When and how did you start your CRE career?
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[{"id": "ecwvbkv", "text": "You don\u2019t need a degree to be in commercial real estate on the brokerage side.   If you want to be equity side, those are typically analyst roles and those spots are limited/competitive and entry level pay is not as good as brokerage.  If you want to work hard, continue doing sales, and potentially make a shitload of money, start learning everything you can, read the local business journal, start networking with the local CRE community, request meetings with the guys in charge, keep pushing until someone lets you in because if you can\u2019t do all those things you can\u2019t do this business. ", "replies": [{"id": "ecx06db", "text": "Yeah, I know you don\u2019t need a degree. But I still think I want to get one. ", "replies": [{"id": "ecx0mxu", "text": "I guess it\u2019s easy for me to talk shit on degrees (I have 2, almost 3, and the debt to prove it).  From my experience watching guys come up in the business, time in the business is by far the biggest factor.  Once you are in for 3-5 years no one cares if you have a degree or not unless it\u2019s from a prestigious university.  Even then, that matters much less after you have experience.  Go get a degree if you want to, but if you are already concocting a backup plan in case you don\u2019t make it you might as well just go with whatever the backup plan is.  You\u2019re going to go a year without any idea how to do this business and make no money before you even figure out what you are doing at all.  That\u2019s the business.  If you\u2019re going to jump ship in 12 months you might as well jump day 0. ", "replies": [{"id": "eczxlxe", "text": "So, what if I end up not liking CRE? I\u2019m a planner, and I think it\u2019s sensible to have a back-up. And for me, it would just set me back another year or two going back to school. \n\nIf I like it, I have no doubt I can be successful and that I wouldn\u2019t mind pursuing cre as a career. \n\nRight now, I\u2019m thinking of either going into CRE or going back to school and potentially doing cre, or another career different from what I\u2019m doing now and requires a degree. Two different paths. \n\nI\u2019ll do more research and contact some brokers. I need to know what the day in the life is, really. Some jobs I\u2019ve had, I thought I wouldn\u2019t like until I did them. Others I thought I\u2019d love, but hated once I had the job. \n\n", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "ecx28gh", "text": "Disagree on entry level pay for equity side. You can easily make close to 6 figures between base salary and bonus as an entry level analyst at a middle market/institutional sized fund or operator. That\u2019s why those positions are so competitive and any Joe blow off the street can become a broker. \n\nEvery broker I\u2019ve met said it took them 3-5 years before they started getting close to 6 figures and could pay their draws back, and those are the 20-30% that did not burn out. ", "replies": [{"id": "ecx2kjn", "text": "I made that year 2 and doubled it year 3.   Not saying my results should be expected, but I\u2019m not exactly multiple standard deviations outside the norm either.  I know multiple guys that are in that neighborhood if not better 2 and 3 years in.\n\nThose analyst salaries are higher than I expected though.  Regardless, they are typically going to be filled by people with the right education and relevant experience (or helpful relations).", "replies": [{"id": "ecx33cf", "text": "A second or third year broker in his/her early 20s making close to 6 figures is EXTREMELY uncommon, sorry. Glad you were an exception. ", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}]