Generalize or Specialize (Early Acquisitions Career)
I have similar job offers for an acquisitions analyst role from two mid sized private equity companies. Their business models differ in that one of them invests in only multi family and the other invests in all asset classes (multi family, storage, industrial, retail, etc.). This is my first professional exposure to acquisitions and I can’t decide if I want to begin my career as an acquisitions generalist or if I want to specialize in multi family acquisitions. Multi family is my favorite asset class, but I feel it would be smart to learn acquisitions for all asset classes early on. Do you recommend beginning my career as a generalist or multi family specialist? 

Thanks in advance!
[{"id": "i7hxy8m", "text": "Just starting out, I would go with breadth. Getting experience in all different asset classes gives you that experience to go anywhere and understand the business of each asset class. So many times (I don\u2019t care what industry), hiring managers are afraid to hire someone who hasn\u2019t \u201cbeen there, done that\u201d even though you may be a bright hard working person.  Real estate has a lot of commonalities across asset classes,  but there are enough nuances that if you have that experience in each class, a future company won\u2019t shy away because you haven\u2019t seen it.  The caveat is pay. If the multi-family only shop is paying 20+% more pay, I would probably take that.  That sets your base pay for every job you take after that, both at that shop and new ones.", "replies": [], "depth": 1}, {"id": "i7ih8mu", "text": "Nah go for breadth and transaction volume. That and culture are the only things that matter in the first few years.", "replies": [], "depth": 1}, {"id": "i7jr798", "text": "Breadth for sure - particularly because the other option is only multifamily. MF is the simplest of the major asset classes and easiest to switch to from another specialization.", "replies": [], "depth": 1}, {"id": "i7ye0fn", "text": "No way....if you are good at multi family, stick to it.  No one wants a generalist, I can hire someone off the street to do that.  Be an expert at what you know and love and you will be fine.\n\n&amp;#x200B;\n\nTH CCIM", "replies": [], "depth": 1}]