Your thoughts on Marcus and Millichap
I'm looking at a potential role with Marcus and Millichap.   I have never worked in commercial real estate before.    How is their training program?   Is this a brokerage that you'd suggest for an entry level broker learning the ropes.

Thank you for your insight
[{"id": "czy2iip", "text": "This business all comes down to how much you put into it.  If you want it bad enough, they provide enough support to make it happen.", "replies": [], "depth": 1}, {"id": "czy4rph", "text": "Odds won't be in your favor but it's a way to get into the industry ", "replies": [{"id": "czy4zys", "text": "What is an example of a better route?", "replies": [{"id": "czy5bbk", "text": "What path do you want to take? Broker?", "replies": [{"id": "czyj0wo", "text": "Being a broker is ideally the direction I'll head in.    I have strong sales skills. ", "replies": [{"id": "czyj9el", "text": "Marcus has a very kill or be killed culture. If you aren't familiar with cre it can be hard to get started. ", "replies": [{"id": "czylf90", "text": "That's my understanding.   Is an environment like Colliers, Kidder Mathews, or CBRE any different?", "replies": [{"id": "czypepy", "text": "I can't say since I don't know. I know at cbre you can at least do some leasing to get small checks the first few years. I've always worked at local niche shops. ", "replies": [{"id": "czysvme", "text": "Would you mind speaking with me offline about the industry?  It'd be great to hear how you got started and about your career path.   I'm pursuing CRE very seriously and am trying to speak with as many folks in the field as I can to get a better grasp of how things work and how to set my expectations for the first few years. ", "replies": [], "depth": 8}], "depth": 7}], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}, {"id": "czy6v4s", "text": "I had an internship there with the local shop's leading broker.  I learned a lot about real estate and the company.  The company is set up with a good support system, and a sink or swim mentality after that. As a result, some of the brokers were a bit less scrupled, and the company has that reputation. The broker I worked with was a good guy and had been there a long time,  most of the good brokers moved on to other companies. \n\nLong story short, it's a good place to learn the ropes, and don't get tempted to take short cut to success, you'll end up fighting an uphill battle against the company's reputation.", "replies": [], "depth": 3}, {"id": "czzly9d", "text": "Starting at a smaller shop, they will likely be more invested in you succeeding.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "czyu601", "text": "This is just heresay, but from what I've heard their reputation is \"churn and burn\" for junior brokers. Not saying don't do it, but be aware of what you are getting into.", "replies": [{"id": "czz25pw", "text": "Supporting this perspective, this is the reputation that gets passed around about M&amp;M. They have a lower barrier to entry, leading to higher churn. They don't have much support for their junior employees as they don't view them as investments, but the ones that do last a few years are seen as having made it.", "replies": [], "depth": 2}], "depth": 1}, {"id": "d014ucr", "text": "This is the impression I always got too.  M&amp;M at least in my city seems to have different names all the time, and not because they switch to other brokerages.  Someone who has been there can probably speak better but the impression I always got was you have x time to do x business or your out and someone else gets your spot.  Minimum call quotas, brokers randomly listening in on your calls, pulling phone records too count how many dials you are doing etc I have seen or heard about them a few times  (sometimes here).  I'm not saying wherever you go you aren't going to be cold calling and networking etc, because you are.  M&amp;M seems to have a take anyone and you are basically working in a call center until you get established approach that I'd not say is common in this industry though.\n\nJust speaking from being on the other side I've found many M&amp;M agents do not really seem familiar with their properties and have trouble discussing them in an investment context.  \n\nCBRE, SVN, NAI etc seem better.  Your office will matter too, but I see a lot of names begin as analyst, marketing assistants, etc etc then become junior agents, senior agents, whatever.  Just speaking from some friends I have that work for brokerages like that, they tend to operate on longer term plans too and business strategies per agent that get more complex than \"call this many people, get a listing, and sell it in 12 months or you are out\".  \n", "replies": [], "depth": 1}, {"id": "d02735x", "text": "I currently work as a tenant rep broker for one of the other firms that you mentioned in an earlier reply and I also interned at Marcus.\n\nFirst, you need to know that M&amp;M only does investment sales brokerage. Nothing on the leasing side. That is very important to consider because, depending on how long you spend there, it will be your niche.\n\nTo echo other comments, yes, M&amp;M is a bit of a chop shop. Here's a desk, here's a phone, good luck. I have a buddy that started his career there and is doing well after 3 years. However, he made zero money in his first 2 years. Zero.\n\nI'll never forget a few things about my summer at Marcus. First, they would have almost daily calling competitions. Everyone has to put $20 in the pot in the morning and whoever makes the most dials wins. People would just POUND out calls without worrying about content. The guy I sat next to would play tetris while making dials. Also, they played the radio over the office speakers, which was odd.\n\nIf you decide to do it, make SURE to get aligned with a senior broker/mentor. I believe they may have some sort of training program for new brokers, but it could vary by office.\n\nColliers/CBRE/JLL/Cushman, etc are much more full service providers. They have all of the service lines and typically provide much more support and collaboration. I actually started in property management just so I could get a foot in the door, meet with all the brokers, and wait for one of them to start looking for a junior broker. Now we are a team of 3 brokers, a transaction manager, a financial analyst and an admin. You won't see that at Marcus.", "replies": [{"id": "hzil578", "text": "Hi , do you have a moment to chat/message about this offline? I am currently working in the residential property management industry but I'm looking to transition into CRE.", "replies": [], "depth": 2}], "depth": 1}, {"id": "d04jwgf", "text": "Do not just join a firm and become a broker. Contact successful brokers to meet for coffee... see if there are any needs on their teams. Join a successful growing TEAM and the firm will not matter.  This is how you will learn the business, otherwise you will be churned out...especially at a firm like M&amp;M that offers little to no resources for their brokers.", "replies": [], "depth": 1}, {"id": "d08k0hd", "text": "Marcus is hunger games for dumb young kids. If you want to be in sales, not leasing, sales, then go here. \n\nYou will be in a class of 60, and after a year, there will be one person left. \n\nAnd next year, just like magic, there is 60 new dumb young kids. ", "replies": [], "depth": 1}, {"id": "i5rmohk", "text": "Does anyone know about their fellowship program? Is it worth it?", "replies": [], "depth": 1}, {"id": "iyjkkkc", "text": "I worked at Marcus and Millichap as an assistant to a team of brokers. \n\nThey were decently successful but also pretty lazy and didn\u2019t really have a mind for the business. They worked 20 hours a week maximum. They were getting pressure to do more deals by the regional manager. The suggestion was always to just hire new agents to join the team, have them make calls and do their dirty work basically. Seems like a pretty bad business model. \n\nI saw one agent in particular do some very shady things with his deals. The regional manager knew about this but would never do anything. \n\nI now work at a competitor and have had a much better experience. I knew it was bad at M&amp;M while I was there but now having a comparison it seems even worse. I wouldn\u2019t recommend working there.", "replies": [], "depth": 1}]