First round interview with JLL Capital Markets Internship
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[{"id": "io1zeng", "text": "No clue. Just remember to be clear in what your expectations are in the job opportunity and your future career. This business is a long game\u2026 choose wisely and start early.", "replies": [], "depth": 1}, {"id": "io2c3vn", "text": "Why real estate? You can sell this a number of ways, your great grand pa bought your town, you became friends with your landlord in college and helped him with some bs, your mentor is in the industry, you read a book, your daddy and mommy got you the internship, etc\n\nTalking about love for numbers!  And how real estate is both a local and global business (capital flows &amp; markets). \n\nIf you are a frat bro, talk about how other frat bros have had success at jll, and you will use those connections to do big deals with your other frat bros.  I kid!! But nepotism still wins in 2022!  Reason you see so many idiots in brokerage, not always skill to execute!", "replies": [], "depth": 1}, {"id": "io2u104", "text": "I did a JLL interview a few years ago, it was a 2 day event. They had a happy hour with some of the team members the night before, and then the next day was like 4-5 rounds of 30 minute interviews with different groups where they ask you standard interview question, honestly it was exhausting. One question I rememebr being asked was \u201cwhere would you invest right now and why?\u201d But otherwise it\u2019s a bit of a blur, good luck! They weren\u2019t hard or tricky questions, the process was just a little long and draining", "replies": [{"id": "io4ik1t", "text": "Asking irr, moic, dscr and what asset class or location you will place your money in is exhausting?!  Is this a joke?!!\n\nYou should have a basic understanding of finance terminology!  The second question is subjective!  You can give any answer you want, even be a contrarian!  For example, I would focus on life science or healthcare because those have done well in recent times.  Maybe even say office, due to opportunity to buy at a discount if you have balls of steel and believe folks would come back soon.  You can even make it about a,b vs c buildings due to credit of tenant type in each sector!\n\nIt\u2019s extremely frustrating to work with idiots who got jobs in CRE through family and friends.  Can\u2019t add any value but know how to get on their knees,play golf, with bosses but actually add no value!!!  We need these types out of the industry, and to be truthful, you sound like one!!!", "replies": [{"id": "io57sye", "text": "Lol I meant the 2.5 hours of straight interviews with 8 different people was exhausting but for sure dude", "replies": [{"id": "io59l56", "text": "That\u2019s part of the process!  Enjoy it!  And if you are prepared you will be running circles around the interviewer asking you basic ass questions \ud83e\udd23\ud83e\udd20", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "io2v9nk", "text": "Hope you nail it. If you get in with a top flight cap markets team at JLL or CBRE on a permanent basis, that's basically a guarantee for \"fuck you\" money in the future. Best of luck. If they ask where you'd invest just say multifamily. That's always a safe answer.", "replies": [{"id": "io82ocj", "text": "How so? What sort of money can be made in Cap Markets?", "replies": [{"id": "io8dbym", "text": "A full fledged team member that services a broader region can easily make several million dollars per year. I knew a guy who ate the shit sandwich as a production analyst for a decade and now that they made him a full split he'll never have to worry about money again. Getting in a position to possibly take over a retiring team member's spot involves a lot of hard work, a good attitude and a decent amount of luck.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "io2waje", "text": "What office?", "replies": [], "depth": 1}, {"id": "io2zowx", "text": "If it\u2019s a former HFF team, expect to meet every member of the team before being extended an offer. They\u2019re heavy with the technical questions as well - understand how to mentally calculate cash on cash, IRR, etc and the differences between the metrics. Being able to explain what a cap rate is, you thoughts on the market, etc.", "replies": [], "depth": 1}, {"id": "io35zn4", "text": "Learn the basics of how to size a loan And relationships between DCR and LTV", "replies": [], "depth": 1}]