Entry-Level Positions For Aspiring Acquisitions Associates
Brian from Witnick Real Estate Partners suggests that aspiring real estate professionals should target analyst positions, which involve underwriting new deals and assisting senior staff; internships are also valuable, with Witnick typically having "two interns at any given moment". Demonstrating relevant skills, like Excel proficiency, a real estate education (through coursework or a master's program), and previous experience are crucial for landing these entry-level opportunities, showing that "they actually put in the work and the time".
Real Estate Acquisitions, Analyst Roles, Internships, Underwriting, Real Estate Education
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
Industries
Job Functions
Traits
Brian McNulty
Acquisitions Associate
Witnick Real Estate Partners
Bentley University
Bentley University - Masters in Finance
Finance
Finance (Banking, Fintech, Investing), Real Estate
Real Estate
None Applicable
Video Highlights
1. Entry-level positions typically involve analyst roles focused on underwriting new deals and supporting associates/directors in the underwriting process, which includes gathering property information.
2. Internship opportunities are available at both larger and smaller companies, offering a way to get your foot in the door. These internships can range from three to six months.
3. Demonstrating the required skillset (e.g., Excel proficiency) and a real estate education (e.g., master's program, major/minor in real estate, previous internship) is crucial for landing an entry-level position. Showcasing past work and modeling course experience can significantly enhance candidacy.
Transcript
What entry-level positions are there in this field that an undergraduate or graduate student might consider?
Entry-level positions are considered analyst positions, similar to my role. Ultimately, the job involves underwriting new deals and helping associates and directors underwrite as many deals as possible, perhaps by gathering information on properties.
There are typically internships available as well. Larger and even smaller companies are looking for interns. I usually have two interns at any given moment, typically for three to six months.
There are definitely opportunities to get your foot in the door. A lot of it comes down to showing you have the required skillset, like Excel, and either a general overview or proof of a real estate education.
This could mean being part of a master's program in real estate, majoring or minoring in real estate, or having a previous internship. It's about outlining that the person wants to do real estate and has put in the work, perhaps by taking a modeling course or sharing past work. If someone can display that, they would be a great candidate for an entry-level position.