What positions in CRE are considered top tier?
I understand the finance IB/PE/HF hierarchy but I simply can’t put my finger on how it works in CRE. What top jobs in RE match with them in terms of comp, prestige, and growth? How does CRE compare to IB and the likes?
[{"id": "fyx1mlf", "text": "Best? Property owner.", "replies": [{"id": "fyx29gz", "text": "Lol of course. I was mostly asking as to what summer internship is considered the most elite and which position is front office or the one that\u2019s the most sought after. Also is it a typical exit to just start your own firm and invest?", "replies": [{"id": "fyx2t4m", "text": "That's how you make the big bucks.", "replies": [], "depth": 3}, {"id": "fyy1wdt", "text": "1st years at Eastdil (brokerage / IB), Starwood (private equity), Blackstone (private equity), and real estate groups at IBs make like 130K-180k out of school, so those would be the most elite and are also the most selective. There's a handful of buyside shops that are solid too that comp less but are still worth it out of college.\n\nIn the elite / prestigious world, RE is pretty similar to the corp fin side.... Analysts at ES / the IBs do their 2 years then get hired at PE shops / real estate teams at HFs.\n\nThe difference is that there's a huge universe of relevant players that have less prestige but you can still make as much as anyone else in finance. For example, leasing brokers can make millions a year, some rando flipping houses can rake as well, etc. You can also obviously rake by being at an elite firm though... Jon Gray made $100M last year. Think there's more paths to get rich in RE than in normal finance.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fyx69el", "text": "If you don\u2019t get a response here I\u2019d try r/FinancialCareers \n\nFrom what I\u2019ve heard \u201cclassic\u201d pe is slightly better than repe (simply because you get to sit on the boards of top companies and are exposed to more big wigs)&gt;hf&gt;ib&gt;cre in a top brokerage\n\nSome would argue that being an analyst at a brokerage like Eastdil would be similar to a MM IB", "replies": [], "depth": 1}, {"id": "fyxlfez", "text": "What's your ultimate goal? To get paid well or brag on linkedin? serious question..", "replies": [{"id": "fyxlji7", "text": "I want to get paid that\u2019s why I\u2019m asking how comp compares lol. I\u2019m just trying to see how it compares to finance is all.", "replies": [{"id": "fyxlyfh", "text": "My understanding is that being a broker is very competitive and not many become really successful but those that do are laughing. I'm more in the analytics side ( or trying to be)Also you'll need to be a little bit lucky and be in the right place at the right time. Hope this helps but no promises. I do know consulting pays very well and can lead to other things. If it is just money, maybe a trader or quant ?", "replies": [{"id": "fyxlzwq", "text": "Feel free to correct me if i'm wrong, my background is city planning.", "replies": [], "depth": 4}, {"id": "fyxpjsz", "text": "How well do traders do in top firms?", "replies": [], "depth": 4}], "depth": 3}, {"id": "fyxmwpy", "text": "Check out Wall Street oasis real estate forum. Best starting positions are in brokerage investment sales or buy side acquisitions", "replies": [], "depth": 3}, {"id": "fyxnmip", "text": "Paid short term or paid long term? \n\n(Secret: you're going to work your ass off... Consider something you might possibly enjoy by accident.)", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fz0cb26", "text": "As entry level, capital markets analyst, or analyst for owner or developer. Easier to get a job on Wall Street than get an analyst job which are far and few in between.", "replies": [], "depth": 1}, {"id": "fz3jusc", "text": "Landing a junior spot on the development team at a major developer (Hines, Tishman, Related, Carmel) is hard to do and probably the most competitive. I think of two tracks: investment and development, with each being equally competitive. Brokerages are a great way to gain experience, but there are many positions relative to development. Most development shops run lean.", "replies": [], "depth": 1}, {"id": "fz58a54", "text": "Client services coordinator", "replies": [], "depth": 1}]