Comments (15)

 
Oct 2, 2012 - 4:27pm

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 - 3:23pm

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 - 3:54pm

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.

 
Jan 21, 2015 - 9:44pm

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.

 
Oct 24, 2017 - 11:35pm

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?

Array
 
Best Response
Oct 29, 2017 - 12:44pm

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.

Start Discussion

Total Avg Compensation

September 2020 Investment Banking

  • Director/MD (17) $704
  • Vice President (45) $323
  • Associates (255) $228
  • 3rd+ Year Analyst (37) $203
  • 2nd Year Analyst (141) $153
  • Intern/Summer Associate (133) $141
  • 1st Year Analyst (561) $129
  • Intern/Summer Analyst (544) $82

Leaderboard See all

1
Jamoldo's picture
Jamoldo
98.3
2
LonLonMilk's picture
LonLonMilk
98.3
3
Secyh62's picture
Secyh62
98.2
4
CompBanker's picture
CompBanker
97.8
5
Addinator's picture
Addinator
97.6
6
redever's picture
redever
97.6
7
Edifice's picture
Edifice
97.6
8
frgna's picture
frgna
97.5
9
NuckFuts's picture
NuckFuts
97.5
10
bolo up's picture
bolo up
97.4