How to Overcome a Rescinded Job Offer and Break Into Real Estate Private Equity Anyway

19 Comments | Private Equity & The Buy-Side - Groups & Regions, Real Estate - On the Job

Real Estate Private EquityYou’ve been recruiting for months and months…

And nothing has worked out so far.

But then 1 month before graduation, an investment banking job opens up…

You go through several rounds of interviews…

And you win the offer right as you’re graduating.

Then, 4 days before you start working, you fail your background check, the offer gets rescinded, and you’re back to square one.

Our reader today overcame that “background check failure” and not only won another offer, but eventually made his way into private equity.

And he has (more than) a few words of wisdom on background checks, rescinded offers, and how to break into the real estate industry – from real estate investment banking to commercial real estate to real estate private equity:

The Last-Minute Save – or Disaster?

Q: Let’s start with how you won this last-minute investment banking offer in the first place.

Agricultural Finance: The Hottest and Most Overlooked Asset Class in the World?

9 Comments | Private Equity & The Buy-Side - Groups & Regions

Agricultural Finance JobsWhen you hear the words “agricultural finance,” your first thought might be:

“Who cares? I don’t want to be a farmer!

I had the same reaction when a reader contacted me about this one.

But as I started to learn more about it, I got really interested:

  • It’s possible to earn 20% IRRs without leverage…
  • The sector has outperformed broader stock indexes (in certain periods)…
  • Few professional investors have started paying attention…
  • And most importantly: even if there’s a zombie invasion, people still need to eat.

And if all the humans are wiped out, the zombies will still need to eat – so agriculture will be a great opportunity no matter the outcome.

Read on to learn about everything above, plus how you can go from “Theoretical Physics Major” in Australia to agriculture financier in emerging markets:

From Physics to Farming… and Finance?

The Top 5 Mistakes You’re Making in Buy-Side Interviews, and How to Fix Them and Win Offers

5 Comments | Private Equity & The Buy-Side - Interviews and Case Studies

Top 5 Buy-Side Interview MistakesAn island.

Your own beach in Thailand.

“Working on the buy-side.”

We tend to focus on the end result rather than the process to get there.

At least, that’s my theory behind the sheer quantity of bad answers I’ve heard in private equity, hedge fund, and other buy-side mock interviews over the past year.

Your thought process, whether conscious or subconscious, might be something like:

Aha. I worked in investment banking, therefore I should move to the buy-side next. It’s my destiny!”

And then when the interview comes along, you answer all the questions “fine” – at least in your own mind – but then fail to get a call-back.

You could have made many mistakes.

But if I had to guess, it would be one or more of the 5 most common buy-side interview mistakes I’ve seen and heard:

Mistake #1: Failing to Form an OPINION on Deals / Clients / Investments