再保险IT Valuation in US vs. Asset Management in Europe
Hello, I am a French/American student in a French school with no international pedigree. Up to now, I havedone 1 Valuation& Advisorysummer internship in one法国办公室的顶级国际公司（CBRE，JLL ...）
And am currently doing a gap year where I planned doing two off-cycle internships (6 months, very common in France and UK). I will have a semester left of class in September before graduating. I am currently at a small再保险PEfirm in San Diego that has deployed its first fund (15M in equity) and is raising its second one (30M in equity).
Learned so much, I am part of the deal process, speaking with theCEO每天都有大多数投资者，我将重点关注80％的收购，但是进行一些物业管理，项目管理，也可以帮助筹款。但是我没有太多网络，也没有品牌名称。
Here are my options for what to do next:
- Stay at the no-name REPE shop where I am learning a lot and am integral to the team (paid minimum wage) for the following 6 months
- 从前10名获得了6个月的报价再保险ITthat hasbeen growing a lot in the past year (large合并）but in Valuation and Market Research (I found it weird to have a valuation department internally to a再保险IT...) (not what I want to do) I would be able to save a lot of money though because I wouldn't pay rent and have a decent salary and do some networking.
- Have two offers in real estate资产管理but in France, form the largest European asset manager, top ten worldwide and from the largest French investment bank (they have a Real estate asset management branch with a few funds). ( Best shops to work for in France but no US recognition). Paid like shit.
有任何输入吗？我想长期留在美国，并在Repe中工作，热爱我目前的工作。
Comments (5）
So, you have a lot of moving parts here.... so just my thoughts, may not all connect tbh...
- If you want to stay in the US, get a job in the US, if you start working in France, it could be really hard to get good gig back in US without doing full reset/restart (I'm assuming you have US citizenship/work permit, etc. so that is no issue). Not saying it is impossible, but you will be at major disadvantage in networking, interviewing, and even building relevant market skills. If the French firm had legit US offices, then maybe slightly different if could do transfer later on, but that doesn't sound like what you are describing.
- 估值/市场研究地位再保险IT对我来说听起来很有趣（请注意，我正在研究/策略，所以这是我的“区域”哈哈）。这些单位直接与收购，投资组合/资产管理和资本市场有关。估值实际上是房地产投资管理中最关键的技能之一。总体而言，这听起来像是一个非常有吸引力的位置（考虑到您可以合法帖子的信息有限）。另外，如果这确实是“前十名的REIT”，那么它很可能是家喻户晓的名字，因此，对于其他所有相等的简历，它都会更好。对于那些关心的人，我想这具有良好的“退出操作”（也许在内部使用再保险IT，，，，but def externally).
- Hard to say much about a no-name REPE shop, but a first fund of $15m equity is tiny micro, and $30m is as well tbh. Not sure what asset class/deal type they are working in, but it must be small, and sounds like it could be sub-institutional. Now, none that is necessarily "bad", but your career progression onward could be more limited as it likely won't make you all that interesting to big institutional shops. If you like the "space" they are in, want to do those kind of deals, be in that world... then go for it. Not everyone wants/cares/or should be in the big "institutional" world. Truth is there are tons of $$$ to be made and good careers in the middle/lower market world that gets trashed onWSO经常。我或多或少地从一家在这个世界 +合法中间市场上玩的商店开始了我的职业生涯……这很有趣。...我个人更喜欢“大联盟”世界，但同样，这一切都是个人的。
无论如何，这些都是我的想法，祝你好运！
Thank you so much for your input.
Yep I am a dual citizen.
The US再保险IT我停下十个划定市值40B+
法国资产经理确实有美国办事处，但他们不处理房地产，只有ETFand equities. They have a Real Estate大约欧洲40B+。
我知道，如果我现在离开美国，我肯定需要学位（msre/MBA）或在获得另一个“机构”报价之前，在另一家无名字商店的经验。即使我不想参加团队（我也申请了收购和资产管理），而且我看不到自己再保险ITlong term, it's tough to give up on a offer in the US knowing that I didn't even have to pay for a US degree.
I guess I just have to chose where I want to work in the future and that is a personal choice. I have to chose by tomorrow so hopefully I will make up my mind soon .
But overall in the US there is much more opportunity incrE，在法国，它主要是机构或家庭办事处。没有多少小/中PEshops doing creative conversions and opportunistic deals, due to high taxes and heavy regulation.
All makes sense, and first jobs are rarely last jobs. I will note, a lot of people focus on acquisitions and asset management (like literally 90% of thebuyside线程on WSO), and totally forget about the other/smaller front-office buyside groups like research/strategy, capital markets, and sometimes finance (sometimes this is legitfront office，，，，有时非常后台TBH）甚至是投资者关系（在这一关系上，取决于公司）。
Truth is, so long as you start off in one of those areas, you pretty much have full flexibility (as much as the next person anyway). Frankly, it's probably easier to go from a valuations/research team to an acquisitions team than it is to go from asset mngt to acquisitions (at least from skill alignment/experience perspective). Regardless, you gotta take the best of what you get offered. Let us know what you pick!
与美国的报价一起去，感谢您的帮助
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