Transition from GP Asset Management to NYC AM/Development (MBA?)
Hi all, going through an early career crisis and would appreciate any help or insights.
现在
Role: Asset Manager for multifamily GP/developer, sit in PHX, covering Phx & Texas markets. Portfolio size of around ~20 deals in various stages.
Experience: 4 years total
Comp: ~$200k all-in
Education: Ivy League (not HYP), 3.3 GPA
GMAT：N/A，2020年的夫妇练习考试〜750。
Goals
In short, work and live in纽约C。我已经考虑过多年来采取这一举动，并且还没有采取任何具体步骤来使其成为现实。我不想尝试这个，并有某种持久的遗憾。我讨厌凤凰大声笑。这里没有朋友或家人。
我愿意在副级角色中“重新开始” - 我节省了很多。但是，我对少于15万美元的底数不满意。
Next Steps
老实说，我不确定从哪里开始。我对哪些小组甚至开始研究纽约C- I've been digging up some oldWSOposts about NYC-based firms (development and owners). I don't have actual development experience, and I feel like myAsset Management skills do不转移到LP侧。与我类似的所有其他公司都位于西南/东南/南。我发现LinkedIn上的工作很少 - 如果我想换作业，我知道将需要大量的网络。
商学院might make sense as well - Columbia has a killer program, would create a network for me naturally, I think I'd have a leg up on all the career changers in the program. Can spin a good story about transitioning to development (affordable, etc.) for adcoms.Opportunity cost sucks当然，在这种情况下 - 但将是一个不错的重置。我还认为，如果/当未来机会出现时，这将是在我当前公司保持良好关系的最佳方法。回到学校，玩得开心也很有趣。不需要杀死自己IB/MBBrecruiting， 可能做some T2 consulting interviews。但是，主要目标是在RE进行网络，与课程兼职实习，然后从那里开始。
I'm currently planning on just signing up for aGMAT课程and taking it in the Spring. Can't hurt. Without an actual score in my hand, the business school route is just pointless conjecture. Might even be good leverage at my current company?
Sorry for the essay..
TLDR: Looking to transition to纽约C在开发或AMcapacity. Unsure ifMBA说得通。
评论 （3)
Did not mean to post this in the Business School section - sorry for the bump.
You can make the transition. The纽约房地产小报是看看谁是大型开发商的好地方纽约Care (or who is making waves). Read The Real Deal for纽约或商业观察者。Crains Real Estate也很好。
I don't know what your day to day is but you can 100% move fromAMat a GP to an LP. If you want to move to development; I think you should look at development management roles that deal more with business related items instead of construction related items. You'll generally find a split between development management and project management at larger firms and more complicated projects. Development management on the business side is very similar to asset management. It's what I do. Day to day I handle: capital raising (debt and equity), budgeting, lease negotiations,valuationand modeling, interfacing with the appropriate stakeholders in the city and my district, working with consultants, working with our construction project managers to make sure we have a good handle on what is going on, etc. it's all very similar to asset management and you can 100% make the transition via networking. Just start networking and see what happens. Reach out to headhunters too. You may find it's a bit hard right now as纽约is a tough market at the moment. Office building deals are tough to get over the finish line and so that knocks out a huge portion of previously active developers. Doesn't mean you can't get a seat, but just commenting on the market.
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