Currently a Junior Broker at CBRE while still in college, I just received an offer from PGIM REF in for their real estate analyst program. Need advice/pros and cons.
Which position upon graduating from college would bring the most long term success?
What career paths come from each?
Is one more prestigious than the other?
Overall Job security?
Exit Options?
ect.?
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PGIM by a mile. Don’t think twice.
Main reason?
Go on LinkedIn and look up where past employees of PGIM work versus where past tenant rep brokers work.
Closer to the principal side.
More financial training/experience.
Better learning early in your career.
^x2
If you hate PGIM you can quit and become a Tenant Rep Broker. Cant do it the other way around.
That's hard to say, because long-term success depends on far more important things than where you start your career, but PGIM will make the first few years easier for you, resume-wise.
Brokerage vs. Acquisitions/Equity Investing/Asset Management.
Basically, 3rd part vs. 1st party. Sell side vs. buy side.
Yes. CBRE is a great company and a great name to have on your resume, but PGIM is too, and your ROLE at PGIM will be more impressive.
Brokerage is one of the lease secure positions.
"lease secure positions"
OP is Tenant rep.......I see what you did there.
Totally planned...
Two completely different roles that fit two completely different personalities. No question that the PGIM offer is more "valuable" (hard to secure and coveted by most) but keep in mind that you could find yourself seriously unhappy if you'd rather be out talking to clients than crunching at the desk. That being said, two years of experience with PGIM and your options will be wide open. And a huge second to the lack of security in leasing brokerage already mentioned.
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