Just graduated college...have an opportunity to start out as a straight broker or go in as an analyst (commission only vs salary). What do you think I should do? Different companies but splits are similar once I move to commission
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[{"id": "dn7kezh", "text": "They're very different roles. Sales vs analytics. Most companies offer new brokers at the very least a draw, which is essentially a salary that you must pay back once you start closing deals. ", "replies": [], "depth": 1}, {"id": "dn89cd8", "text": "I would do analyst first. But it boils down to your personality and other personal things, it's not something we can decide for you.", "replies": [], "depth": 1}, {"id": "dn89ig4", "text": "You'll learn more about the industry and will have better job opportunities as an analyst. It's also easier to transition from analyst to agent than vice versa. ", "replies": [], "depth": 1}, {"id": "dn89ppu", "text": "Have you ever had a sales job? What kind of broker? Would you be working with a senior broker? Can you live a year with no income? ", "replies": [], "depth": 1}, {"id": "dn8dns2", "text": "Companies like CBRE seem to prefer you to do an analyst/research role for a year or two if you're fresh to the industry. It's a great way to learn the business, and when you eventually join a Brokerage team you actually bring some value almost immediately", "replies": [], "depth": 1}, {"id": "dn8n8b0", "text": "Depends on the quality of the firm. \n\nYou should go to the best brokerage company you can go to, they are not all similar. If you are offered straight commission at a smaller unknown shop, you won't learn much about really understanding how institutional real estate investors make decisions. And therefore, you probably won't really learn the business the way others understand it. \n\nIf you are being offered either an analytical role vs a brokerage role at similar firms, then it depends on your risk tolerance and long term goals. ", "replies": [], "depth": 1}]