Acquisitions &amp; Underwriting
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[{"id": "cyd6axv", "text": "I'm a finance guy who transitioned into acquisitions.  How?  Good at creating / understanding valuation models, and berry good with a spreadsheet. ", "replies": [{"id": "cyd6iiz", "text": "That's kind of what I'm thinking. I work in securities now but I might move into corporate finance and THEN real estate.\n\nMind if we chat via PM?", "replies": [{"id": "cydeb1u", "text": "Stratos@lmfa.com ", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "cyd6c8d", "text": "Very, not berry.  F-ing autocorrected. ...", "replies": [{"id": "cydc8at", "text": "Berry berry good \nhttps://youtu.be/i19rlHmAkUA", "replies": [{"id": "cydecjz", "text": "Berry berry nice! ", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "cylbn5n", "text": "Having a finance or business undergrad degree is sufficient. Some companies will get you up to speed with the basics of how to create a valuation model, while other boutiques prefer experienced underwriters. Good luck!", "replies": [{"id": "cyliaz5", "text": "Really? It doesn't feel that way here in the NYC metro.", "replies": [], "depth": 2}], "depth": 1}, {"id": "cylgqjk", "text": "The easiest way is to know someone. The second easiest way is to focus on smaller shops since the big firms get hundreds of applications for these positions.\nFinally, dont be exclusive to brokerage firms (though you seem to already know this). Developers, investors, lenders - they all underwrite deals.", "replies": [{"id": "cyli9ov", "text": "Thanks! Ya it seems that while bigger companies will have the jobs there's more people looking for them.", "replies": [{"id": "cyljl12", "text": "also, just from my experience, a majority of those positions posted by the big corporate firms are already filled.", "replies": [{"id": "cyo1g4e", "text": "interesting. i've heard that before. \n\nwhat types of shops are easiest to get into?", "replies": [{"id": "cyo3zk4", "text": "It's hard to say since each market has different activity. I woulds suggest being open to relocating depending where you are now. I struggled to break into the large northeast markets, so I started applying to positions in secondary markets. I was able to secure something with one of the top 3 global brokerage firms. Since its a secondary market, there are much less brokers and I was able to develop very good relationships, be more involved with projects, and ultimately learn more. Now 2 years later I am beginning to search for a larger market, and have been getting many more call backs now that I have experience and a respected firm on my resume. ", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}]