career advice
a friend of mine is working in affordable housing in an analyst role on the acquisitions side. if he had an opportunity to move into a similar role on the asset management side for a different company in a new city, would that be considered a downward move career wise? his current company is an industry leader in  affordable housing sponsorship and the new role is for a diversified insurance company that has a large investment management group. the new job would be in a more expensive city and working with all asset types, but somewhere that my friend would rather be. additionally, what kind of modeling would an asset management role be expected to run? would it primarily be valuations, refinancings? 
[{"id": "eggog5r", "text": "Assuming he hasn\u2019t been a his current role less than a year or two, I\u2019d go with the new opportunity. It\u2019s a city he\u2019d rather be in, gets to work with a large team, and gets to expand his product type experience. Sounds like a lateral move at worst or a step up at best. ", "replies": [], "depth": 1}, {"id": "eggozi3", "text": "I would tell your friend to get more information about the job. If he is moving from acquisitions to asset management I would imagine he\u2019d be doing less modeling and more monitoring. \n\nIt is only a downward move if the current role is more in line with his long term goal than the new role. ", "replies": [{"id": "eggqbo7", "text": "i think he is somewhat unsure. his current role is mainly underwriting new development acquisitions and i think he is interested in development in the long term. however, he also sees the benefit of the exposure  to the asset management side.", "replies": [], "depth": 2}], "depth": 1}, {"id": "eghgs6t", "text": "That could be a good option actually, if he is working on the syndication side and not property management. Chances are its a lot of travel to shitty places though. Some asset managers are just traveling around making sure the income is correctly documented on lease applications. That part blows.\n\nMy first boss started his career as an asset manager for a syndicator and did a shit ton of modeling because he was doing acquisitions as well. Id imagine you aren't doing modeling as much if you are getting handed things after they are stabilized.", "replies": [{"id": "eghpmfy", "text": "He\u2019s currently on the syndication side doing exclusively acquisitions. The asset management role from what he understands would be a lot of portfolio valuations for the insurance company\u2019s investment arm.", "replies": [{"id": "egibld0", "text": "What about firms? is one bigger/more prestigious than the other? ", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "eghphez", "text": "Sounds like he'd learn more in the new job? ", "replies": [], "depth": 1}]