Brokerage Vs. Investment: pros/cons and advice all appreciated
I apologize in advance if this degree of career advice violates the community guidelines, but I am looking for some guidance. I am a senior in college at Ohio State with about 3 years of internship experience spanning across brokerage, property management, and some investment. I am now tasked with making the decision of working with a local niche brokerage or continuing to look for analyst positions at other companies. Any advice regarding things I may not know or expect, early career advice, and frankly anyone I can speak bluntly with about the realities of the first couple years in the industry would be greatly appreciated. Thanks guys!
[{"id": "hw3xvjs", "text": "If you want to go into brokerage have 12 - 18 mo of expenses saved up. Commission/sales roles are tough and can burn you out mentally and financially. On the flipside, there is potential for high income. \n\nPM is safe but has a ceiling for career progression. \n\nInvestment is also safe and most likely pays salary + bonus if you find the right shop.", "replies": [{"id": "hw4rumq", "text": "So I do have a commitment that I will be paid as a property manager until commission checks exceed what my \"would be\" salary is.  So it definitely eliminates a lot of the instability associated with starting out", "replies": [], "depth": 2}], "depth": 1}, {"id": "hw7pcp9", "text": "Why limit yourself to these roles though just out of curiosity? Ohio has all the big brokerage shops where you could team up with a good mentor. I\u2019m\nHappy to talk to you if you want to DM me. 10 years in the industry. 8.5 as an investment broker in the Midwest.", "replies": [{"id": "hyj17ae", "text": "Do you recommend someone getting into a 100% commission position in investment sales? Recently graduated college and was told this career is very lucrative but not easy.", "replies": [{"id": "hyj37v8", "text": "Shoot me a DM - this is not an easy or short answer but I\u2019ll give you my number for a quick call to explain.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}]