in the Starwood / Waypoint homes merger). The pay is going to be great, plus if I get into the RE group, i'll be doing something I enjoy. Better exit opps if I really dont stay in RE. Cons: Hours will be brutal. Might not be placed in RE group. Not much exposure to RE operational side or true fundamentals. Chances are that its a lot of capital raising.
Capital Markets - Pros: 3 year analyst program. The people here rock and are great. I'll be getting much exposure to debt. Salary is good for PITT, PA. I also enjoy working with debt and would be a backup plan if I don't enjoy RE. Also, could jump through ranks a lot quicker as I noticed I'm a lot more driven and ambitious than most peers at the bank. Cons: Doesnt align with my long term goal, but it is definitely worth considering. PITT is a shitty city, at least compared to my hometown in the West Coast.