Two zoom interviews on Monday with CBRE for financial analyst role
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[{"id": "hd9idsy", "text": "hey fuck you man i applied for that too", "replies": [{"id": "hd9ioha", "text": "According to the posts on your profile we don\u2019t live in the same state. Good luck brother.", "replies": [{"id": "hd9kohz", "text": "i was jk - good luck! they love kids who can f. model!", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hd9m4vp", "text": "What service line and location? I believe at CBRE financial analyst could mean IS working for Darcy Stacom or working in back office ops. If it\u2019s IS do your HW before going in. Understand a cap rate, IRR, basic debt terms, risk &amp; return profiles (core, value add, etc), how to calc a gain (remember depreciation recapture).", "replies": [{"id": "hd9mxmm", "text": "Service line is advisory segment. What is \u201cIS\u201d? Can you explain your last part about calculating a gain and also deprecation recapture? \n\nI took one real estate class in college and it was only about mortgages. So everything i know is self taught really. \n\nThanks", "replies": [{"id": "hd9ro62", "text": "Investment sales, selling properties as a broker rep for the seller. I don\u2019t think IS would fall under the advisory segment but I could be wrong. \n\nYou probably won\u2019t need to know what I mentioned in an advisory role going in, esp in entry level so don\u2019t let it scare you. Build out a couple proformas in excel (adventures in CRE is a great online resource) and you\u2019ll be ready. They\u2019ll probably ask you why you want to work in RE. \n\nI guarantee they won\u2019t ask you about dep recap if you\u2019re not dealing with selling (a taxable event) but I\u2019ll explain anyway bc why not. Depreciation recapture is a tax paid at a different rate (25%) than the cap gain rate (20%) on depreciation expense that the taxpayer deducted in the past. For example, property owner bought property at $1M, sold for $1.2M, took depreciation previously of $100k. They\u2019ll owe $65K in taxes. $200k LTCG @ 20% + $100k dep recap @ 25%.", "replies": [{"id": "hd9tmcw", "text": "Thank you so much for all the insight and the explanation. What do you think i should ask for a salary? If i remember correctly i think on my application they either asked for a range or an exact amount and i either put 60-70k or 65k.", "replies": [{"id": "hda1n94", "text": "I got no idea on that front with these places. I would think that range is appropriate. In the grand scheme of things I would not focus on salary tho this early in your career which I know you\u2019ve probably heard before but it\u2019s true. My career path has been a winding road with a lot of shit bc I chased a career early on at like a 10k higher start base than if I took a more traditional RE job. The only focus should be getting your foot in the door and performing at a high level.", "replies": [{"id": "hda2xrv", "text": "Excellent advice. I greatly appreciate your advice brother", "replies": [], "depth": 6}], "depth": 5}], "depth": 4}, {"id": "hda1d2a", "text": "Sounds like it may be an appraisal role.", "replies": [{"id": "hda33um", "text": "I think the role would be valuation analyst if it was appraisal. Have a feeling it with be doing deep dives into clients\u2019 op statements and budgeting. I\u2019ve never worked at the big shops so what do I know tho", "replies": [{"id": "hda51u9", "text": "I've known an \"Advisory Group\" to do valuations / market studies, but having a job posting would likely help us figure this out.", "replies": [], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "hdaunj9", "text": "I second this. I think it is also important to know what the real estate market is like currently and perhaps discuss about it during your interviews. Additionally, it would be good to know which property type you will be dealing with and try to know about it. Lastly, welcome to the industry. I promise you will have an amazing time if this is what you truly want to do.", "replies": [], "depth": 2}], "depth": 1}, {"id": "hd9mk1j", "text": "Remember that all the technical stuff is important but they\u2019re going to want to know what type of communicator you are and how your work ethic is", "replies": [], "depth": 1}, {"id": "hd9njci", "text": "I have a Zoom interview on Tuesday with them as well!  Best of luck.", "replies": [{"id": "hddlr6p", "text": "You may both benefit from checking out their Insights and Research section  https://www.cbre.com/insights#sort=%40publishdate%20descending\nIf nothing else, good to know it is there and maybe glean a few market highlights.", "replies": [], "depth": 2}], "depth": 1}, {"id": "hd9sakk", "text": "My advice: they know most applicants can do the technical stuff, do you best to be personable. It\u2019s hard over zoom; be confident with your answers. If it\u2019s a trick question, say you don\u2019t know the answer but can figure it out with time.\n\nEdit: sentence was being misinterpreted.", "replies": [{"id": "hd9tqwv", "text": "They know i don\u2019t know ALL the technical stuff? That what you meant? And thank you for the insight", "replies": [{"id": "hd9ynvt", "text": "You have a Bach of finance. You should know the basics. That should be the baseline of what is required. Personality will get you across the line. Best of luck.", "replies": [{"id": "hd9z7tm", "text": "Yes, thank you brother", "replies": [{"id": "hdcdhwv", "text": "In other words, be a white male so that you\u2019re a culture fit.", "replies": [{"id": "hdcdoxd", "text": "Don\u2019t start that.", "replies": [], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "hdaflny", "text": "Attitude is more important that what you know. Showing you understand the basics is fine - if you do know them. If you aren\u2019t confident on something leave it out. Nothing worse than someone who is thinks they know something but is wrong. Just be willing to work hard, learn and show you are ready to pay your dues.", "replies": [], "depth": 2}], "depth": 1}, {"id": "hd9zpms", "text": "Welcome to the business. Find out who you are interviewing with. Learn one or two major deals for the team you may be joining. Update your LinkedIn profile. We had some interns this summer and the ones that impressed me knew the lingo and the business. It is way more competitive then when I got into the business.", "replies": [{"id": "hda0ck8", "text": "Any key concepts or terms i should know? And thanks for your advice", "replies": [{"id": "hdag7dv", "text": "Brush up on cre networking associations, naiop, uli ect. \n\nThe first couple interviews are just to see if you would be a fit, I.e does this person get the industry and understand how the business works and their role in it. \n\nAfter that the next interview will be on more technical things, but this is an entry level position, so don\u2019t worry to much about that. \n\nMostly, brush up your first impressions and get one or two talking points to make you stand out.", "replies": [{"id": "hdagsdz", "text": "Excellent. Thank you brother", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hdbx4ry", "text": "Follow up with a handwritten thank you note.", "replies": [{"id": "hdbydyk", "text": "That i mail them? A thank you email won\u2019t suffice?", "replies": [{"id": "hdc1ecx", "text": "Good ole fashion snail mail. 2-3 sentences max, throw in something from the interview if possible.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hddl2sb", "text": "I've helped quite a few graduates and university students get jobs and/or internships. Solid advice in the responses so far. I'd also try to figure out who you're interviewing with and look into any connections you may have with them. Connections can go a very long way. \n\nIf you interview with multiple people I'd follow up with each. A hand delivered thank you is usually quite impactful. Best of luck!", "replies": [], "depth": 1}, {"id": "hdgn6uv", "text": "Are you interviewing to be a brokers analyst? If so then who? \n\nI\u2019d know basic things, like what a cap rate is", "replies": [], "depth": 1}, {"id": "hdkyh08", "text": "If the two interviews are outside of HR I'd make sure you understand what the interviewers do for a living in advance (Linkedin), and if their background is in asset management, brokerage (prob not), commercial appraisal, or something else. If they are HR ask broader questions and stay within the lines of the job specification as much as possible. You first goal is to make it to the next step in their process, second is to determine if you would be genuinely interested in the people and challenge - imagining you have a handful of other viable options.", "replies": [], "depth": 1}]