Real Estate Pathway
Hello everyone, need some advice. Been in capital markets for half a year now. Salary is okay but have been working 70 hour weeks. Needless to say any recommendations. Should I try to get into pe? What jobs in commercial realestate make the most amount of money w least amount of hours?
Curious as well. People talk about wlb in real estate but those seem to be just for mediocre paying roles. I know people at corporate PE shops who didn’t do banking making 240k as an associate working 9-5:30
Asset management comes to mind. Compensation isn't the best but for the amount of hours worked it seems pretty worth it.
Like servicing asset management IE writing loans or IB asset management?
I mean asset management in the CRE industry, as OP mentioned they were looking for that. That includes servicing (AM at a bank/lender), but also AM at an REPE fund, REIT, developer, etc. Not sure what IB asset management is.
The key here is to get into a role that isn't measured by hours worked. For instance, in development, if I have 12 hours of work to do one day I do 12 hours of work. If I have 2 hours of work to do, I do 2 hours of work. The project(s) determine that, not some weird "live for the grind" office culture, and I get compensated on the success of the project, not based on an hourly rate.
You can achieve this kind of lifestyle in development, acquisitions, brokerage, etc. but you need to get beyond the analyst/associate level to do so. Far beyond "half a year." Don't chase a certain path because you think it is most money for least amount of hours worked. Do what you are good at and eventually you will have full control over your life.
This is also my mindset. Only a year into my career in development and I’m treating these years as career development years.
I know my “money-making” years are ahead of me and that’s when I’ll be more mindful about how much I earn for what I’m doing, and where I’m doing it.
That's a good mindset to have. I'm in a similar situation, but working at a lender. If you don't mind me asking- what has deal flow and transactions been like the past year? Thoughts on doing development long term?
How many YOE and/or how old do you feel you need to be until you start truly caring about compensation?
How many deals would you typically run simultaneously?
1-3. 4 at once sucks.
In my experience, the larger shops are all fairly similar across the board in that they pay well but also have minimal WLB. Smaller shops vary more from low pay and long hours to high pay and low hours. You really have to network around to get the inside scoop for the smaller shops that have good WLB.
Bruh you're half a year into your career and you're already waving the flag? I burned the midnight oil for years before I started seeing much improvement and that's largely because the learning curve is steep and you gotta put in the time to become a well oiled machine that pumps out results with much better efficiency. It gets much better as you move up the ladder but it takes time. On avg, I don't really work more than 45 hrs a week but I was grinding same hours as you in the beginning. You think you're gonna go to the REPE side and work less as an analyst? I got news for you and you won't like it. As some others have mentioned, if all you want is better hours, pivot to AM.
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