New Grad Job Prospect Dilemma
Hi all,
New grad with related CRE internships and looking to navigate between 2 CRE job offers. One is a full time AM analyst role for a decent sized asset manager, and one is an internship on the acquisitions team for a sizeable institutional investor. Both jobs are based in Canada and would start early 2023
I’m much more interested in working in the acquisitions role and it’s where I’d want to be long-term. My worry is that the current economic environment would make it less likely for them to extend a FT offer, and if I didn’t get a FT offer, I’m concerned that the job market would look very scarce in the next few months. I’d be more inclined to choose the acq role in a less uncertain job market, but I’m worried that many CRE roles will be harder to come by.
The AM role is relatively interesting as well, but to a lesser extent. It’s a much safer pick however, and I believe it wouldn’t be too hard to transition over to the acquisitions side after a year or so.
Wondering what people think and any advice on navigating the curent job market as a new grad. Any input appreciated. Thanks!
Have you mentioned the full-time AM offer to the other shop? You can ask them to see what they can do. Otherwise prob much safer to take the AM role & then jump around 1-year mark.
I mean..... FT beats Internship every day of the week.......... I'd say that in 'normal' times, but with market conditions and LPs cutting real estate allocations like crazy, redemption queues full, and deals being cancelled.... Acq is probably the team least likely to extend FT offers right now. This can change and some firms will have open capital and thus hiring needs, but overall, this is the worst part of a cycle to expect to see many jobs in Acq.
AM on the other hand.... plenty of consistent needs. This is a first job out from what you say by context..... you have plenty of time in your career to move around and shift as you need or so desire!
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