UMM Debt Fund offer vs MF AM final round - do I accept and renege?

Received an offer for a UMM debt shop expiring this week; good rapport with the team. Also passed modeling test with a MF (think Blackstone/Starwood/Brookfield) but for their AM team, and have their final round next week; also good rapport. Also have a couple other UMM equity processes but still 2nd round. Ultimately want to be on the equity side at some point, and was wondering if the other potential offers would be worth reneging over (which I personally would rather not do)?


EDIT: Went with debt fund and dropped other places - on balance will be a much more interesting and fun experience.

 

I would take the debt fund all day. This isn’t banking. Nobody cares about the name on your business card

 

My fund (one of the MFs you mentioned) say it is very hard to lateral to acquisitions early on (within 2-3 years) but after that, if you're performing well and the team like you, they will definitely oblige. Also, interesting you had modelling tests for the MFs, I interviewed with 2/3 of those and didn't have any modelling tests out of university.

Good luck with either choice though - both sound fantastic. 

 

Thinking of "UMM" vs "MF" is fairly ridiculous in real estate (I mean, I doubt I or most could even spot the difference.... or care if told). 

So, if you like the offer in hand, take it. Debt funds are awesome places to start, you can do other stuff if you really feel like you must (why is another question).

Is it end of the world to "renege"... not really, but do it based on the actual job! NOT firm name! That is just a horrible way to make career decisions in this space.  

 

I’d prob go debt fund for my personality of working on new deals consistently, especially if it’s a top fund. You’ll also get a glimpse at what everyone in the market is doing, where dollars are going and potentially build relationships with outside shops. Asset management is pretty boring to me. I’m currently in equity acq, but did a rotation in debt before 

 

Vitae eligendi quo iusto suscipit et temporibus et. Aspernatur repellendus velit consequuntur beatae sunt quis sunt. Ut voluptates molestiae quia temporibus perspiciatis. Quidem corrupti delectus ipsam modi vero nostrum sed et.

Sunt temporibus nesciunt harum quidem sit dolorem. Quia omnis natus perferendis laudantium et saepe est. Iusto veritatis aspernatur blanditiis et temporibus. Possimus vitae magni sapiente impedit est. Possimus quisquam quia maiores possimus ut consectetur ut. Cumque quo explicabo excepturi.

Asperiores explicabo repellendus saepe aliquam. Ut cumque voluptas perspiciatis voluptatem. Aliquam eos amet suscipit nulla velit neque.

Quo sed ad corporis doloribus laboriosam. Rerum corporis rerum est accusantium ut.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
CompBanker's picture
CompBanker
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”