2:08 This is a winner. These are the lists I used when I was looking for jobs. 5:50 100% true. you have to do your work networking but top companies recruit from top schools. This is a great video and will be valuable for years in the future
Great vid as always, Justin. I came up with a doubt about getting a job: In job descriptions, what does it really mean "Preferred but not required"? (I.e. ARGUS Experience preferred but not required). Is just another way of saying it's a prerequisite? Does it mean "We are desperate for a candidate, he could learn this on the job"? Thank you.
Is it too late to transition to CRE? I just got into RE a year ago doing leasing sales, have I missed the cut? Seems like they mostly want fresh out of college GENZers now a days.
Hey Justin, can you do a video based on what you know about the company cultures at all these places beyond the information Glassdoor gives us? E.g. how collaborative people are, what hours are actually like, how much freedom/trust they tend to give you to manage your work, etc. In my experience this varies wildly from company to company and it’s hard to get an honest appraisal without actually working there.
I think the problem is these firms rarely hire someone straight out of university without much work experience. For example, Blackstone Real Estate Group always prefer to hire investment bankers from bulge bracket banks rather than someone straight out of university or coming from a real estate brokerage. There are exceptions but in most of the cases those people went to very good universities like Wharton or Harvard.
so what did the blackstone ceo say in that article to make candidates stand out? its paywalled so i cant access it. is it pretty much the same thing you cover in your previous videos that focus on "how to stand out" in CRE?
Do you think it's possible to join a small shop pe firm right out of undergrad? Thanks for the two important websites. I never heard of them before wow
in theory yes. but small firms don't need a lot of people. I worked a medium size vertically integrated real estate investment firm. We had over 17,000 doors under management and had completed $20B in transaction volume.. Our investment team was about 8 people. I interviewed for a firm recently with $2.8M AUM about 6,000 doors. They only had 6 people on their team including the CEO and COO. You can do a lot of business with a small team and they will usually hire more experienced people .The best way to get into these companies is going to be by networking and being willing to go where the job is. the first company that I worked at would hire new grads with RE focused MBAs or MREDs but only if we had an open position which when I was there only came up once in two years
Internship at a smaller firm is possible from undergrad if you have relevant experience and very good modeling skills. Will be tough though as many postgraduate students and sell-side analysts are applying for these internships as well.
![Analyst vs. Sales Roles in CRE [Where To Start]](http://i.ytimg.com/vi/Q_aRSaNBD-c/mqdefault.jpg)
![Analyst vs. Sales Roles in CRE [Where To Start]](/img/tr.png)
![How To Become a GREAT Real Estate Analyst [3 Steps]](http://i.ytimg.com/vi/WVyaHPLNg7k/mqdefault.jpg)
![What Commercial Real Estate Firms Are REALLY Looking For In Analyst Candidates [Right Now]](/img/n.gif)
Any other helpful resources or lists you've used that didn't get a shout-out in the video?
2:08 This is a winner. These are the lists I used when I was looking for jobs. 5:50 100% true. you have to do your work networking but top companies recruit from top schools. This is a great video and will be valuable for years in the future
Just found your channel. I've already watched 2 vids. About to go on a binge ❤😊
Great vid as always, Justin. I came up with a doubt about getting a job: In job descriptions, what does it really mean "Preferred but not required"? (I.e. ARGUS Experience preferred but not required). Is just another way of saying it's a prerequisite? Does it mean "We are desperate for a candidate, he could learn this on the job"? Thank you.
This channel is truly incredible Justin. Great work.
Is it too late to transition to CRE? I just got into RE a year ago doing leasing sales, have I missed the cut? Seems like they mostly want fresh out of college GENZers now a days.
Hey Justin, can you do a video based on what you know about the company cultures at all these places beyond the information Glassdoor gives us? E.g. how collaborative people are, what hours are actually like, how much freedom/trust they tend to give you to manage your work, etc. In my experience this varies wildly from company to company and it’s hard to get an honest appraisal without actually working there.
I think the problem is these firms rarely hire someone straight out of university without much work experience. For example, Blackstone Real Estate Group always prefer to hire investment bankers from bulge bracket banks rather than someone straight out of university or coming from a real estate brokerage. There are exceptions but in most of the cases those people went to very good universities like Wharton or Harvard.
so what did the blackstone ceo say in that article to make candidates stand out? its paywalled so i cant access it. is it pretty much the same thing you cover in your previous videos that focus on "how to stand out" in CRE?
I would like to know on an accounts personell role in the real estate industry
Do you think it's possible to join a small shop pe firm right out of undergrad? Thanks for the two important websites. I never heard of them before wow
in theory yes. but small firms don't need a lot of people. I worked a medium size vertically integrated real estate investment firm. We had over 17,000 doors under management and had completed $20B in transaction volume.. Our investment team was about 8 people. I interviewed for a firm recently with $2.8M AUM about 6,000 doors. They only had 6 people on their team including the CEO and COO. You can do a lot of business with a small team and they will usually hire more experienced people .The best way to get into these companies is going to be by networking and being willing to go where the job is.
the first company that I worked at would hire new grads with RE focused MBAs or MREDs but only if we had an open position which when I was there only came up once in two years
Internship at a smaller firm is possible from undergrad if you have relevant experience and very good modeling skills. Will be tough though as many postgraduate students and sell-side analysts are applying for these internships as well.
Go JLL