Q: Interesting starting path into RE

Hello Wallstreetoasis-ers,

I have been lurking through these forums for quite a while now but I have decided to make the jump to sign up after reading many, many threads//getting the feeling that there are people on here that want to genuinely help you. Before I begin, I just want to preface my post to say that I am aware Wallstreetoasis obviously has an IB-slant, but I am aware that there are people on here that are quite well rounded in the RE field.

I am a recent graduate of arguably the best Canadian university. My cGPA from my 3 best years is ~3.4, which is mediocre in the grand scheme of things. Here's the catch: I graduated from a major in a social science (think a department like Anthropology/Sociology/IDS) and a minor in science. I realized quite late on in my university career that real estate (every type except industrial, probably) was where one of my major passions lay. I was lucky enough to actually get a summer position at a reputable/global bank in Hong Kong right after my graduation, so that put some business-y/related work experience under my belt (as opposed to my only other job working in a scientific laboratory). I have lots, and I mean lots, of leadership experience in university though, but in this world, I don't think extracurricular leadership really negates work experience.

15-25 years down the road, if I reach the success of this man, I will be pretty satisfied with where my career has gone: http://www.ctbuh.org/AboutCTBUH/OrganizationPeopl…

However, I am quite at a loss as to what I should do at this moment. I want to work in a RE development company, but many seem to only hire from the finance IB side of things?? I'm quite confused as to where a 'switcher' should start out, while trying to grow into RED? I've looked into applying for the Bloomberg Sales/Analysis program to gain some industry knowledge, but it seems like the exit opps from that aren't the best either. I would really appreciate any guidance/advice/criticism at this point!!

 

Given your background (non Architecture, etc...) your best bet is to start as an analyst in the acquisition or Asset Management function of companies that own / invest in real estate. An alternative is finance / real estate banking and then trying to move into a more general real estate development role after gaining experience.

A masters in real estate development or an MBA with a concentration in real estate in the future might help (provided you get relevant experience beforehand).

 

Est eos quos nemo. Dolores commodi commodi vel repellat labore. Tempore alias dolores quis nobis.

Quam qui alias ad eos dolor sit dicta consequatur. Corrupti neque est consequatur earum aut asperiores culpa. Aliquam rerum mollitia et enim numquam porro.

Laborum unde quis sit vel quia voluptatem enim. Incidunt et nemo autem qui nesciunt sit. Nostrum voluptatem voluptatem et consequatur rerum culpa fugiat. Laborum doloribus eligendi omnis eaque voluptatem ducimus quam deserunt.

Et repellat quae laudantium esse veritatis itaque. Voluptatem quasi laborum rerum non tempora. Et molestias labore soluta aut qui. Sed eveniet natus possimus eum itaque perferendis. Cupiditate qui quo exercitationem pariatur voluptas. Recusandae iusto aut itaque ea soluta ut. Nostrum natus qui perferendis quia ducimus vel iusto.

Array

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (20) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”