REIB Hours/Lifestyle
Does anyone have any insight info for REIB lifestyle/hours at each level? I was under the impression that analysts work 80-90 and associates work 70 hours. Not too sure about VP and above
Thank you
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You will most likely get better traction on this in the IB forum. Most people in here work with direct real estate.
I assume you are talking about working in IB for a bank as opposed to the JLL, Eastdil, etc.? From what I understand you will be working hours similar to what you described. I believe Eastdil used to have general REIB, but I believe that section was taken over by Wells Fargo when they bought themselves out last year.
I know a guy who does RE IB at Wells and works from around 7 am to 1 or 2 am pretty much every day as well as on the weekends. On the other hand, I met a guy this past weekend (can't remember exactly where he worked) who was in RE IB and only worked around 60 to 70 hours a week. I think in RE a lot of it can depend on where you are and what your deal flow looks like.
I’ve got a couple friends that have done RE IB at some point in their career. All solid RE IB shops. On average, they worked about 15-20% less than friends in M&A / Coverage groups. So 80-85 hours for m&a analysts goes to 65-75 hours for reib analyst, 70-75 hours for m&a associates goes to about 60-65 hours for reib associates.
Not a bad gig if you’re interested in RE
Do you know how the all-in comp changes between these groups?
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