Portfolio Management - Tier 1 REPE Thoughts?
Hi All,
I am a senior in college and I received an offer from a tier 1 REPE shop (think Blackstone, Brookfield, Starwood) in their portfolio management arm. Any thoughts on the role and career path?
In this market cycle, you are crazy not to take this. Acquisitions people are going to become asset management people or terminated (at some firms, not all). First jobs are not last jobs, you still have every path ahead of you if you want. Having started at a big name firm will open plenty doors. If you pass on this, you could easily regret it very soon.
Thanks for the advice. In your experience, what kind of exit ops do you see for portfolio management analyst roles?
So, you will be analyst at a major firm, in 2-3 years you can apply for sr. analyst/associate roles pretty much anywhere in the CRE spectrum and get attention. This is more raw skill development, understanding investment mngt and the investment decision process, you are not going to get anywhere close to mastery or be "branded" as a PM person or something.
If your frim ramps up acquisitions, starts a new fund, etc. you can probably angle for that. If you want to stay on path with the megafunds, you should probably plan out for grad school down the line, pretty much required for advancement in that world.
Is this for an immediate start position or you start in June/July? Would help for the answer I’m about to give you.
Start in February. I'm graduating early.
I’d take the role if I were you. PM is a great place to learn the business then transition over to acquisitions in 1-2 years. May I ask how you got the role & how your interview process went?
Questioning whether to take a role out of school in PM with a Starwood, BX, or Brookfield...
For fuks sake
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