Deleted deleted deleted deleted deleted deleted deleted deleted deleted
Deleted Deleted deleted deleted deleted deleted deleted deleted deleted Deleted deleted deleted deleted deleted deleted deleted deleted deleted Deleted deleted deleted deleted deleted deleted deleted deleted deleted
Generically, "sellside" roles will get hit the fastest as transactions dry up and thus fees dry up and thus the money/reason to keep people employed. If you live on fees, and fees die, well..... (note appraisers/consultants can be somewhat insulated from this as there are needs for those reports/work in downturns, sometimes even more so).
In the "buyside"... yeah, acquisition and/or capital markets would be first to get hit, but needs to be more severe for this to be the case. What often happens (like in larger firms back in 08-GFC), the "transaction" type people are more or less forced to do asset management work (i.e. keep job to help fix their fuckups but lose big upside bonuses until market improves).
Of course, if a firm is going insolvent... all bets are off... everyone is screwed.
The key is being very valuable to the organization so they fear losing you and are willing to "eat" your costs in downturns due to value in helping keep the ship right side up and ability to expand once times are good again. If you are a lower end performer..... you will be first out the door regardless!
Thanks for commenting. So what would you say is the most secure? The job that’s always needed during booming times and recessions but also pays well?
appraisal and valuation, just the regulatory requirements of banks makes this almost always needed.
Property management is probably the most secure job. You always need someone to manage a building. The fees are very steady and don’t go away in a recession.
Lol this mf crepassion96 made a new account it seems like
What?
That’s not me dip shit. This is me. crepassion96.
Responding to yourself from a different account. That’s a new low.
dunno on this one, considering he replied 2 minutes after a post that didn't actually tag him (its not blue).....
Either way... OP.... its a good question, hatters gotta hate, don't them them get you down!
Lol responding with this account just proved the point LMAO
Pretty sure this is burner #3. "Justtryingtowork" magically popped up last week shortly after he got told to cool it on creating new threads.
Guy needs to stfu and focus on his loan AM job. At least for a year.
Literally my first thought.
If you're worried about job security and risk, this may not be the forum for you and typical front office CRE roles may not be the jobs for you.
Honestly, these troll battles are annoying yet so fun to read at the same time. Life at WSO lmao
CMBS originators often get cut p quickly ... lotta popping around in those seats
Heard the same thing from a former coworker doing loan originations now. Said CMBS markets can be brutal with the cyclicality. However, he did graduate around 13/14 so that may have played a part when distress was big.
can't believe i haven't seen dev mgr/dev analyst yet
Any job at a Lifeco is probably the safest in CRE
Safest jobs are going to be some form of government appraisal/ valuations work I'd say. Unless you fuck up yourself, it's tough to get laid off. Of course, low risk comes low reward in this sense.
Impedit libero et accusantium excepturi illum. Non dolor laudantium ut sint consectetur voluptatem dolorem.
Est perferendis sint nemo necessitatibus. Laborum dolorem vero dolorem. Non veniam excepturi nisi dolorum fugiat.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...