Received a job offer today. Would love some advice from experienced folks in CRE.
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[{"id": "ifybdxm", "text": "It all depends on how much you value mentorship. To me I see jobs as more of just a pay check but a way for you to learn more and be an expert in the field. The sense of accomplishment cannot be understated. If the new job can maybe teach you things that launches your career even further then I\u2019d take it if I were you.", "replies": [], "depth": 1}, {"id": "ifycx9g", "text": "If it is a devils wear Prada situation where the person is insufferable but the best in the field, then I would suck it up and put in a couple years as you will meet people and get experience that will be the cornerstone of your career. \n\nIf this is some random nobody family shop and you are just doing it for the paycheck, bounce. \n\nFind the biggest badass you can and work for that person while you are young and can learn something. People love to mentor who they consider to be their younger selves. \n\nAnd congrats. 100k in your early 30s is pretty great.", "replies": [], "depth": 1}, {"id": "ifyhpsd", "text": "wow sounds just like my old boss!\n\ni\u2019ve been an analyst for past few years in asset management but i\u2019m headed to investment sales soon.\n\nnew company compensation sounds like decent senior analyst pay \n\nif i were you, i would want to know who i\u2019m working under/with and what i can expect to learn and or be involved with. it can be good sometimes to go to smaller boutique firms as you can get really involved sometimes. you could then move back to a bigger firm after getting some experience at this smaller firm.\n\nwould you be working on acquisitions or asset management or what?", "replies": [], "depth": 1}, {"id": "ifz40f3", "text": "Sounds like you are qualified to do either/both jobs and compensation is a smallish increase in the new job.  I\u2019ll say that my own experience was impacted by the size of the company/organization. I went from a small privately owned company to a large bank and hated it- I was a small fish in a big pond. Only lasted two years before I reverted back to a small company and really enjoy it more. That\u2019s my 2 cents- try to think about the job \u201cexperience\u201d as much as the work itself.", "replies": [], "depth": 1}, {"id": "ifz66sz", "text": "Think about whether there is a path to advance in the family-owned shop. Many times, you can only go so high in the company - anything above is reserved for family only (in other words, forget about becoming any kind of partner/principal because control and ownership stays in the family). As you are already in your 30\u2019s (not that this is old by any means, but you could be ready to move up to higher levels soon), this is a consideration.", "replies": [], "depth": 1}, {"id": "ifzah8p", "text": "Personally would worry less about company size and more about company culture/ working environment.  The salary is too close to be a factor (the additional 15k at new job could be eaten up by worse benefits). You could also try to get your current company to make a counter offer (new company could also \"counter the counter\") in order to bump up the salary a bit. I made a similar move one year ago and it was one of the best decisions I ever made. Good luck!!", "replies": [{"id": "ig2uahq", "text": "This", "replies": [], "depth": 2}], "depth": 1}, {"id": "ifzityx", "text": "Hey, are you me?\n\nDon't run away from your current job, run *toward* a great new opportunity. You're obviously stagnating in your current role, but it try to reflect on whether you might be overworked and have frustratingly little independence in the new role or be fine with the owner being involved because you're learning a lot and getting the project exposure you want.\n\nIf you haven't already, talk to your current boss about which specific tasks or work streams you want to be more involved in, e.g. financial modeling and owning the development pro forma. Make your case to take on that work and make the most of it while you look for a new job that's a better fit than either of these two. The alternative is that you take this new job to do the type of work you want and then leave within 2 years if it's a bad fit.\n\nI was in the same boat, early 30s male in affordable housing development with duties that were not a match with my core competencies and interests. And a boss on whom I could ever get a read. When I starting looking again, I forced myself to be patient and passed on the first couple job opportunities before accepting an offer with a firm for which I'm really excited to work.\n\nAnyway, it's a shit time to be in affordable housing development. Finance or acquisitions is still a good play.", "replies": [], "depth": 1}, {"id": "ifzj7zm", "text": "PM me! I'm in similar situation.", "replies": [], "depth": 1}, {"id": "ifzmpay", "text": "There are a lot of good responses here already so I will try not to repeat what others have said.  There are benefits on both sides and it really depends on what you value and what you can tolerate boss-wise.  One other thing to consider is that we are likely headed into a dark time in CRE so it is probably worth considering which of the two positions is less likely to be eliminated if we go into a GFC type correction over the next several years.", "replies": [], "depth": 1}, {"id": "ifzu37f", "text": "if you want to stay in RE finance, are you looking at capital markets jobs? i feel like being any investment analyst would remove your from re finance entirely.\n\nalso, you max salary needs are super low. if you're running capital markets for a re shop, we're taking mid-six-figures at least. at least in a big city.", "replies": [], "depth": 1}, {"id": "ig2up9o", "text": "Think about your ideal role and the skill set that it will require, then go for that job. Stagnating in your early 30's is not the place to be. I may be over ambitious but as someone once put it to me \"if you're not terrified of your next job, it's not the right one.\" Culture/people you work with is immeasurably important. I'm at the VP level and turn down more money all the time as I really enjoy the people I work with, the flexibility, and most importantly, a real voice in the company that people respect.", "replies": [], "depth": 1}]