Question about Interviewing at CBRE FCG (San Francisco)
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[{"id": "hlawg7a", "text": "Based on my previous time at a big brokerage shop similar to CB, and based on the job post, they probably will not expect you to walk in and build a financial model from the ground up on day 0.\n\nHowever.... you should probably know the rudimentary basics of how to calculate DCF, what NPV is, and how to calculate the basic metrics (CapRate, DSCR, Yield on Cost, etc). As for the financial calculator.... probably know how to calculate the I/O period of a mortgage and the Principle &amp; Interest payments on a fixed rate mortgage. Wouldn't hurt to know how to calculate IRR on the fincal either.\n\nRemember, they can teach you everything you need to  know about modeling and financial engineering. What they *CANNOT* teach you, is how to be a hard working team player who fits in with the rest of the crew.\n\nNow, this is all anecdotal from my time at a big shop in the Mid-West and not in San Francisco.  Best of luck.", "replies": [{"id": "hlbnimm", "text": "do you know of any tutorials on using a financial calculator for those types of real estate questions?", "replies": [{"id": "hlbpvpu", "text": "I'm sure there will be YouTube videos and I've seen some in the past but I can't remember what channel it was. Good luck though! You'll do great!", "replies": [], "depth": 3}, {"id": "hldn77m", "text": "Look up adventures in CRE watch me build on youtube. For clarification I think you want financial calculations not how to use a financial calculator. I dont think I have ever used a financial calculator in this business but use excel for these metrics all the time.\n\nI would also just youtube search each of those calcs to find a detailed explanation with example. I would then watch each of those vids like 5 times to internalize the concept then do some practice examples to really understand it.\n\nStart with DCF because npv and IRR dont make sense without it. Then do NPV since npv is the net return on a discounted cash flow calc as a profit. Finally do IRR since IRR is the discount rate that would be needed to make NPV equal to 0 and therefore a good estimate of the overall rate of return. You cant get the third without understanding the first if you catch my drift.\n\nGood luck, sounds like a great role.", "replies": [{"id": "hlfvjgw", "text": "Cbre fcg is big on the financial calculator. I spent a week at their training (was not part of their group) and they use it often. It\u2019s heavy Argus as well", "replies": [{"id": "hlfxcna", "text": "Argus I get. I also get the fin calc during training but after that excel is right there and easier to use.", "replies": [{"id": "hlhca3b", "text": "It\u2019s really not if you\u2019re trying to figure out something like monthly loan payments", "replies": [{"id": "hli783h", "text": "Excels pmt function requires the exact same number of inputs and you can see what you already entered much easier.\n\nIm familiar with the use of a financial calculator from CFA. I keep one on my desk but never use it these days.", "replies": [], "depth": 7}], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hlcsn0e", "text": "Look up some tutorials on pro calc on YouTube", "replies": [], "depth": 1}]