Post-MBA to REPE

I'm currently a Big 4 consultant with around 2 years of experience interested in transitioning into real estate private equity. I've had a lot of conversations / interviews with smaller / mid-size shops but keep getting told that I would be a good fit but right now they need to hire someone with a real estate background already (and that they would keep me in mind if an entry level analyst role comes up).

As such, I decided to go out and apply to a few T20MBAprograms. I'm a little concerned that coming out of theMBA,我要么不会为重复角色竞争,要么我会被重新担任MBA入门级角色,因为我在入学时只有2。5年的经验。根据您的经验,您是否看到了T15(NYU,Cornell)或T20学校(UNC,UTA,USC等)的员工,没有事先房地产经验,跳入房地产私募股权?在分析师或副级别上,这是与较低的comp的相关级别吗?我只是担心,如果我上学,我可能会进入其中一些学校推出的频谱的低端(70-80k,这将是削减工资)。

另外,我可以等待市场,以便市场回来并尝试过渡MBAor apply again to some of theM7in a year or two (I have the GMAT / GPA but the work experience killed my applications). Thank you!

Comments (6)

  • Analyst 2inConsulting
Feb 26, 2021 - 3:56pm

Yeah, I definitely think that makes sense. I'm pretty interested in one of those T20 programs, but I'm a little concerned about the quality of the students given the much lower score averages. Also at such a specialized school, options other than real estate aren't so appealing if anything changes. I think the big differentiator is going to be the ability to come in at the Associate level (since I think I can get an analyst position if the market picks back up).

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  • Works atJones Lang LaSalle
2021年2月26日至12:39 PM

Have you searched on LinkedIn anyone who had your current role and is now on the principal side? I'd suggest to start there and get their thoughts.

Not sure if anMBAwould be the answer here, maybe an MSRE/D if you know RE is what you want long term, otherwiseMBAoffers optionality, but costly and not needed for most RE positions. However, I do not know anyone with anMBAwho came in as an analyst. I see a lot of people with MSRE/D come in as analysts though, but the quality of shops vary. I think with 2 years post UG experience, you are a fit for most entry level RE analyst positions (not really entry level, 1-3 years exp usually).

由于我也是分析师,所以不能谈论合伙人招聘,但我认为您需要更多的工作经验MBAif you're gonna target the truePEshops whereMBAgrads go. Two years at Big 4 doesn't scream " REPE associate-caliber". But overall, there are so many buyside firms where you do not need a grad degree to work there. The higher caliber the shop, sure, but forMM/lmm公司,您绝对不应该,通常这些公司的校长也是骗子。

我现在建议仅仅继续针对特定的公司和使您感兴趣的角色,并继续与网络进行重击。春季/夏季即将到来,在此期间,投资活动也应越来越大。

  • Analyst 2inConsulting
Feb 26, 2021 - 4:00pm

Yeah, this definitely makes a lot of sense. I've networked pretty extensively, but unfortunately have seen very few people make the jump with such little real estate experience. In the job market now, self-taughtfinancial modelingdoesn't seem to cut it either. I'm just hesitant to take a step back from consulting and look at non-PE real estate roles if the real estate goal doesn't materialize.

Feb 26, 2021 - 12:52pm
bruce1, what's your opinion? Comment below:

I just started as an analyst at an small ~$1.7B AUM REPE focused on the middle market. Graduated from state school and worked as aCREbroker for a year made basically no money and was recruited for this role. Honestly not sure how I got here but I am happy to answer any questions if you DM me

2021年2月27日 - 12:25 pm
goodL1fe, what's your opinion? Comment below:

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