{ "media_type": "text", "post_content": "Huge mistake? career feedback requested. I am 43. No mentorship/direction in high school and college (Econ degree) ended up writing commercial RE appraisals, it’s a bit of a sweatshop industry imo. Now I am a reviewer at a bank. Shy of $90k & 40 hours with little stress. I have my MAI, life is good. I loved acct. and finance (one grad-level finance class as an undergrad, I liked it.) in college. Feeling under-utilized now. Is there a space where I can add more value/earn more. Honesty only pls", "post_id": "62828b999888a60039a3a90f", "reply_count": 7, "vote_count": 3, "bowl_id": "553769a790f5eebe1d2a0f92", "bowl_name": "Finance", "feed_type": "crowd" }
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Huge mistake? career feedback requested. I am 43. No mentorship/direction in high school and college (Econ degree) ended up writing commercial RE appraisals, it’s a bit of a sweatshop industry imo. Now I am a reviewer at a bank. Shy of $90k & 40 hours with little stress. I have my MAI, life is good. I loved acct. and finance (one grad-level finance class as an undergrad, I liked it.) in college. Feeling under-utilized now. Is there a space where I can add more value/earn more. Honesty only pls

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You can definitely make more elsewhere. Some options are 1). Argus guru and market experts for brokerage shops; 2). Transitioning to in-house appraisal reviewer and/or closing role; 3). Move to the asset management or the transaction side where you can add a lot of value.

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If you're doing CRE Appraisals have you thought about going into the closing space for CRE transactions? The pay is definitely higher and you're more involved in the whole process, forming budgets, reviewing loan docs, due diligence etc.

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One person's biased opinion 😉. It's what I've been doing for the last few years and will start managing a closing team in the next few weeks. There are definitely moments when you're a bit swamped but that's likely true of any job. For the most part work/life balance is good and truly no two transactions are ever the same so it keeps you on your toes. My personal favorite part is that I'm not responsible for finding the business. The sales part of it is I feel endless.

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Transition over to multifamily. Lots of firms out there looking for experienced and talented individuals like yourself.

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Move to in house valuation an asset management firm. Your skills make or lose them money. Which means you will be part of the transaction team. People who can value assets are incredibly important and are paid that way - you don’t need to write the report though but making the investment judgement call based on your determined value is where you can make big bucks.

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My family does residential appraisals, making individually ~125k a year.. with their own schedule and flexibility 👀 I’m aware commercial is different but honestly I think it’s a good career. Maybe it’s not the industry but the company?

Additional Posts

Are our minds, as asians, just wired differently?

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Can we buy laptop in well being subsidy and claim 25k ?

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Could someone kindly recommend me some good non fiction books on holding companies| tax heavens, thank you!

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These are my brother-in-law’s father’s, the Datejust looks legit, but the Explorer II looks fake. What do you guys think?

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BCG NY- how much travel is there out of your office? Considering a lateral offer

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I have a dumb question.. is the first odd night tonight since it’s now the 21st (US) or was it yesterday since it was the night after an even day?

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Has anyone on this forum been approved for a conventional mortgage with 1 year of work experience?

Just graduated from portfolio school, and was wondering how the creative world is looking in terms of gender representation. Are there a lot of male/female teams or is it mainly male dominated?

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What’s everyone drinking right now?

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I’ve seen this spark a little debate on LinkedIn. But now let’s bring it to the most brutal arena of all “The Fishbowl” 😆(evil laugh)

What do you think of this Ad?

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Hi gang,

Wish you have an amazing day. I would really appreciate if I can get a ballpark estimate and range for my salary expectations. I am planning to move to India. U guys n gals are awesome. Cheers.

Designation Senior data scientist/applied scientist/ senior ML scientist
Location - Bangalore
Company- Amazon, Microsoft, Google, flipcart etc, high paying firms
Degree- phd in ML (statistics)
experience- research assistant in statistics Harvard U
yoe-7 yrs

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Legally, can you start a new job while you’re still wrapping up your last few days of a prior job? So employed by two places at once

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Fam - need some uplifting. Has anyone done something that was so publicly embarrassing at work with leadership and the entire practice that they felt it was a career ruiner? How did you recover?

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Hello.
I have an interview for a company that doesn’t offer maternity leave for employees under a year. I happen to be 5 months pregnant. My job now gives 18 weeks total but this new job is more pay, something I’d be much more passionate about and I’d actually get RSUs for the first time.

Have you guys negotiated maternity leave? Have you been pregnant looking for work? When do you tell your employer?

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Guys in NewYork Manhattan, is a $220k Salary with a top financial company a good pay given that NY is a high cost of living area? Opportunities is within the Workday space and Employer is a top brand

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Consulting milestone of the week: 500 nights at SPG property ✔️👏

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I have everything I need that hybrid subsidy provides. Don't want to waste 15k though...😑

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