Real Estate Debt Fund/REPE to Non RE Banking
Hi guys, just trying to gather some thoughts and past experiences on what my title suggests. I am likely to not receive an offer from a bank/advisory this year but I am currently interning at an alternatives fund and it is very likely I will be offered FT for 2015. I am in Australia if it means anything.
My main concern is that I will be pigeon holed as a real estate guy if I spend too long in it (how long is too long?). I really want to experience a diverse range of transactions across different sectors which I obviously won't get at the current place. However the fund I am at seems set to blow up and get pretty big over the next 2 years and I could make a lot of money and still possibly get the international experience I want. Although the source of the fund 'blowing up' is my bosses mouth so I am wary of being strung along. I also think my pay for the first 2 years will be pretty miserable.
I may possibly get an offer to be a commercial analyst at an energy company too, and the pay there is way above benchmark, but I guess if I tried to lateral across from an energy company into banking, I would still be pigeon holed, just due to a different sector.
Has anyone got a similar experience to this? Or are experiencing it?
I value your inputs.
I'm currently working at a real estate shop in the US doing life company CRE lending and equity placement. In July, I'll be starting at a top MM investment bank as a post MBA associate working in industrials or consumer. I've been in real estate for 8 years. PM me with any questions you have, more than happy to help you get your situation figured out.
When did you get your MBA? How old are you? And was that a hurdle in getting the non RE job
Completed MBA within the past 6 months. I assume you're asking my age b/c I sound like I may be a little too old to break in as an associate. I graduated undergrad when I was 19 and I am now 28. Age wasn't a hurdle (I may be a year or two older than the average incoming associate I'm guessing).
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