PGIM Real Estate Finance Interviews

Hey guys,
I am getting ready for the interview at Pru in Real Estate Investment Analyst position. is there anyone who went through the process and can share some experience? it's a second round of interviews with the team in one of the regional offices. i did some research at WSO but most of them are about PGIM Real Estate which is the investment arm. PGIM REF is the lending arm.
any input is much appreciated.
thx!

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Comments (16)

Jul 6, 2017

Bump... Interview with regional team as well early next week.

Jul 6, 2017

2nd round?

ET

Jul 6, 2017

technically yes.. phone interview was first, but passed that

Jul 6, 2017

Toughest question you'll get from Prudential is... why do you want to be in New Jersey?

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Best Response
Jul 7, 2017

Lmao that hurts being a NJ native. I saw a posting for the Arlington office as well. GL let us know how it goes. I interviewed with PGIM CRE, they asked me to list a couple ways to value a real estate asset and walk them through a 10 year waterfall. Couple other questions about NPV/IRR.

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Jul 6, 2017

I've never gotten past a first round on campus interview with them, but it was 2 on 1 and they seemed to love tying things back to the overall insurance company. Mine was for fixed income trading but might be a good idea to be prepared to speak about their business as a whole and how investing can more than offset claims, macro risks that may affect this. Every question seemed to go back to this for me and they were reading from a cheat sheet, might be an hiring trend?

Jul 7, 2017

Where is your interview? I applied for one of their Los Angeles positions and haven't heard back yet.

Jul 6, 2017

How'd your interviews go? Did you make it to the assessment exam and case study?

Jul 6, 2017

completed the assessment, waiting for a feedback

ET

Jul 11, 2017

Anyone know the culture/hours/ comp like in Madison office? NYC is just Mortgage team I believe, right?

Jul 6, 2017

I had interview with Madison(no success), they are the equity investors, they have multifamily fund.
PGIM Real Estate is equity
PGIM Real Estate Finance is lender
two different businesses, don't get confused.
don't know about the comps but heard from the interviewer that the culture is great( seemed quite genuine)

ET

Jul 11, 2017

True.. i think NYC is the lending arm office.

Do you know what the hours are like?

Jul 11, 2017

You will likely interview with up to six people in the regional office including the entire deal team (I'm assuming this is an originations role), potentially members of another group like portfolio management and, less likely, senior leadership (all will depend on which office you are interviewing with). Generally, you will be evaluated for 1) Experience/Passion for CRE and 2) Cultural Fit. This is not a super day so I wouldn't expect any brain teasers, but I would know your deals inside and out and have a sound understanding of CRE finance fundamentals. You are an off-cycle hire likely replacing a recently-departed or soon-to-depart analyst so your ability to prove how transferable your skills/experience are will be paramount. Pru in general is a pretty relaxed place with smart, good people; just be yourself and prove that you can add value. If you've made it this far you should have decent level of confidence in your ability to succeed with the organization. Good luck!

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Jul 6, 2017

thank you very much for the input, it's very helpful and I appreciate it. I've heard only good things about Pru so far and truly hope to make it.

ET

Mar 8, 2019

I have a superday coming up next week with four people (2 directors, 1 principal, and an investment analyst). I applied for an analyst position on their agency multifamily debt team. I'm assuming I'll face a number of fit/behavioral questions as well as technical questions like the following:

-Difference between debt/equity and the types of debt in a real estate deal
-Underwriting parameters from a lender's perspective (i.e., quality of sponsor, type of deal, health of region/market, debt metrics such as DSCR, debt yield, LTV, etc)

Anything else I should be aware of? They said the interview will take 2 hours (30 mins each).