Advice in Career Path Pls: Asset or Investment Management
At an analyst level, which would you choose and why in regards to long-term career flexibility and what your own end goal is. Would like to hear some subjective insights as I am quite uncertain on how both roles will play out. Thanks

// edit: sorry wasn’t clear but covers more portfolio and investor rather than acquisition
[{"id": "g84fn43", "text": "What is your end goal?", "replies": [], "depth": 1}, {"id": "g850ut8", "text": "Do you like the tangible or intangible parts of real estate more?", "replies": [{"id": "g85mboi", "text": "This is a good way to frame it. In AM you'll be getting a better understanding of the actual business of real estate and over the next couple years gain some really invaluable experience with the opportunity to learn from senior mentors relevant risks/mitigants, and working out problems. In an acq/originations role, you'll be dedicated to deploying capital at attractive risk-adjusted levels which means you'll be doing a lot of modelling and a lot of losing on deals you bid. Either or is a good move, but I would give the edge to AM at a top tier shop.", "replies": [], "depth": 2}], "depth": 1}, {"id": "g86r8nb", "text": "By investment management, I assume you're talking about an acquisitions role and not portfolio management?\n\nIf so, I'd go acquisitions for an entry level role. There's one reason for this - it is FAR easier to move from acquisitions to AM down the road than vice versa.", "replies": [{"id": "g86rqrh", "text": "it\u2019s more portfolio management role", "replies": [{"id": "g86ruso", "text": "In that case AM no question in my opinion.\n\nAcquisitions, development and AM are the holy trinity of entry level roles. You can't really go wrong with any of them, but always lean towards deal-focused roles if you have the opportunity.", "replies": [{"id": "g86rz56", "text": "kk fair point - thanks!!", "replies": [], "depth": 4}, {"id": "g941371", "text": "I\u2019d disagree (sort of) if it\u2019s a portfolio management role for a major fund the experience you\u2019ll get working for the fund manager would far out weigh the experience you\u2019d get doing AM or Acq.... I mean you\u2019re overseeing that and developing strategy. That being said not sure how you\u2019d get good at understanding strategy without having done the other parts first but hey stuff happens?", "replies": [{"id": "g941bw7", "text": "Yeah if we're talking a large fund vs no name local developer then absolutely take the big name for an early career move (unless your intention is to stay local in whatever market).\n\nI'm just assuming the company's are comparable.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}]