Senior monkeys and real estate gods, I am a senior in at a semi/target school, with a decent GPA, who always found investing interesting. I dug deeper into this and decided that I want to pursue real estate investing to start my career. While there are pros and cons to being at a large fund vs. a local investor or developer, I have realized that I would like to have an aerial view of real estate instead of focusing on a specific market right away. Thus for internships, I managed to work at multipe well known global institutions (think life co, pension funds, endowments, sovereign wealth funds
18 May 2021
I'm wondering what everyone thinks is the best way to get "better" and more knowledgeable about real estate, especially given it's not a super academic field that you can necessarily learn from a textbook. Specifically, trying to move from a lesser-known LP to a larger "MF" LP or acq role at a large developer. I read ~an hour of RE news every day but tbh stories can get repetitive (any recs for more technical RE news / info sources is welcomed). Could just work longer hours but don't know if tweaking more models and formatting more graphs is the best marginal use of time. Curious to hear your
14 Dec 2020
I am a fourth year student major in finance with residential real estate background of owning one rental property, did an internship as an analyst for six months at a company. My school does not have a real estate program. I am looking into acquisitions where I want to develop my skills and to eventually set out on my own to do syndication in multi family. I am looking for an analyst role to break in but I am not sure how. My grades aren't the best as my GPA is at 3. Although, I was able to generate capital to fund my first rental while in school full time and do some "wholesale" deals in
24 Dec 2020
I'm graduating in May 2021 from a target school. I've had a few internships in capital markets in top markets and top advisory firms. I've gotten five interviews so far at top REPE firms and REITs and have been rejected from all. One thing I've noticed throughout all interviews is that all interviewers have asked questions such as "how did you get into real estate/how are you so successful so far/where are you from?" along with telling me "we look for candidates with a strong education and great backgrounds/the culture of our firm is to get to know everyone, and their families". My family is
22 Oct 2020
I recently decided to pursue a career in commercial real estate (Switched major from Acct to Finance Fall of Junior year) and started applying for analyst intern positions at the big firms (CBRE, JLL). DIdn't get any responses from the big firms but managed to get an investment sales internship at a mid-sized brokerage. Basically it's a tryout to see if I am fit to start as an agent/broker with them. It's an unpaid internship and their brokers are 100% commission from day one. I was at their office and its very much like Marcus&Millichap. Young people calling their ass off, CRE version of wolf
03 Mar 2021
I'm currently interviewing for a position as an acquisitions underwriter. Doesn't this role have similar responsibilities as an acquisitions analyst? The company I'm interviewing for has both positions, and I'm not quite sure what the difference is.
27 Jul 2021
What is the typical real estate acquisitions analyst base salary in Los Angeles? I heard of people in New York making $120,000+ in this position. Just wondering what is market over here, and what to counteroffer if a company offers lower than your expectation (say, $75,000)? Would it help if I were to get a master's degree in real estate?
29 Jul 2021
What are some "prestigious" commercial real estate career paths in the capital markets world that aren't geographically constrained (like investment sales) for those who are natural salespeople or prefer a "marketing" type role. Acquisitions is generally the "sexy" route but it seems as though you're not really using a sales/business development skillset beyond convincing a broker to award you the deal or pitching investment committee. I know most CRE positions eventually become more business development-like at the senior level but what about starting out? I've looked into real estate capital
29 Dec 2020
I had a bachelor degree of urban planning from an Ivy school and started out re career after the graduation. The company I worked for was a newly established repe firm one hour from NYC and the owner is now planning to sell it. Why did I know it? On my first year anniversary, The owner asked me to do the business valuation for him and my only 'prize' is to know I'm going to be unemployed soon... Alright, so I started looking for opportunities in NYC and other metropolitan areas. However, I didn't get any response from HRs when I saw the job specs fit my skill set, and I always followed the
14 Jun 2017
I looked around and I couldn't find a recent post covering this so since it is relevant to my current position, I was hoping I could get some advice from you guys. What would be a better place to start a career in real estate? Analyst at a debt and equity placement group (think Northmarq, Berkadia, HFF) where I would get exposure to all asset classes. Analyst at a mid size REPE firm (On their second fund, raised ~300 million, expecting to start next fund soon @ $400-500. Only focuses on one asset class. Do not do any ground up development, but they focus on value-add and opportunistic. As an
28 May 2016
I'm a recent grad from a competitive liberal arts undergrad (think Colgate, Bucknell, Kenyon, Richmond, etc..) and long time reader of WSO. I have a degree in the social sciences, but have been networking for the past year within the financial services industry (no SA internship). I have 2 offers that I am currently deciding between: A. Middle/Back Office Internship @ very well-known hedge fund in the NY area: - This would be paid and has a duration of 4 months till March. - The Fund has helped past interns find positions at other firms (F.O. positions included) B. Credit Analyst at BB in one of their real estate lending groups. - It's an actual job (FT offer); not an internship.
18 Oct 2011
I have a REPE first-round interview for a summer analyst program in a top 10 REPE group. I am an undergraduate junior where I currently have a concentration in Finance (taken 1 general finance class) and a previous minor in Real Estate from my prior institution before I transferred. I have no work experience in Real Estate or Finance and have only ever worked on my own ventures (2 successful) and 2 start-ups where I was a summer intern for both. Did they pick me out because of my ability to adapt and learn quickly for my ventures and the start-ups I worked at? What questions should I expect in
24 Oct 2021
Hey WSO, I have an upcoming superday with JP Morgan's Real Estate Banking group (not IB, mostly commercial lending), and I was hoping to get some questions answered... 1) Is there anything unexpected I should be ready for outside of the traditional REB superday (analyst, associate, VP, MD interviews, some RE/underwriting technicals, etc)? 2) What is the career progression for an entry-level analyst in this department? I know they move analysts into credit banker, underwriter, and originations officer roles, but I'm a little unsure about exit opps, hours, and salaries/bonuses at these levels.
08 Dec 2014
Hey everybody. I just wanted to post on here to get some advice. I have been trying to land a full time job offer. I am a postgraduate currently interning at a boutique brokerage firm doing mainly grunt work and research. I've been applying to a lot of analyst positions and have been making it to the 2nd round on a decent amount. Have gotten interviews with C&W, JLL, Colliers. I have found that I just can't seem to make it through to the end to land an offer although I have been getting some solid looks. These have been capital markets, research, and brokerage teams. The property types that
05 Oct 2021
Hi all, I am researching this position and wanted to know where it could lead me after a few years out. I am fairly unfamiliar with the commercial real estate finance industry so I wanted your opinions. The position would be in Debt Financing, analyzing commercial RE loan transactions; assisting in structuring in debt solutions for borrowers; prepare cash flow analysis, valuation/comparable analysis, investment committee submissions and offering memoranda. From what I am told, the position involves a heavy dose of modeling though I would also be expected to maintain relationships with banks, conduit lenders, mezzanine and private lenders, debt funds, etc.
25 Jan 2012
Hey guys, long time reader but first time poster. Really in need of advice so hope some of you will be generous enough to share your wisdom. I've been a Housing Analyst for past 2 years at a bankrupt financial firm. No future here. I've been presented with an opportunity at a large Japanese investment bank, a Business Analyst role. There is a significant pay increase (at least a 40% bump in salary). As always, there's conflicting advice. Some people say to go for the money, others say its more important to focus on staying on your career path. I would really love to hear what you all have to say. What would you do? Quick Bio: 24 years old BBA in Finance, low GPA Continuing Education - 2 certificates from NYU, Real Estate Finance and Credit Analysis
27 Dec 2012
Is anybody familiar with the kind of work an entry-level real estate analyst at an insurance company (such as northwestern mutual) would do, compared with a real estate group in another asset manager like RREEF, PREI etc? Basic job description is supporting the investment underwriting process, working with producers to prepare deal submissions, and providing analytical support to RE portfolio.
12 Oct 2012
I'm currently at a Big Four in London, finishing up my ACA (local accountancy qualification) having started in audit and then moved to a financial advisory role. I've been exploring front office analyst opportunities primarily in equity research and corporate finance as well as a bit in funds but yesterday spoke to a recruiter who introduced me to real estate funds. Frankly this is one area that I've neglected in my research somewhat (though of course I am aware of funds that invest into large real estate projects). The recruiter gave me somewhat limited info and I've not had too much luck
29 Jul 2015
I'm actually in a weird situation, and will structure the background of the story in the form of cliffs for easy reading: -Graduated in May 2012 with Finance -Interested in getting into commercial real estate (development, acquisitions, etc) -Looked for analyst jobs but saw that they all required relevant RE experience -Got hired on as a client accounting intern in a big CRE company to get foot in door of industry (think CBRE, Jones Lang Lasalle, Cushman Wakefield etc.) -They will promote me into a client accountant with my own properties within the next couple of months. Q. Ultimately I'd love to obtain an analyst position sometime in the future. How should I go about this? Stay in the firm as an accountant for a year then apply for analyst positions in different firms?
18 Oct 2012
Does anyone out there know anything about Amstar Group LLC in Colorado? I have an interview coming up but know very little about them, other than the fact that they currently have about 2.2 billion in assets and other data that is published on their website. I am looking for information about their reputation, prestige, compensation, really anything you have to offer.
03 Jan 2013
Im from Mexico and im looking to work in the USA as a Real Estate Investment Analyst (i have 3 years of experience), but it is difficult since recruiters don´t even read my resume/CV. Any advice? Maybe CFA accreditation may help??
06 Apr 2020
I'm looking to include a cost segregation component in my multi-family acquisition model to quantify the additional cash flow received from the accelerated depreciation of personal assets that are grouped with real property assets. Any insight is appreciated, thanks.
23 Nov 2011
I've been interning for a firm that does RE private debt and equity placement (construction, bridge, mezz, JV). I'm trying to get an idea for what one can expect to earn in compensation working at a shop like this. I'd say we're in the lower middle-market. I've researched this topic but there are few data points on it. Anyone know what an analyst (and associate, VP, etc.) can expect to earn with base + bonus in RE private debt placement? I don't want to go into salary negotiations blindly.
11 Feb 2018