Walnut Creek vs San Jose/Silicon Valley for jr. broker
I have the opportunity to work in either location. New to the industry so would be starting off in a research support role while getting my license. Grew up in the East Bay, so more familiar with that area. There are obvious pro and cons but still interested to hear your guys opinions. Thanks
[{"id": "dbyocwa", "text": "I don't know either market very well but I would consider the following when making a decision:\n\nWhat product type are you focusing on? What is the stock of each city/ MSA in comparison to the other? What percentage of the total stock sells per year averaged over a 5 year period?\n\nWhat does the ownership pool look like? Institutional or private... what are you targeting?\n\n\nWhich market is most competitive/ has more brokers?\n\nHope that helps.\n\n\n", "replies": [], "depth": 1}, {"id": "dbysfr8", "text": "What product type? Obviously the San Jose area is a much larger market than Walnut Creek, but that's not everything. Personally I would focus on where you see the better opportunity for yourself. I'd rather be working under a great broker in WC than an ok broker in San Jose (that goes both ways). I would say that if you are familiar with the Walnut Creek area, that will be helpful rather than learning a new area - but don't base your decision on that.\n\nI currently live in Walnut Creek and enjoy the East Bay market. Not much experience working in San Jose but in the right situation you could do very well there.", "replies": [{"id": "dbyzuox", "text": "Well it's one of the larger full service firms but I think I want to focus on office and medical. I'm just doing a little pros and cons experiment  ", "replies": [], "depth": 2}], "depth": 1}, {"id": "dbzrws0", "text": "I am curious, what are the obvious pros and cons to each area?", "replies": [{"id": "dbzup7i", "text": "Well I guess a lot of the obvious one's are personal to my situation... however, the shear size and cultural differences of the cities and the potential for more/larger opportunities comes to mind right away ", "replies": [], "depth": 2}], "depth": 1}, {"id": "dc0v3lu", "text": "Just work in whichever area you like more because both are poppin economically speaking. ", "replies": [], "depth": 1}, {"id": "dc2cblh", "text": "IMO whichever place u want to settle down in and ultimately able pay the bills ", "replies": [], "depth": 1}, {"id": "dcctb1k", "text": "Walnut Creek will not be as competitive as San Jose... there are more transactions and more brokers farming the market in San Jose and so it will be more difficult to break in to that market. That said the deal sizes and number of transactions are larger so if you get a footing there you will make more. Its really a question of where you will have the most support from your broker.", "replies": [], "depth": 1}]