Tips to land position as a real estate analyst entry level
What are some tips to land a position as an a capital markets analyst with close to 0 experience? Where can you start? What skills do you need to have? I’ve submitted multiple applications but I just can’t seem to land anything due to every position looking for experience.
[{"id": "i3oqzu6", "text": "Just be brilliant with excel and modeling. Send them an example model of something they work on. If you can analyze and send them a great financial model than they\u2019ll hire you. Look at classes like A.CRE and more to learn", "replies": [{"id": "i3orfdc", "text": "Stupid question but how good do you think you have to be to land an entry level job. Do they sort of teach you any modeling on the job or do they expect\nYou to go in knowing exactly how to model?", "replies": [{"id": "i3ors4h", "text": "You can learn how to model basically and at a high level online. What they want is someone who can do it fast and accurately. They will probably have a way that they like to do it but taking the time to learn it on your own free time if you are serious will not only help you with your job but be evident that you are committed. Excel is the skill and modeling is the task. Being highly skilled with a program that can be relevantly used across several industry\u2019s will serve you well.", "replies": [{"id": "i3p9rke", "text": "Can you attach a good video as a starting point?", "replies": [{"id": "i3v6vxv", "text": "https://www.adventuresincre.com/\n\nGo down the wormhole", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "i3p0gw1", "text": "This is accurate. I was just offered an entry analyst position and I believe at least 50% of my success was because I had created and presented a financial model with real-life application. Even though most of my interviewers never bothered to do more than skim the colorful pages, I think just the fact that I had some analysis to present made me a much more attractive candidate.\n\nOP, if it\u2019s too late to improve on your grades or work experience, you can at least learn Excel and create a working financial model.", "replies": [], "depth": 2}], "depth": 1}, {"id": "i3ou5j1", "text": "There are two things you need to sell to land this job with zero experience.\n\n1) you need to meet the baseline requirements. That means Excel \u2014 be good at it. And you need to write well, because you put together the pitch books. But you DO NOT need to be excellent at either of these things.\n\n2) and much more important, you need to sell yourself. What does that mean? It means have a personality. Land a subtle joke in the interview. Do not sell on what you know \u2014 you\u2019re an entry level person, so you don\u2019t know jack. Instead, you need to sell yourself on \u201cI\u2019m the person you want to work with.\u201d Remember \u2014 the person training you has to spend a shitload of time with you while you are trained up. They want that time to be pleasant.\n\nSource: I landed this role and have hired once for this role. When people talk about \u201ccultural fit\u201d what they really mean is \u201cdo I want to have a beer with this person?\u201d My idea of who I want to have a beer with is different and broader than others, but that\u2019s still the question I\u2019m trying to answer in an interview for an entry level role.\n\nSell yourself \u2014 not your skills. That\u2019s how you will land it. Also, I may need someone later this year.", "replies": [{"id": "i3q3ies", "text": "Thanks for the response. I\u2019d say I have pretty decent excel skills. I actually did an internship with a small residential development firm doing basic research, however it was cut short due to Covid. I appreciate the advise and you emphasizing how important it is to be a cultural fit. if you need to hire someone, keep me in mind. A hire from Reddit would be a good story lol", "replies": [], "depth": 2}, {"id": "iqmp6h2", "text": "Appreciate the helpful post. Any chance you\u2019re looking for someone?", "replies": [], "depth": 2}], "depth": 1}, {"id": "i3ou667", "text": "Get a referral. I see lots of unqualified goobers get entry level jobs because they know someone. Sad but true.", "replies": [], "depth": 1}, {"id": "i3oufcl", "text": "How much do these positions pay in the Midwest?", "replies": [{"id": "i3q3pf3", "text": "I\u2019m in NE area (NJ/NYC) so I\u2019m not sure about MW. Around here an entry level from the prestigious firms (CBRE, C&amp;W) earns 55-65k startinf", "replies": [], "depth": 2}], "depth": 1}, {"id": "i3ozmky", "text": "I know jack about CRE but I just landed an entry analyst position at a top brokerage firm. DM me if you want to chat.", "replies": [], "depth": 1}, {"id": "i3pdbce", "text": "I got an acquisitions analyst position in San Francisco with no experience. I got lucky they interviewed me, and they liked my excel modeling in the assessment they gave", "replies": [{"id": "i3peofu", "text": "Is it for a good firm?", "replies": [{"id": "i3pf94z", "text": "It\u2019s a small boutique investment firm, people seem really cool, and the pay is above average, so I\u2019m happy", "replies": [], "depth": 3}], "depth": 2}, {"id": "i3q3tcc", "text": "That\u2019s actually a really good gig. To be honest acquisitions is really my end goal and I would love to hear about what you do on your day to day if you have some time. \n\nThanks", "replies": [], "depth": 2}], "depth": 1}, {"id": "i3pjser", "text": "Go on LinkedIn and reach out to people at the company in similar positions and ask for a 15 minute phone call to talk about what they do. If they see you\u2019re interested and can hold a conversation they can reach out to HR. Don\u2019t mention the specific position say something like \u201cI\u2019d like to learn more about possible opportunities if anything comes up\u201d and they\u2019ll say \u201cI\u2019ll reach out and see if we have anything\u201d CRE is 70-80% networking IMO", "replies": [], "depth": 1}, {"id": "i3qpaix", "text": "learning argus is major", "replies": [], "depth": 1}, {"id": "i3tel2e", "text": "Lots of good comments already. As someone who just started out in MF acquisitions out of college, here are my tips that other people might not have said.\n\n1. understand the terminology and be ready to use it in full sentences. Be able to respond to interview questions with technical words. Employers who are trying to fill entry level roles are ok with inexperience, not ignorance.\n\n2.  Get good with excel. Have something you can point to that you completed or are currently completing (like an online course that explains basics of excel for modeling CRE). \n\n3. Don\u2019t just \u201ctalk\u201d about yourself in the interviews. Sell yourself instead. In my first  handful of interviews, I would just tell them what I have done, where and what I studied, etc etc without actually selling it. Tell them, directly, why you are going to add value to their firm and what you have done in the last 6-12 months to prove that. \n\nLastly, don\u2019t get discouraged. You might get rejected a good amount of times before you do get accepted. It only takes one. Try and learn from your interviews and even if you don\u2019t get the positions, feel free to ask them what they think you could have done better. I probably did 15-20 interviews (individual positions, not even including 1st, 2nd, 3rd rounds) before I got my position. Keep improving and keep working at it. Remember, it\u2019s just you and the interview(s) talking. Most likely, you will be the only person capable of advocating for yourself in a short amount of time. Do not be afraid to speak highly of yourself and be confident. Best of luck.", "replies": [], "depth": 1}]