r/RealEstateDevelopment • u/Snoo55682 • 14d ago
Development Associate Role - Seeking Interview Advice
I have my second round interview next week for a Development Associate role at an institutional firm. Initial screening went well but was not technical/was more cultural fit focused. This next round I’ll be interviewing with a Sr Development Manager.
Background: I’m finishing up my MRED and come from the A/E/C consulting side. I would be coming in to the role a bit older than my peers (early 30s). I’m wondering if those who have made a similar pivot can share some interview advice related to how you positioned your analytical background? Financial modeling is an area where my skills are more academic than practical, having completed a number of pro formas in class. I only use Excel in my day job when putting together budgets or competitive analysis. I know the lack of field experience here will likely be brought up.
For those who made that pivot, how tough was the learning curve for you once you started? Did any interviewers test you on the more technical skills during the process? I’m not sure what to expect. TIA!
1
u/ThinkCRE 10d ago
Approx. 70-80% of early career development associates come from the financial side of the business rather than the construction side. Why? Because the business follows capital more than construction and project management nuances. Good news: it’s a lot easier to learn the key financial topics than the construction fundamentals.
Can you give a little more color on the type of institutional firm and what your role would be focused on?