Project & Development Services at JLL Exits Opps
As someone in undergrad studying construction management, I was wondering how easy it would be to transition to the development side of cre if I were to work for somewhere like JLL Project & Development Service group rather than working for a large GC. To my understanding, they do fee development in addition to project management so I was wondering if it would be possible to transition to the development side from there without getting a graduate degree.
Any advice would be appreciated.
Yeah, it can be done. I did it. JLL can be great, but it's a big organization and takes a while to fully understand (years). Depending on the market, you're not going to see a lot of actual development so don't think you're going to come in there getting the exact experience you're looking for asap, you'll have to put in some time. You're going to be working on a lot of TIs, or on an account, being the 3rd party outsourced PM for one particular company where there may be no ground up work. Research your market and best of luck.
I would say go to an ENR Top 100 firm for either GC or CM. Both skills are useful. I would personally rather be on the CM side. Had I known more from the beginning, I would’ve gone CM instead of GC
What are the advantages of working at an ENR 100 GC vs project and development management at a JLL or CBRE?
I don't see a lot of CM firms hiring out of college though, it definitely seems like a move for at least 2-3 years of exp. You really have no ability to CM a job out of school and don't add value. CM's don't have enough administrative junk on large projects to warrant entry level paper pushers like GC's do.
I guess also just throw it in the argument would working for the in-house GC at a developer be better than working at an ENR 100 firm when it comes to gaining leverage to transition to development?
If you work at a firm with an in-house GC, it doesn't necessarily translate to working on the developer's jobs. If you're to go this route and you really want to work more intimately with the developers, you have to figure out what the bread and butter of the company is. For instance, Clark and Gilbane are two huge GC's with development arms, however you're much more likely to be working on a job that not in house to each one. Somewhere like Wood Partners that is more of a development heavy shop would work primarily on internal developments.
Realistically, you'll have the same general conversations whether you work for an in-house or out-of-house job. I've done both, I don't see significant value in working for an in-house GC vs. an out-of-house. To add on my CM note from above as well, you won't get ground-up experience as a junior-level CM, there's really just too much of a lack of knowledge from that perspective. You'll lose technical expertise by going that route, but you'll gain more process heavy understanding. I think each has value, but it's definitely a slower roll from a process perspective on the GC/C&S construction side.
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Edit: My comments were meant to be directed to the OP, seems like you know your stuff. I just wanted to emphasize that specific quote.
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