Why REPE?
Just curious why you went into REPE and what were the reasons for that career path.
Why do you find the job so interesting and dynamic?
Just curious why you went into REPE and what were the reasons for that career path.
Why do you find the job so interesting and dynamic?
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Career Resources
So that I could say the word Repe all day erryday. *also I use prestigious "reap" instead of "we pee"
The only correct answer. I joined so I could tell random people I work in "reap" and post "REPE" whenever possible on WSO.
Because fuck Goldman Sachs, that's why!
I couldn't get into IB.
REPE checks off a lot of my boxes:
1. Work/life balance: For the most part I have my weekends free (or mostly free).
2. Learning/Deal repetitions: I get to see ~10 deals per month compared to developers that may only have 1 or 2 projects per year. This is a high priority for me as I would like to work on my own deals at some point and seeing so many investments, why they may or may not work, how to finance them, etc gives me a lot of knowledge when I do go off on my own.
3. Compensation: Relatively well compensated and arguably better compensation than other finance fields given the work life balance
10 deals a month?! doubt the average REPE will see that
Jokes aside what's an interview level answer you've used for why REPE?
So I can tell people I work in Private Equity. Oooh fancy
yup says the guy working in LMM / brokerage LOL
I just started in REPE last week 😜. Keep hating
Worked in development as an analyst. Found it way too slow and I was focused on multifamily in one city. Wanted to get much broader transaction experience across different property types, across capital structure, and a wider market to invest into so took a job in REPE. In REPE, with the right firm (supportive seniors / lack of hierarchy / lean teams) you can grow very quickly if you’re doing a few deals a year as you can keep taking on more and more responsibility. I got lucky in that I did 10 deals over 2 years as an associate, I got promoted to VP after those 2 years as by deals 8-10 I was taking on VP level responsibilities.
The learning curve is flattening a lot now - after 10+ deals you find most traditional deal formats boil down to arguing the same points, and the new deal process is pretty cookie cutter until you get into exclusivity. Will stick with it for another 1-2 years as will see distressed deals which should offer additional learning opportunities and round out some transaction experience gaps. Once the economic / geopolitical solution improves I’d like to transition back to development. Don’t want to do REPE long term, I’m not a transaction person and want to be closer to the creation / implementation of the business plan, rather than just assessing / investing in someone else’s.
I could not get into IB
Chicks money power and chicks
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