Question to Investment Sales Teams and Debt/Financing teams
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[{"id": "cvbtwwx", "text": "Could you mention it to some of the brokers in your company that you are willing to go to other markets? They might help network. It's going to be reallllly hard to break in without networking properly if you don't have the required experience for a roll (regardless of whether you can actually do the job).  \n\nThis does not apply only to CRE...", "replies": [{"id": "cvchgoh", "text": "&gt; Could you mention it to some of the brokers in your company that you are willing to go to other markets? They might help network.\n\nI am trying to avoid this (for now), simply because I do not want to promote the idea that Im trying to leave my current office. Even though I'd love to work for the same firm in my target market, the CRE industry is a bit more reserved about this (since each office in the same company is essentially its own enterprise).\n\nYou read about the old stories of sending a letter to a firm's decision maker or knocking on doors (showing your persistence and sincerity), and getting the job. This is really the only tactic I can think of besides applying to anything in sight on online job boards (but as we know, most of those positions are already filled).", "replies": [{"id": "cvdbryi", "text": "Any samples of your analytics you could redact and share with them?", "replies": [{"id": "cvdo0lh", "text": "This might be a good idea if i manipulate or censor proprietary info. The positions i am targeting are entry level underwriting/financial analysis, which I have never done directly (just observed, played around with examples etc). ", "replies": [{"id": "cvdwwd9", "text": "Exactly, redacting relevant info is key... trust and confidentiality is critical in this Biz... of course, don't show someone else's work, only what you have put together yourself.", "replies": [], "depth": 5}, {"id": "cvey6nk", "text": "hey! just curious, looks like you have done your research, what are the salaries are u seeing for analysts in your home market? And are u looking at the analyst role as a stepping stone to becoming a broker or do u not want to become a broker? I am in the same position as you, a few months out of college, but I am working in residential real estate now, and in a year or two want to make the jump to CRE and see myself being an analyst for a brokerage or a development firm (and is there is a reason you are looking at only brokerages and not dev firms?) I am also looking to do my masters in RE finance, while a masters is definitely not a neccessity, it cant hurt. I see myself benefiting from the connections and networking. ", "replies": [{"id": "cvf1txp", "text": "I have friends in different markets who are analysts for like teams, the salaries range from 40k-50k.\n\nSome analysts get a small percentage of fees, others do not. It all depends on the company's structure and your team. CRE is unfortunately becoming more \"corporate\", there are less broker/analysts blends as there were 10 years ago. So you have to choose how you want to enter the industry but be prepared for jumping into brokerage without a salary.", "replies": [{"id": "cvf2nlj", "text": "have u only looked at being an analyst at a brokerage, why not development firms/REITS? ", "replies": [{"id": "cvf7wt8", "text": "I do not have a finance backround to get into a REIT, though it is an option later down the road. As far as developers, from what I've read and heard, you really have to know someone.\n\nMy experience over the past year and through college has encompassed brokerage.", "replies": [], "depth": 8}], "depth": 7}], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}]