Advice: Moving from agency research to investment analysis
I currently work for an agency/brokerage in research looking at take up, prime rent etc. However, I want to move into investment. I have a good understanding on the leasing market and would really appreciate some advice on what I can do to take the step across into investment (it seems learning how to financial model is key)
[{"id": "d40mi8s", "text": "Which brokerage and how long have you been there? ", "replies": [{"id": "d40o6im", "text": "A niche one in London but it's not small - we have about 30 employees. I have been here about 18 months. Prior to that I was working for a data provider for 18 months (same as but not Costar). \n\nI have applied for various PE and fund roles, however, without previous experience or modelling experience I am not having much luck", "replies": [{"id": "d40vrui", "text": "You may have to an analyst role at a mid-size CRE firm. That will let you work with a mentor who can get you up to speed to step into a direct investment sales role.", "replies": [], "depth": 3}, {"id": "d43lfbp", "text": "I am in a similar position, moving from a research role into an investment team without financial experience. Everyone I talked to said the finance side of the job was equivalent to 8th grade math, but when you are applying against people with MBA's and masters in RE finance it does not really matter how quickly you can learn.\n\nI would avoid PE and Investment Firms because that is where the tough competition is applying to. Instead, I found success in emailing/cold calling brokerage teams and developers out of the blue. I have secured many meetings and made a huge web of potential opportunities doing this. They may not be hiring at the moment, but if you take this approach and keep in touch with them every few weeks I'm sure you can land something over the next few months. ", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}]