CBRE vs Cushman &amp; Wakefield - Brokerage Opportunity
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[{"id": "hi5nkq6", "text": "I would join based on the area you want to work in. Based on the economy I would join either industrial (the industry is on fire now, and is the most stable historically) or capital markets (if you're more interested in doing less volume of deals and more math).\n\nCommissions are always fun in this business, but our rule of thumb is to anticipate making very little money for 2 years. You should have a nest egg or a line of credit available to you before starting full commission.\n\nCompany is basically irreverent, especially at the beginning. I would try to determine which team you think you'll fit in better with.", "replies": [{"id": "hi5o1aa", "text": "Thanks for your input, great way of thinking about it.", "replies": [], "depth": 2}], "depth": 1}, {"id": "hi5q6zp", "text": "Are associate roles at these brokerages all typically 100% commission?", "replies": [{"id": "hi5rf9t", "text": "I've heard some associates start out in their year 1 with a salary but no commission opportunity, year 2 &amp; up turns to all commission. That is not offered at either of the companies I'm looking into. The best would be getting a draw (basically a loan with no interest) which gets paid back through commissions.", "replies": [], "depth": 2}], "depth": 1}, {"id": "hi5rpvn", "text": "Markets will matter more than firms. \n\nCushman in New York is a different story than cushman in Salt Lake City. \n\nAnd the brokers will matter more. Seen so many stories of junior brokers getting screwed when 10 min of research would have shown if the team you work for is skeezy or not. \n\nThey are both reputable firms, but the best brokers at the worst firms is usually better than the worst broker at the best firms.", "replies": [{"id": "hi5tvjk", "text": "Noted, both are located outside a Major Market. Not sure the exact commission revenue the teams specifically generate - but the Industrial team is one of the highest producing teams in the state (transaction volume).", "replies": [], "depth": 2}], "depth": 1}, {"id": "hi6is2t", "text": "I\u2019ve worked a few deals with CBRE. They seem to be an honest and straight forward company willing to work with tenants. I can\u2019t comment on C&amp;W however.", "replies": [], "depth": 1}, {"id": "hi6ncxb", "text": "Don\u2019t do office man, that market is definitely shifting really quickly to Suburban offices near the outskirts of major metros. The industrial market is on fire and from what I\u2019ve seen C&amp;W is crushing the Industrial space. Although it entirely depends on their market share in your area.", "replies": [], "depth": 1}, {"id": "hi6st2j", "text": "I Work at one of these firms. Go industrial 100% unless the office brokers are compete bangers. Cbre or Cushman it doesn\u2019t matter biggest thing is your mentor. Also, what is your role? Are you going to be doing Bd or just showing spaces? Can\u2019t go wrong and congrats on breaking into a great industry", "replies": [{"id": "hi90btf", "text": "Thanks! Considering I have relationships with seniors on both teams - my hope is that I work directly alongside them. More than anything, I want to see their Day-to-day &amp; learn their craft. It's be no means going to be a walk in the park, but I have the flexibility to take this leap (no family, kids, wife, mortgage, rent).", "replies": [{"id": "hi9ezqi", "text": "Been at the same firm for over 10 years. My only job out of college. It\u2019s the best industry. I absolutely love it. Congrats again", "replies": [{"id": "hi9ikkr", "text": "When did you get involved in the industry? Also, I'm curious to see how your perspective has changed over the years. In regard to brokerage positions - the first few years were likely strenuous with not having a set salary coming in. Assuming now things have drastically changed, but how did you handle that 'pressure' of uncertainty.", "replies": [{"id": "hia4cb9", "text": "Started in 2011. Made 6k my first 18 months. First three years you do what you need to do just to survive. Once you get past your third year everything is a whole lot easier and you start to achieve some financial success. I started out at a small company that got acquired. I\u2019m sure you will achieve success earlier than I did", "replies": [{"id": "hia60le", "text": "Where do you see yourself in 5-10 years? Still running with the brokerage?", "replies": [{"id": "hiaovbf", "text": "Yes, 100% still in brokerage. Hope to be at my current company until I retire.", "replies": [], "depth": 7}], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hi70vyx", "text": "Join the industrial team if they are a successful, well known group in a target industrial market. Between CW and CBRE, it\u2019s less about the brand (both are great) and more about the team lead you would be working under and whether there are opportunities for you to learn from them.", "replies": [{"id": "hi90ekb", "text": "Good way of looking at it. Got me thinking.", "replies": [], "depth": 2}], "depth": 1}, {"id": "hi7ed6v", "text": "Leasing or sales? I would ask each team how many deals they did in 2019, 2020 and on target to do in 2021 and would join the more active team as a young guy getting into the space. As others have said, firm doesn\u2019t matter, it\u2019s entirely team dependent because it can differ massively market to market. And unless you\u2019re super passionate about industrial or office, I wouldn\u2019t worry about property type either. Yes, industrial is hot right now, but office isn\u2019t going away. Focus on the team.", "replies": [{"id": "hi90wzo", "text": "Hmm... Interesting. I have a meeting with both teams coming up in the next few weeks, through this - it should give me a good direction. I would say that I'm more passionate about Industrial &amp; Office than Retail. Right now I'm working under a few brokers who pass their 'warm' leads to me &amp; I run with them. I have the flexibility to work on each asset class - but that could be hurting me as well. 2 of my biggest deals were Ind. &amp; Off.", "replies": [], "depth": 2}], "depth": 1}, {"id": "hic03ci", "text": "Beast", "replies": [], "depth": 1}]