Analysts - Do Your Vice Presidents Expect You to Know EVERYTHING?
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That’s not remotely normal. The expectations from your VPs are impractical. I feel like this statement is especially true in RE: Jack of all trades, master of none. Considering the nuances of each asset class I’d go so far as to say it’s incredibly stupid for them to expect you to be up to date on every corner of the market, rather than just having a detailed knowledge of a more specialized area.
Market knowledge no, but I think expectations around underwriting are reasonable assuming you’ve been working for a couple of years
Underwriting assumptions yes assuming you have covered those asset classes, market no.
However - if they're asking you market/demographic questions after you've already underwritten the deal while you're reviewing with them, then somewhat justified. Those are stats you should know going into an IC pitch.
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