Career Advice | Knowledge Base - Adventures in CRE Support

What type of business in CRE should I join?

A.CRE Team — Fri, 14 Aug 2020 20:43:50 +0000

The path you choose early on is important, as you’ll quickly become seasoned (i.e. pigeonholed) into that path. So for instance, imagine your first job out of undergrad is in retail development; and you spend 3 or 4 years in that area. Transitioning to another area of real estate, such as multifamily acquisitions thereafter, becomes much more difficult without having to take a step back in your career progression.

Spencer wrote a lengthy post on the subject here that I’m sure you’ll find valuable:

https://www.adventuresincre.com/careers-in-real-estate/

You might also check out our section on Job Roles in commercial real estate:

https://www.adventuresincre.com/careers/job-functions/

And if you’re an Accelerator member, you should take Spencer’s course on Networking and Careers in Real Estate:

https://www.adventuresincre.com/academy/courses/guide-to-networking-and-careers-in-commercial-real-estate/

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As a college student with no experience, do you recommend I take the ARGUS certification training and exam?

A.CRE Team — Wed, 12 Aug 2020 18:05:41 +0000

In terms of the next steps in your training, proficiently modeling real estate in Excel would be a priority, as all firms use Excel in some fashion to model real estate.

Depending on the firm, ARGUS training may or may not be helpful as well. My suggestion would be to review the requirements for the jobs you’re targeting and if ARGUS is a common requirement, then spend some time familiarizing yourself with ARGUS.

But even then, plan to allocate in terms of learning time 10 hours in Excel for every 1 in ARGUS.

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Best resources to speed up learning for a very young inexperienced real estate student

A.CRE Team — Tue, 04 Aug 2020 20:29:54 +0000

For a do-it-yourself solution, our recommendation would be to start at our A.CRE 101 section. It’s free and provides high-level commentary and education on CRE in general:

https://www.adventuresincre.com/re-education/a-cre-101-basic-concepts-in-commercial-real-estate/

You might also spend time reviewing our Library of Real Estate Excel models. They’re likewise free to download for learning, and will expose you to what an institutional-quality real estate financial model looks like:

https://www.adventuresincre.com/library-real-estate-excel-models/

At some point, I highly recommend you join our Accelerator real estate financial modeling program. It’s a wholly comprehensive real estate financial modeling training program that takes you from A to Z and prepares you for that first job. You can learn more about the program here:

https://www.adventuresincre.com/accelerator/

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Any advice you might have for someone (late 20’s, early 30’s) that is looking to transition to a more institutional firm from a small private family business?

A.CRE Team — Tue, 04 Aug 2020 20:10:19 +0000

With regards to your question, Spencer and Michael actually have put out a lot of episodes on their audio series that talk about this specific topic. Below is the link to the entire audio series:

The A.CRE Audio Series

Some episodes that are relevant are the following:

You might also find our Careers in Real Estate Section helpful. You can find that here:

Careers in Commercial Real Estate

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My goal is to be a property developer and I’m looking for an affordable Masters option to take. Should I do MBA or MSRE?

A.CRE Team — Tue, 04 Aug 2020 19:48:55 +0000

In terms of your question. The right decision is entirely dependent on the person, their previous experience in real estate, where they’d like to work full-time, and in what area of real estate they’re interested in.

Generally speaking, the MBA is a generalist degree, which provides optionality in the event you later decide real estate isn’t the right fit. The MSRE in contrast offers focus, especially as it relates to network and curriculum.

Spencer, Michael, and Sam have released an audio series episode discussing this exact question. Find it here: https://www.adventuresincre.com/audioseries-s2spe7/

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I was curious if there was any more advice tailored for someone that is looking to transition to a more corporate firm from a small private family business?

A.CRE Team — Mon, 27 Jul 2020 17:24:09 +0000

With regards to your question, Spencer and Michael actually have put out a lot of episodes on their audio series that talk about this specific topic. Below is the link to the entire audio series:

The A.CRE Audio Series

Some episodes that are relevant are the following:

You might also find our Careers in Real Estate Section helpful. You can find that here:

Careers in Commercial Real Estate

The post I was curious if there was any more advice tailored for someone that is looking to transition to a more corporate firm from a small private family business? appeared first on Adventures in CRE Support.