Internship Cancelled. New plan for the summer?
I’m a junior finance major with an emphasis in real estate and my asset management internship just got canceled at a REIT. This would have been my second internship, but only the first real estate internship so this was pretty important for my experience before senior year. I’m wondering if what others in my shoes that lost their internship because of COVID-19 plan to do. I’m trying to stay hopeful that if I spend time learning the field more by taking courses maybe even getting Argus certified (was going to be using it during the internship) that this lack of experience won’t destroy my chances at landing a full time position next year
[{"id": "fmte685", "text": "Yes get the argus certification. It\u2019s will help! It\u2019s hard to find a real estate internship so congratulations on getting one. I received an MBA with a concentration in RE and even with a 4.0 and some connections I probably filled out 200 applications, got 4 interviews and 1 internship offer. I went to a non target though. I would be soooo bummed if this happened to me.", "replies": [], "depth": 1}, {"id": "fmtg780", "text": "Start building your networking and reaching out to people. You don\u2019t need to ask them for internships, just show your interest in what they do and stay in touch. This includes anyone you remember you interviewed with at this company that cancelled the internship.\n\nStart practicing modeling, staying up to date with news, etc., and show your continued interest in and knowledge of the industry as you build your network. By the time people are recruiting for full time, companies will understand and accept why you didn\u2019t have an internship, so I wouldn\u2019t be too worried about that. More importantly, your network can back up your passion for and knowledge of the industry.", "replies": [], "depth": 1}, {"id": "fmtgiph", "text": "1. Argus is a good idea especially if you can get it discounted thru your school.\n2. Ask your school to set you up with an industry mentor if they have not already. If they don\u2019t have someone who can help with that, try and use the alumni network to find one at a REIT (or any CRE company really). Schedule regular meetings. See if they are interested in involving you in some of their work on a informal basis. This could lead to some projects. Not paid but better than nothing.", "replies": [], "depth": 1}, {"id": "fmtjypu", "text": "Try to see if you can take 400, 500,600, 700 series licenses. The early you get them passed or out of the way the more qualified you may be.  Keep in mind, there are mba finance software developers are after these jobs.  If the REIT industry looks as shaky as now, it will be hard to find companies wanting to hire even 2021.", "replies": [], "depth": 1}]