Comments (15)

Jun 26, 2012

I don't know about the programme but Tishman is a superb firm to work for in terms of calibre of people and types of projects.

Would be interesting to hear other people's thoughts.

Jul 24, 2012

i can help. what are your questions?

Jul 24, 2012
carriedinterest25:

i can help. what are your questions?

Hours? Competitiveness to he an offer? Quality of experience? Pay? Opportunity for advancement? Exit opps? Responsibilities?

Jul 24, 2012
carriedinterest25:

i can help. what are your questions?

I have no shame in asking about comp. How is it structured, what are some rough numbers at the various levels of seniority, etc?

Oct 2, 2012

I had an "informational interview" regarding this program, set up via a close family relationship. They told me the bottom line was that they basically take a handful of people solely from the top 3 business schools in the US (and I believe London BS) and that's it. So yeah, competitive and would be a great start to a career. Don't listen to the naysayers regarding Tishan Speyer's rep being tarnished by the Stuy Town debacle, it is greatly overstated here. A lot of sophisticated investors got burned in the market collapse. TS put up so little of the equity in that deal that they came out relatively unscathed.

Oct 3, 2012

Great firm, great program, great reputation, great expereince... they don't only take people from top 3 business schools though, they take people from northwestern and other m7 places on the regular (I've known a few)... The mba thing doesn't really matter though - it's still very selective. One draw back is I've heard that the pay is relatively low and stays that way for a long time (i.e. until you get large carried interest checks as an MD). Granted you'll still get paid more than you would at 90% of jobs, but less than you would at most GPs/ fund managers. Anyone else heard that about Tishman?

Oct 3, 2012

Yeah, real estate owners/operators definitely do not pay nearly what you'd make at a fund unless you are very senior. A lot of these are family run businesses that got big did so by being frugal and making good deals, and that extends to how they pay their talent! I unfortunately have experienced this first hand,

And you're right, M7 sounds about right.

Feb 10, 2014

What does the comp look comparing to other MBA jobs like IBD or consulting? 10% down or 20%?

Jan 21, 2015

Wanted to resurrect this thread - does anyone have any information on what someone entering the LDP out of M7 can expect to make all-in in 2014? Would also be very interested in any first or close second hand experience with the program in terms of work and development.

Feb 17, 2015

My friend received 110K Base for the Leadership Program in 2013. Don't know about the bonus.

Oct 27, 2017

That's pretty weak tbh.

Oct 24, 2017

Old thread, but I believe the current comp for the LDP is close to 130k+bonus.

Oct 24, 2017

Does anyone know the timeline for recruiting experienced undergrad hires? They used to hire straight from undergrad, but now they're starting their analyst program with kids with 1-2 years of RE experience. Anyone know about this?

Oct 29, 2017

IF you're in this game for the long haul its a VERY legit program. It's true you'll be paid literally nothing so if you have short term cash flow problems its a hard no. But if you don't and you know you want to be in RE for a long time, I highly recommend it. You generally get moved up to "director" very quickly, which also pays shit, but is a very solid title to trade off of for a number of real estate related career paths. Even getting to "senior director" and "managing director" doesn't take that long... Also, stating the obvious, you'll learn a ton and become highly credible. Basically everything about it is good other than the pay, and real estate is a long game not a short game.

Oct 29, 2017
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