To be honest, I have no have no idea what I want to do. My 3 choices are:
PWM
Duff and Phelps real estate analyst
Real estate I banking/PE
What are the chances of getting into REPE with experience at a place like D&P?
Not quite sure what D&P’s analyst program is like. Does anyone know? Any advice is greatly appreciated :)
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My friend had an offer from them and dropped it because they didn't get many deals, mostly advisory. What are you're options for i-banking/PE? Do that over D&P Analyst.
Solid entry-level real estate analyst program (at least out of the Chicago office); mostly middle-market advisory and valuation work. It's a great way to launch an RE career, but it seems like most analysts are quick to jump ship after a year or so. The work is very comparable to any Big-4 real estate transaction advisory group, and guys who leave generally point to low pay and boring engagements (ex. appraising vacant land in rural Indiana).
D&P actually places pretty well within the REPE industry, and the majority of their former analysts land in asset management. My firm's hired a handful of D&P guys (mostly in asset management), but we did bring over a senior analyst for an acquisitions role. Every D&P alum I've worked with is intelligent, hard-working, down-to-earth, and well prepared for buy side work.
With that said, if your ultimate goal is to increase your chances of landing an REPE gig, then the real estate investment banking / PE option is going to be your best bet.
Are those 3 choices on the table right now?
Duff & Phelps RE Analyst (Originally Posted: 08/31/2016)
I've seen a few postings for RE analyst positions here recently and I'm curious as what D&P is like. Culture? Quality of work experience? Deal flow? There was only one other thread for them in the RE section and it doesn't have much info and is 4 years old.
What business line would you be working? I knew a guy who worked on one of their mid-market valuations teams - which I believe is their bread and butter. If you are new to the industry then I think it would be a great opportunity to learn how to value a property. However, I would expect low comp and a nerdy culture (compared to say, brokerage or acquisitions).
I'd reach out to some formers on linkedin, I know a guy that hating D&P's real estate program.
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