Entry-level positions for aspiring Development Associates
George suggests that an undergraduate or graduate student seeking entry-level positions in real estate development should first consider working for a general contractor in a "project management role or project engineer role," as having a construction background can provide a significant advantage. George highlights that lacking construction knowledge "puts you at... big disadvantages in terms of not understanding timelines or how your contractor thinks."
Real Estate Development, Entry-Level Positions, Project Management, Construction, Career Advice
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
Industries
Job Functions
Traits
George Champion
Development Associate
Family Office - Real Estate Development
UC Santa Barbara
University of San Diego - Knauss school of business
History, Art History
Architecture, Construction & Design, Real Estate
Operations and Project Management
Worked 20+ Hours in School
Video Highlights
1. Working for a general contractor in a project management or project engineer role can be advantageous for a career in real estate development.
2. A background in construction provides a significant advantage in real estate development.
3. Lack of construction knowledge can be a disadvantage in understanding timelines and negotiating with contractors.
Transcript
What entry-level positions are there in this field that an undergraduate or graduate student might consider?
I would say if you work for a general contractor before you get into real estate development, and you do some sort of project management or project engineer role, having a background in construction and working for a contractor puts you really far ahead of a lot of other people who have only been in real estate.
Development is such a blend of construction, too. If you lack knowledge in that side, there are some big disadvantages. You might not understand timelines or how your contractor thinks with negotiating change orders and a whole bunch of other stuff.
