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      CRE Associate Interview

      Dec 4, 2015
      Anonymous Interview Candidate
      New York, NY
      No offer
      Positive experience
      Difficult interview

      Application

      I applied online. The process took 4 weeks. I interviewed at PIMCO (New York, NY)

      Interview

      I applied online and received an email back quickly from their recruiting team. The initial phone screen is with a recruiter, who likely determines at a high level whether or not you are a fit for the role. After that, I interviewed with a team member. That interview consisted of a combination of technical and fit questions, geared more towards general real estate knowledge. The next interview was in-person, with two separate team members for 30 minutes each. The interviews were relatively similar. In general, the firm appears to have a very academic culture. Moreso than most interviews, you will probably have to do some quick mental math and analysis in your head. After that, they had an Excel test. The test includes basic excel functions, pivot tables, an amortization table, and an annual waterfall/valuation analysis off of an ARGUS statement. They score you on the Excel test. I didn't end up making it past that stage, but there were going to be at least two more rounds of in-person interviews. It's a pretty long process, but that's normal for most companies today. Overall, I would say this process was more difficult than most real estate interviews that I've experienced, but definitely manageable if you are able to think quickly and have relevant experience.

      Interview questions [1]

      Question 1

      Assuming you wanted to build a development that costs $500,000 per unit to a 10% return on cost, how much revenue would you need per unit assuming an 80% profit margin?
      1 Answer
      1