One of the benefits of going to business school is that a lot of very successful people come to campus and speak about their careers and the real estate business in general. They also offer career advice if you get a one-on-one opportunity to ask them for it. I was lucky in that I listened to and met with many of these CRE stars, and I always took notes furiously to make sure that I wouldn’t forget the lessons and pearls of wisdom being offered.
I unearthed my notes the other day and thought that it would make a great series in the blog, which we are calling Wise Words. To protect the innocent, I will not identify the source of the wisdom/advice.
Note: Not everything is earth-shatteringly brilliant or insightful, but everything is informed by decades of experience, and there is significant value in that alone.
Here goes with the first installment: Career Advice: Joining A Small Company When Coming Out of Graduate School
Risks of joining a small company:
- not enough deal flow
- will you get along with them? The success of working in a small company depends on getting along with the people, especially the principal
- if it blows up, where does that leave you? (vs. having a big brand firm name on your resume)
Benefits of joining a small company:
- you will learn a lot about a lot of facets of the business, and you can make a noticeable impact right away
- typically more exciting than working for a company with hundreds or thousands of employees
- fewer competitors internally for eventually being granted equity in deals.