Junior-level positions in CRE and development and how to get them...
Been looking to make a move from the banking world for quite some time.

Had two opportunities I passed on. One as a PM for a JLL (can still probably get this) and one as a Lease Analyst at a Big 4 consulting firm.

Will there be anything else out there to look for with just a B.S. in business and some work experience?

Rather not go right into a graduate program without any real world experience in RE.

Thank you.
[{"id": "cjxmi9x", "text": "I went to get my MBA with the idea of switching careers into real estate. I got real world experience while in school. I had 3 different internships over the 2 years I was in school. 1 was a full time summer internship and the other two were part time during the school year. It helped me land an analyst job with a developer after school, and after nine months I was promoted to manager of the analysis group. So yeah...going to grad school with no CRE experience can work out.", "replies": [{"id": "cjxmv2l", "text": "My concern isn't that it wouldn't work out so much as I want to get my feet wet and make sure I enjoy it before spending a boat load of money and time on tuition.\n\nI've seen quite a few junior level analyst positions at the bigger firms like CBRE and JLL.\n\nI'm also still trying to make sure I want to be on the finance side vs the project management side.\n\nGlad it worked out well for you!", "replies": [], "depth": 2}], "depth": 1}, {"id": "cjxmnfx", "text": "Can you give some insight into being an analyst with a devolper?  Do you like it? What did you do before?", "replies": [{"id": "cjymqet", "text": "I assume you meant to reply to me....\n\nI love being an analyst for a developer. We're always having to be creative in how we can make deals work, so no two analyses are the same. From how we purchase the land, to how we negotiate financing with the bank, to how we waterfall the equity...I am always challenged at my job. Plus, the other part of my job is valuations and a lot of heavy Argus use which I like. Prior to being an analyst for my company, I was a more general corporate financial analyst. For two years I worked for a large Travel company and for two years after that I was kind of like a consultant. Hope this helps.", "replies": [{"id": "ck0igq5", "text": "Yeah, I meant to respond to you but I am on my phone. Thanks for the reply. A couple follow ups:\n\nWhat's the one deal that you have been 100% behind and didn't work out? That has to be frustrating. \n\nNot to get to personal but do you make salary plus bonuses for completed deals?", "replies": [{"id": "ck0zdtd", "text": "As an analyst, I'm really not emotionally invested in the deals I work on. It's just numbers to me. The Development Partners/managers probably deal with that, but I just put the numbers where I'm told.\n\nMy company is relatively large, and so I'm just part of the overhead. That is to say, I have a salary and my compensation isn't tied (directly) to the success/failure of deals. I can also earn a year-end bonus based on performance. This assumes the company is profitable for the year.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ck01xxv", "text": "Just a piggyback question here. I've been working in property management in a CRE firm for about a year now. The work is interesting but I've been speaking with my friends in analysis and they seem to be doing more of the thinking portion of the job as opposed to making friends with tenants. \n\nI enjoy:\nCalculating budgets,\nCAM Reconciliation,\nReceiving bids on jobs,\nNOI calculation and maximization,\nLease v Buy analysis\n\nWould I be better suited for an analysis position, or will an eventual asset manager position provide a more creative outlet for my talents and interests?\n   ", "replies": [{"id": "ck0cu06", "text": "hey man i am looking to get INTO the industry. not in it yet unfortunately. \n\nmay i ask where you are working (what area of the country)?", "replies": [{"id": "ck0hkd6", "text": "Im in Arizona, how about you?", "replies": [{"id": "ck0hmnb", "text": "NYC", "replies": [{"id": "ck0idbt", "text": "No advice out there actually. As far as breaking into the business I would need to know more about your background and education. Feel free to pm me if you like.  ", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ck8g3dc", "text": "I've been wondering this too.  I have 4~ years doing management and about the same doing commercial brokerage (finance degree with a focus in real estate).  It seems like every developer opening for anything above accountant or admin stuff wants an MBA and like 10 years in development.  Development is just starting to come back here a bit.  Is the market just that tough or are they hoping for the best and settling?  Getting an MBA right now isn't really a great option, though I'd like to do it at some point.", "replies": [{"id": "ck8g5q0", "text": "also just to respond to that a bit I think the last two lease analyst jobs wanted, or strongly preferred, candidates with law degrees.  It just seems like they want a hell of a lot of schooling for any job that isn't all sales or doing filing type stuff for very low wages.", "replies": [], "depth": 2}, {"id": "ck8l3pg", "text": "dude you've got a way better chance than me seeing as how i have 0 experience. ", "replies": [{"id": "ck8lnd3", "text": "ah thanks I guess ;) I probably haven't been trying hard enough.  Every few months I'll look through job listings and just be kind of disappointed.\n\nhttp://www.xceligent.com/ is a commercial listing service we use.  I'm not sure exactly what they are hiring for, I think research consultants and sales, but they email me stuff all the time asking for referrals saying they have a lot of open positions.  If you are just looking for any commercial experience that may be worth looking at, though honestly what you put in the header sounds like better options.  I don't see a career section on their site unless I'm missing it.  If you want send me a pmsg with your email and I'll forward you one of the ones they have sent me asking for people.", "replies": [], "depth": 3}, {"id": "ck8lv2e", "text": "also just to reply to your other post a bit, a junior level analyst position at a firm like CBRE/JLL probably means you will be running comps, doing valuations, and making marketing packs etc.  Not that there is anything wrong with that, but its generally to get experience to switch to CRE sales.  I don't know if that interests you or not, but its very different than an analyst position for an actual property developer both in terms of compensation and job duties.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ck8m1ac", "text": "I am over 2 years out of college working as an (jr.) acquisitions analyst/asset manager for a small CRE investment firm. I graduated with a BS in Economics, Business Minor. The only CRE experience I've had prior to my current job was helping a fraternity brother, databasing for him at Marcus &amp; Millichap as a summer internship. \nI found my current job through networking. Working in a small team, I've had my hand in all aspects of the business, from the initial underwriting, acquiring the asset, working with property managers and leasing agents managing the asset, and disposition of the asset. I enjoy wearing multiple hats everyday and learning different aspects of the industry that you may not see as just being a PM or Lease Analyst. \n\nAgain, I came into this job with little experience in CRE, but I had to work my ass off to keep up.  ", "replies": [{"id": "ck8vya4", "text": "What skills can I beef up on in my free time to make me more marketable to a similar company?\n\nHow is the work atmosphere?", "replies": [{"id": "ck8z96b", "text": "-Make sure you know your way around Microsoft Office. I live out of my excel spreadsheets and models I've created. Bigger groups use Argus for their modeling but it's too expensive us and excel has worked out well.\n-Know how to read financial statements. \n-Understand the basics in lease types - Full Service, Plus E..., NNN etc.\n\nI enjoy the work atmosphere. It can be very fast-paced and overwhelming at times. It's important to know how to manage your time and prioritize work and make deadlines. ", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}]