Has anyone gotten an interview with Blackstone REPE yet?
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Career Resources
Stop caring so much. If you don’t have a chance, it’s because you’re trying too hard.
I don’t mean trying too hard as in reading too much, speaking with too many people in the industry, practicing modeling too much... those are all good things to do.
I mean being overly eager to land an internship, trying too hard to be “high-energy” when that’s not really your personality, thinking that somehow your life will be meaningfully better if you land at a firm like Blackstone as opposed to PGIM. Or posting a topic like this on WSO when it does absolutely nothing to get you closer to achieving your goals.
Just study up on your real estate knowledge, relax, ask good questions, and be yourself. Treat the employees at these companies like normal people... because they are.
Sometimes less is more with these things
I was w/ you until the comment about your life not being meaningfully better if you land at BX as opposed to PGIM. The reason that there's a misguided predisposition to being over-eager is because of that fact. The rest of the advice is spot on.
I stand by that part of my comment for a couple reasons
1) I’m thinking about your life as a whole, not solely your career. If you’re talking about working as a checkout guy at 7-11 versus working in private equity, those are two jobs where there is a massive difference in quality of life.
But we’re comparing two high-paying, entry level jobs at well known real estate private equity funds. If you think your overall life is going to be significantly better because your first ever job is at a bigger fund, then we probably disagree about where most of your life’s happiness should be coming from.
2) If you’re that good at what you do, it’s not going to matter if you land at Hines or a well known regional developer for your first job - you’ll probably figure it out and be successful either way. And if you’re not good at what you do, you would’ve crashed and burned at Hines. So why stress about having your first job be at Hines? Your first job doesn’t define you. Yes I realize there are some benefits to starting at a bigger name company, so obviously you should go for it. But it’s not do or die.
The CEO of Sabra started out as a community manager at a senior living facility and I’m sure there are countless other stories just like his. I wouldn’t beat yourself up over Blackstone vs PGIM
Probably one of the best comments I’ve read on WSO here
Puts things into perspective
Adding the Rick Matros (CEO of Sabra Healthcare REIT) interview that talks about how he got his start since this got some attention. Interesting read: https://leadership.seniorhousingnews.com/rick-matros-chairman-ceo-of-sa…
Agreed, except for you comment about how being at BX is not much better than being at PGIM. BX sets you up for different career trajectory.
Relative to being unemployed or being a cashier at a gas station, there is little difference between PGIM and BX. Within REPE (or even finance generally), BX is significantly better.
You don't have a chance, keep dreaming, you non-target.
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