Took a job as a financial analyst at an investment firm, even though I want to work in RE finance. Would this-position help in future placement.
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[{"id": "f0rwo4m", "text": "Most people hiring are pretty jocked on IB kids whether or not it's even relevant to the job they're trying to fill. After a couple of years at your position, if you have a comprehensive understanding of modeling, leverage, and cash flow, as long as you understand the basic tenets of CRE when you walk into an interview, I think you'll be fine.", "replies": [], "depth": 1}, {"id": "f0rxbxq", "text": "Thanks! I just finished my argus cert. took some CRE modeling classes in school. \n\nWho knows I might love it where I work and never go back. But I\u2019d still like to keep it alive.", "replies": [], "depth": 1}, {"id": "f0s6fcf", "text": "Is your goal to work for a REIT or something similar?\n\nEither way, yes I think IB Analyst is a great first job to get you started.  In the meantime, get to know who the REITs (or whatever you want to do) are in your city and try to network your way into knowing them.  Since you have a job and can easily stick there for 2-3 years, it should be no pressure networking which is the best kind.\n\n&amp;#x200B;\n\nAlso, dont worry about the \"non-target' MBA. I am not sure where you went, but it is often not a bad thing.  Use that alumni network to your advantage. You will find that unlike in the movies, not everyone goes to Harvard for their MBA and no matter the MBA network there will always be some standouts that you will want to get to know.  \n\nFor networking think outside the box a little.  Don't just go to those \"networking\" events you see on facebook or linkedin unless you want to talk to salesmen all night. Maybe pick up a sport (Squash, BBall, tennis, or whatever is big in your area.) and find the most exclusive place to play it.  So maybe a really nice gym that has some squash courts.  You get the idea.", "replies": [{"id": "f0s7bkx", "text": "Thanks! It\u2019s an accredited MBA program and at a great school and very well know in NYS, But I moved to the DC /Baltimore area, where not a lot of alumni are (guh) and my school is a lot less know. getting my foot in the door wasn\u2019t easy. \n\nMy goal is to work for a REIT. \n\nThis is making me feel great about my decision. I am excited about it. I landed a Job, that CFA and target MBA program grads were also interviewing for. Granted I had an in, that I sort of harassed a bit. (Joking, but I bugged him a lot).", "replies": [{"id": "f0szz1h", "text": "Did you have work experience before you got your MBA? I am an analyst in the DC area doing retail( asset management) right now.\n\nI will be honest, it is difficult to get an analyst position or break in unless you have connections - which you can forge by going to events and the organizations I see you\u2019ve joined. You really just have to keep trying and apply and meet with as many ppl as possible. You will eventually land something. It may not be a REIT or your first choice but you can definitely Segway. Just be clear on where you want to be and draw out a path for yourself. Great initiative on your part getting Argus cert. That makes a difference of your resume getting thrown in the trash or selected for interview.\n\nLet me know if you need any help. I am born and raised in the area.", "replies": [{"id": "f0z05ee", "text": "I worked In Property managment for a luxury condo and apartment developer based out of Toronto CA for 5 years. Although I was part of 4 ground up development processes, it really doesn\u2019t translate to big firm real estate finances. (I assume) I loved the company I worked for , but do not want to work in property management again. (Way too much of a headache/putting out fires/weekend and night work/tenants calling at all hours) \n\nI got offered a job as a facilities engineer for a pretty large mixed use complex outside DC. Making 6 figures . Just not a path I want to go down again.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "f0s7x39", "text": "I work at a RE finance firm that just hired an associate with a commercial lending background and no prior real estate experience. Hope the same thing can happen to you.", "replies": [], "depth": 1}, {"id": "f0sagtb", "text": "Yes, you\u2019ll be fine.  Join ULI or other industry groups while you\u2019re there to keep the CRE a thematic focus on your resume.  Come up with a good way to frame this move to IB as a way to build your creds rather than a step away from it (e.g. wanted to focus on technical skills to apply to CRE, or whatever).", "replies": [{"id": "f0smwge", "text": "Thanks! I\u2019m a member of CREW, ULI and NAIOP and going to try and attend events periodically. My hope is for IB to give me a foundation to practice finance IRL.", "replies": [{"id": "f0sobm5", "text": "Sounds like you\u2019re good to go.  Your personal narrative matters a lot when you interview so keep that in mind if/when you have the ability to pick projects or specialty focus areas within the new role.  Good luck!", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "f0sbhnf", "text": "What region are you in? If you are on the coasts, it can be harder to lateral into RE because the talent pool is deeper. If you go elsewhere, its much easier to move across the finance industries. \n\nYou won't go from other industries into IB so dont leave too quickly, but a lot of hires are made from IB roles.", "replies": [], "depth": 1}]