Interview (first round?) for JLL capital markets analyst position
Hello, anybody here from JLL who can help answer some general questions about this role?

1. what’s the difference between the investment sales and debt/equity team? 
I’m guessing investment sales is equity fundraising, and debt/equity is more debt financing-related? 

2. does this position cover all RE asset classes or would the analyst specialise in something? 

3. what sort of market questions or technical questions to expect? 

4. how many rounds of interview to expect? 

Thank you thank you thank you.
[{"id": "iy628w2", "text": "1) investment sales is going to be the actual brokering of a deal, creating BOVs, OMs, etc. and marketing it to potential groups who would buy the asset. The debt/equity side provides exposure to the full capital stack. You will be sourcing LP equity and debt for sponsors.\n\n2) Typically it covers all asset classes, but I\u2019m not sure if JLL breaks some of there D/E teams out into asset specific groups\n\n3) I imagine the typical questions you\u2019ll find on YouTube, as well as something like \u201cwhy D/E over investment sales?\u201d\n\n4) Can\u2019t speak to this because I don\u2019t know\u2026 though I would assume 2-3 is a safe bet", "replies": [{"id": "iy73ul5", "text": "Thanks for the information! Much appreciated", "replies": [{"id": "iy8sj96", "text": "Currently in the interview process for an IS associate position. I've had 4 interviews so far: 1: initial recruiter phone call 2: phone call with team leader 3: In-person with SVP's 4: In-person with rest of team. They informed me that there would be another interview with the MD. I'm sure this varies on the position/ company/ team, but from start to finish it's taken me 5 rounds of interviews. \n\nDuring the interview process for an analyst position you should expect some sort of case study to perform. After all, you're applying for an analyst position - you'll be using excel/ argus every day.", "replies": [{"id": "iyb68z4", "text": "Wow 5 is a lot. All the best to you! You\u2019ll do awesome! \ud83d\udc4d\ud83c\udffc\ud83d\ude4c", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "iy6cbbf", "text": "1) ISA helps in the transaction of actual properties - acting on behalf of a seller to value and market a property. D&amp;E helps to place debt/equity into deals as part of the capital stack. I work in ISA, but have worked on a few equity deals.\n\n2) ISA covers a specific asset in a specific market. D&amp;E can cover all, but some may focus on just MF or office.\n\n3) Generally fit questions at the entry level. May get broad market questions on economic environment etc, but varies by office.\n\n4) Varies. Normally 1-2 with analysts and associates. Then one with the producers. Then a final with the whole office (open invite).", "replies": [{"id": "iy6yiz8", "text": "Thank you for your reply! May I ask how did you prepare for your interview, if you don\u2019t mind sharing?", "replies": [{"id": "iy71ubl", "text": "Honestly watch a few of Just Local\u2019s CRE videos on YouTube to get the basic concepts down, read the WSJ or the like to understand what\u2019s happening on the economic side, and just practice a bunch of the behavioral questions like \u201ctell me a time\u201d or \u201cexplain when you worked on a team\u201d", "replies": [{"id": "iy73w70", "text": "Thank you!  \ud83d\ude4f", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "iy6otun", "text": "I work in a Northeast office in Debt/ Equity.\n\n1. As others have said, Investment Sales focuses on the transaction of the property itself. You'll deal mainly with buyers and sellers of the property. Debt/ Equity focuses on obtaining financing for these transactions. You'll deal more with capital sources like equity funds, debt funds, banks, and life companies here. \n2. Investment Sales tends to be much more product-type specific. Debt/ Equity is more product-type agnostic. Unless the position specifies, you start out as a generalist working on debt/ equity. In my office, they are very open if you subsequently express an interest in a particular area/ product type and try to funnel you towards your interest and strength.\n3. For my office, very little. Other than the basic \"cap rate, discount rate, time value of money, IRR etc.\" Mostly behavioral focused and asking about your resume, a situation where you had to overcome a challenge etc.\n4. Two to Three. First/ Second are usually phone screens with analysts.  The last round is a \"superday\" style where you talk to various producers and analysts in the office.", "replies": [{"id": "iy6yej8", "text": "Thanks for your reply! \n\nAh yes I did see that JLL interview questions (at least for this role) can be a bit academic, asking you the definitions of terms. \n\nI see from my interview invite that I\u2019ll be meeting Directors and Senior Directors, which caught me a little by surprise because I thought first round would be with a couple of managers first. \n\nHow was your modelling test, if I may ask? \n\nAnd finally, what should I expect on a Superday, assuming I make it that far?  I have some years of experience working in real estate but I\u2019ve never had a Superday sort of interview.", "replies": [{"id": "iy710nf", "text": "I was hired out of college so there wasn't a modeling test for me. The idea was that they just wanted bright &amp; motivated individuals; the argus/ excel skills could be taught later. **But** if you're being hired for associate/ senior analyst positions, there may be one. I'm not sure about the specifics though.\n\nFYI capital markets has 2 \"classes\" of work - analysts and producers. Producers source deals and their work is much more client interactive. Analysts prepare marketing materials, do underwriting, paperwork, and any deal specific work. As an analyst, the career progression goes: Analyst &gt; Senior Analyst &gt; Associate. Usually after Associate, you can progress to become a producer. For producers, the titles go: Director &gt; Senior Director &gt; Managing Director &gt; Senior Managing Director &gt; Executive Managing Director. So when they say you're meeting \"Directors and Senior Directors\", you're just meeting the most junior producers. These are the people who will directly manage and interact the most with you on the deals you work on. \n\nFor my office, the \"superday\" wasn't very structured. Its like 4 rounds of conversations, each with 2 people, kinda to determine that you're a decent person to interact with. The CRE industry is very reliant on social skills. But they are given a few questions they must ask over the course of the conversation. For my office, some variant of \"Why Jll? Why Real Estate? Why Capital Markets? What are your strengths? etc.\" Overall very standard interview stuff. Its not like some Bridgewater interview where they throw you curveballs.", "replies": [{"id": "iy74bzo", "text": "Thank you so much for taking the time to explain, much appreciated! \ud83d\ude4f\ud83d\ude4f", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "iyd976o", "text": "I received an offer for next summer feel free to ask any questions", "replies": [], "depth": 1}]