I work around 50 hours and you're right about the after hours portion of brokerage, I didn't add that to my "hours" because it's predominantly recreational. I work under KW Commercial and I've noticed a difference between Commercial only agent brokerages and resimercial (residential and commercial)brokerages because I handle smaller deals I don't experience some aspects you've described and that may also be influenced with being in Minnesota, my big cities aren't too big in the scope of America
Thanks for the vid. One not covered directly is working as an analyst or portfolio manager on the Real Estate investment team of a pension / sovereign wealth fund / endowment / etc. I purposely went this route as opposed to working for a private market firm / PE that would pay more because of work life balance. Although you can sometimes be "one step further removed" from the physical real estate (not sourcing the deals yourself, but often being in the LP position) , you get a great bird's eye view of the market, focus on Real Estate every day, still travel (10-12 wks a yr) and have great access to many of the best investors out there.
I’ve been thinking about where I want to be long term in CRE and that’s exactly the same thought I had. I’d love the chance to ask you some questions if you’re ok with it?
I'm in development. Workload is often chaotic and unpredictable, with some weekend work and very late nights occasionally. Typical week is 50-60 hours. Lots of after-hour events as well. It's a cool job, but it can be a grind.
I’m starting a job as an analyst with Cushman on the institutional multifamily team. Huge thanks to you for the videos and courses online. Definitely a help!
Investment sales broker in a smaller/mid tier market (St. Louis). Primarily working on multifamily, self-storage, multi-tenant retail. I have carved out a pretty good niche at the sub institutional level. Definitely work a ton but it rarely feels overburdened. Making your own schedule and working at your own pace is amazing. Certainly on the phone a lot, but a ton of time is spent networking, showing face at local groups (Chamber of commerce, rotary, etc.). Fortunately this is the kind of stuff I enjoy. I'd encourage any young person showing interest in CRE to entertain brokerage if they can stomach a year or two with little to no pay as they getting started. Must be optimistic and extroverted.
I love this - great insight and it's great for people to hear this from someone who has been successful in this path. Thanks for posting this and congrats on the career you've built!
I work as an analyst but also sales. Typically 50-60 hour weeks depending. Usually some work on the weekends. In this business its hard to ''turn it off''.
Great video, I’m glad I watched it, the video was truly insightful, thank you for the upload! So a private equity analyst would work how long? My work within this field as an intern was about 9-11 hours a day. What am I to expect in this now that I’ve graduated and looking to have a decent work life balance?
hey Justin, while the difference between property management and asset management is easy to understand, just wondering the biggest difference between asset management and portfolio management instead (given that they both have multiple properties to manager under their own portfolio)?
Yes. Transactional roles definitely pay more and have more hours. If you love your job then it doesn't feel the same as work. I work 9-5 in asset management. My properties are all hyper local 36 properties all with in 20 minutes of each other. After work I spend probably an hour or two every day working on networking and trying to build my own personal real estate portfolio
Yes - typically all-in compensation is significantly higher in the transaction and sales focused roles I mentioned in this video. The two comments from Jose and Woodshadow are spot on.
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