Is a REIT associate position (sell side) in ER any different from other sell side ER associate positions in terms of hours, pay, prestige, exit ops, promotion to analyst level etc? i am aware of the nature of research being idfferent - i.e ffos vs cfos, may be more macro linked etc etc. i am keen on understanding the other differences (not the skill set part needed to do the job), especially with regds to compensation, uniqueness and how other SS ER folks view it. thanks for the insight - need it before an interview. sorry, my otherpost was not clear, so i have reposted it here. thanks for pointing it out folks.
thanks tkpk_CFA , appreciate it. I am copying your reply here. but what was your exit opportunity? REPE or another ER space? … Re: REITS EQUITY RESEARCH / COMPENSATION Posted by: TkPk_CFA (IP Logged) Date: March 18, 2011 10:21AM Maybe the question wasn’t worded perfectly, but it didn’t deserve the (level of) sarcasm it drew. About half of my time in SS research was spent covering REITs–and they’re very different. Unless you LOVE commercial real estate (and have a choice), I’d suggest you stay away. REIT analysts are the red-headed stepchildren of the industry. Most of your clients are REIT-only shops, so (1) the sales guys don’t keep up or make calls on research, (2) any contacts you make on the buy side are going to be REIT-only guys, so it’s much more difficult to get out of the space once you’re in it. There’s a lot more travel for REIT analysts as well (on top of the typical marketing & company management trips). Expect a healthy does of insanely stupid property tours, seeing what an office building in Raleigh looks like, a Safeway in Richmond, a Safeway in Baltimore, a Safeway in King of Prussia…god I hated that crap. But the folks who are lifers in CRE eat it up with a spoon. They literally can’t wait to get to the next site and see the layout for some POS warehouse/flex space. No real differences in most other aspects–yeah the terminology and metrics (FFO, etc.) are different, but the modeling, management meetings, compensation, and all the other stuff is similar. One last thing–I worked at two different places, and at both, the REIT analysts were always, always, always the last guys to leave for the day (another reason why I bolted). -------------------------------------
lol @ sitetours of safeways… make sure you bring your camera! lol make sure you wear a short sleeved dress shirt in the interview. Seems like thats the kind of crowd
SuperiorReturn Wrote: ------------------------------------------------------- > lol @ sitetours of safeways… > make sure you bring your camera! lol > > make sure you wear a short sleeved dress shirt in > the interview. > Seems like thats the kind of crowd Bhahahaha short sleeved dress shirts who came up with this $hit?
REIT earnings season is like 1.5 week(s) long; long hours during that period. Funny thing is I like most of the REIT analysts I meet, seem to be more blue collar guys which is refreshing.
SuperiorReturn Wrote: ------------------------------------------------------- > lol @ sitetours of safeways… > make sure you bring your camera! lol > > make sure you wear a short sleeved dress shirt in > the interview. > Seems like thats the kind of crowd It seems everything you post is designed to make fun of somebody, with a preference for poor young guys who come here for advice. 1) Please tell us about yourself and what the f**k you do that makes you so cool. 2) Then tell us how it can be, given the coolness of your activities, that you have so much free time to post crap around here all day long.
Your quality of life as a research associate will be almost 100% dependent on your analyst. If he is a workaholic hardass your life will suck. If he is cool and generally laid back you will have it much better than most and life will be pretty good. If you can I would recommend doing some of your own due diligence on your potential analyst before jumping in head first.
quit calling out people when u have no reason to u douche bag
SuperiorReturn Wrote: ------------------------------------------------------- > quit calling out people when u have no reason to u > douche bag Do you have to resort to this on every thread? wtf
you moving markets greengrape? whats the buy? everything ?
SuperiorReturn is a goof looking for validation by being a dick on the internet. And I mean Goof in the get.off.or.fight child molestor prison type of way.
SuperiorReturn Wrote: ------------------------------------------------------- > quit calling out people when u have no reason to u > douche bag Lol, you deleted that angry ridiculous post of yours that didn’t make any sense, didn’t you ? I’m talking about your posts in general, not this one, really. So what makes you so cool, dude ? Please tell us. Are you some trader ? Do you close some huge IB deals ? I’m really just curious.
Since when did knowing lots of stuff about the financial industry become ‘cool’, I need to keep up with the youngs kids these day’s, times flying by fast… I tried getting a Mo-hawk and wearing short pants, but to no avail…Maybe take up a new mind altering drug (whats hot these days, is the cannabis saga over, or is it just maturing with a stable growth rate in users?)…What should I protest against? Whats the charity of the month? Should I get flowery shorts this summer?..What is the point of this post again?..I forgot…Am I smoking something?
pedpenny Wrote: ------------------------------------------------------- > Since when did knowing lots of stuff about the > financial industry become ‘cool’, I need to keep > up with the youngs kids these day’s, times flying > by fast… I tried getting a Mo-hawk and wearing > short pants, but to no avail…Maybe take up a > new mind altering drug (whats hot these days, is > the cannabis saga over, or is it just maturing > with a stable growth rate in users?)…What > should I protest against? Whats the charity of the > month? Should I get flowery shorts this > summer?..What is the point of this post > again?..I forgot…Am I smoking something? It’s revenge of the geeks on here, outside of the money and intellectual stimulation there isn’t much to finance that makes it cool. Growing up trying hard or being smart and going to university was not cool. Though most of the people I associated with back then were degenerates who ended up in jail, dead or wired to alcohol and drugs so I don’t think that was a universal sentiment.
^^^^^ I disagree. Sure funnance isn’t cool compared with being a pro surfer or a sniper, but I think some funnance jobs are pretty much at the top of white collar jobs in terms of cooleness.
Viceroy Wrote: ------------------------------------------------------- > ^^^^^ > I disagree. Sure funnance isn’t cool compared with > being a pro surfer or a sniper, but I think some > funnance jobs are pretty much at the top of white > collar jobs in terms of cooleness. Being a PM is pretty cool to people like you and me because we are geeks and our frame of reference is skewed 
^ Exactly. If a PM, rockstar, athlete, lawyer and doctor are in a room, the PM is the less cool of the bunch in the eyes of chicks.
SuperiorReturn’s account has been deactivated. Thank God. This forum can go back to being awesome again
greengrape Wrote: ------------------------------------------------------- > SuperiorReturn’s account has been deactivated. Thank God. This forum can go back to being awesome again …did you tattle on him?
well if he was banned that’s a little extreme. dude was entertaining.