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Next Generation

Good news. Real Estate markets are beginning to recover, and are hiring, but only at the top. The bad news is that there are slim pickings for lower and mid-level positions. This is especially bad news for under-graduates and newly minted MBAs, who are finding that competition for job postings is fierce. I checked-in with a couple of real estate programs over the last couple weeks and learned that graduates are encountering an extremely difficult market and only 25% of the classes have thus far secured jobs. Entry-level jobs are attracting seriously over-qualified talent, and employers are responding, figuring they can hire and leverage experienced talent for a year or two, and take their chances on an eventual exodus. We all figured that 2010 would be a kinder time for the next generation, but not just yet.

Tony LoPinto is a senior client partner and head of Korn//Ferry International’s Real Estate Practice and founder of SelectLeaders. The views expressed in this article are the author’s own.
Job Opportunities
COLE REAL ESTATE INVESTMENTS Asset Manager–Multi-Tenant Shopping Centers (PHOENIX) The asset manager will analyze property level data, maintain excellent tenant relations, oversee budgeting and make recommendations to senior management on strategies for re-positioning the assets; among other duties.

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