I have an offer from a GSE as a capital markets analyst (Rotation).
I'm a little concerned because all I see are people from regional colleges near D.C, although I think the company/position is prestigious.
Is starting a career at a GSE a good choice? Would working as a market analyst still pigeonhole me when I try to exit into other opportunities?
| +76 | LP coming into deal at higher land basis. How to model returns to GP? | 17 | 10h | |
| +70 | Major Decisions | 13 | 9h | |
| +63 | Increasing RE Industry's Cash Compensation, Collectively | 40 | 16m | |
| +28 | Niche down to an operator or stay an allocator | 9 | 2d | |
| +24 | Breaking into CRE late 20s | 7 | 2d | |
| +22 | Self Storage ECRI | 9 | 1d | |
| +20 | Doom Loop or Creative Urban Reemergence? | 3 | 5d | |
| +19 | Thoughts on joining an early-stage REPE fund | 6 | 3h | |
| +18 | 3 Hour Condo/Rental Excel Test - What Can Be Expected | 2 | 3d | |
| +18 | How to get good at RE Modelling? | 14 | 13h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
For Christ's sake. Who is telling all these prospects that their first job has to be perfect or you'll be pigeonholed? I've said it before and I'll say it again, pigeonholing doesn't occur until you are AT LEAST 5 years into your career, you have too much time to be worried about that nonsense.
"I'm a little concerned because all I see are people from regional colleges near D.C, although I think the company/position is prestigious."
I'm sorry but this is a ridiculous statement. Why are you concerned with where the employees went to school? If you like the position and company, why would anything else matter? You need to spend less time on the IB forum, worrying about rankings and prestige and all that.
GSE is a great career starter, are you interested in doing CRE as a career? In any way, I started out doing agency originations and used that to land at a MM repe firm doing a hybrid of acq/am. You build plenty of relationships and you become pretty knowledgeable about agency financing. THAT IS NOT TO SAY YOU WILL BE PIGEONHOLED AS AN AGENCY GUY. You simply continue to build your knowledge at each company/role you are in. My current firm plays across the capital stack and while I did not even know what that meant when I was doing agency, I took the time to learn and now not only do I have an agency background, I now have experience in investments across the capital stack, getting a mix of acquisitions and asset management. I certainly do not think my agency background "pigeonholed" me in any way, shape, or form.
How did you get to MM repe from agency originations? I would say being at an RE PE is my end goal, but just wasn't sure if starting as a capital market analyst at an agency was good/relevant or not. I also have other strong offers, thus the reason for asking such a question because the offers I have right now are less niche I'd say (FP&A, Big 4 advisory etc).
Not the guy above, but any experience is relevant when it comes to REPE. Capital markets analysts go to the buyside all the time.
If anything, you will have good experience for a multifamily-focused REPE firm
What would be some other routes that capital market analysts, esp from GSEs take from an agency?
Hah. Absolutely agreed with this guy, albeit he sounds angry AF.
GSE is a legit career choice. I was in GSE lending at one of the top 3 shops and now at a 20B+ AUM REPE fund. So no, you won't pigeonhole yourself. It all comes down to personality.
My old colleague, still at said GSE lending shop, came from IBanking. She's been at the GSE ever since, must be 8-9 years now so I'm sure she must be compensated appropriately for her to stay that long. She has no intention of joining the equity side since GSE offers her a great low stress lifestyle already. By the way, I believe she attended one of the "regional" colleges in the city.
Seriously, if you're in RE to be "prestigious", you should consider another career haha. I've met a couple RE people who are into this prestige bull shit, but I would not put them on them anywhere close to the list of impressive RE people I've met. RE is a people skill industry my man, you're just putting people into buildings and try to keep them happy. It ain't gonna take a HYP degree to do that...
Adipisci exercitationem unde magni molestias vero. Ab consequatur quia eos qui. Officiis aliquam voluptatem accusamus ut labore nobis architecto.
Accusantium doloremque amet rerum corrupti enim. Sit occaecati totam nemo cumque autem repudiandae vel.
Quia quod iusto consequatur quia. Quia mollitia et iusto omnis error sequi. Quidem sunt ut inventore quas rerum.
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...