Tulane Remote Internship Program: Marcus & Millichap Capital Corporation - Commercial Real Estate Intern
This internship is part of the Tulane Remote Internship Program (trip.tulane.edu).
TRIP Internships will be completed from New Orleans and will include a trip to the employer and their city over Fall Break.
By submitting an application for any TRIP positions, you are agreeing to ALL of the following requirements.
PROGRAM DETAILS
# of Applications: Students are only allowed to apply to THREE Remote Internships. If you apply for more than three you will be disqualified from the program. Students can search through other Remote Internships by viewing the Handshake employer, Tulane Remote Internship Program, or on the Remote Internship Website: https://careerwave.tulane.edu/trip/
Orientation Sessions: If selected, you MUST attend one of our virtual orientation sessions on September 27 or 28.
Credit/Reflection Papers: Remote Interns will receive academic credit for the internship and are required to complete a reflection at the end of the semester, due on December 17. These internships are unpaid.
Required Site Visit during Fall Break: Remote Interns will make a site visit to their company and city with expenses paid by Tulane during Fall Break (October 10 or 11). Applicants should not make alternative plans for Fall Break until they are notified that they are not selected for interviews (all interview candidates will be announced on September 10) or for participation in the program after the interview rounds (all intern selections will be made on or before September 24).
Office Hours: Remote Interns will work 6-10 hours per week, based on employer preferences. Remote Interns will work remotely from the location of your and your employer's choice (on campus, coffee shop, dorm room/apartment, etc.) Remote interns will set weekly office hours with employers, log daily hours and work summaries, and complete online check-ins for Tulane as a part of the internship process.
Resume (Required): Each of these internships require an approved Handshake resume. In order for our career center staff to expedite the review and approval of your resume, please upload your resume in the following format - "TRIP - LAST NAME, RESUME". Once your resume is approved, you can use the same resume for all of your submissions. Resume approval can take up to 48 hours, so do not wait until the last minute to submit. IE if your resume requires additional work based on career center staff suggestions, if you want until 2 days before deadline to submit, you still might not have an approved resume by program deadline. Information about creating effective and approved resumes can be found at http://careerwave.tulane.edu/tripdocumentguide/.
Cover Letters (Required): Cover letters - written individually for each internship, should be submitted for approval using the format "TRIP COVER LETTER - COMPANY NAME, LAST NAME." Tips on writing cover letters can be found at http://careerwave.tulane.edu/tripdocumentguide/. Please address all cover letters to Dear Hiring Manager, unless you know for certain who is receiving the cover letter. At minimum, your cover letter should address the following questions:
- Why are you interested in this position?
- What skills do you currently possess that you feel will help you succeed in this position?
- What do you hope to learn from this internship?
- Is there anything else about you outside of what's on your resume that you'd like for the employer to know? (Creativity is encouraged with this question).
FALL REMOTE INTERNSHIP TIMELINE
Monday, August 26 – Thursday, September 5: Open Application Period for Students
- While this is a deadline, resumes may be reviewed in real time, so it is in your best interest to submit as soon as possible. Also remember that your resume will need to be reviewed and approved prior to submitting.
Friday, September 6: Resumes and Cover Letters sent to Employers
Monday, September 9: Interview Selection Period for Employers
- Employers will first notify Tulane who you plan to interview, and we will let those students know to expect to hear from you. At that point, you will schedule phone or Skype interviews on your own with your candidates.
Tuesday, September 10: Interviews Announced to Selected Students
Wednesday, September 11 – Thursday, September 19: Interview Period between Selected Students and Employers (Skype and Phone, not In Person)
Monday, September 24: Selections Announced
- Employers can not offer to candidates until all have been interviewed, and students cannot accept offers until all of their interviews have been completed (students are allowed to interview with 3 companies).
Tuesday, September 25: Students Book Travel with Tulane Staff
Thursday, September 27 – Friday September 28: Mandatory Virtual Orientation Sessions for Students
Week of October 1: Project Description Development with Employers & OnBoarding
- Employers will work with their intern to create a project description which will highlight all projects that will be completed by the intern, as well as deliverables and goals for the internship and the students professional future.
Thursday, October 10 – Friday, October 11: Company Site Visit & Onboarding (paid for by Tulane)
- Unless otherwise noted on the internship descriptions, the intern will travel to the company and its city for a site visit on Thursday, October 11 and/or Friday, October 12. This is required and students are responsible for fulfilling this unless approved PRIOR to you submitting your application.
Friday, December 6: Remote Internship Ends
Tuesday, December 17: Final Required Intern Reflection Paper Due
MARCUS & MILLICHAP
COMMERCIAL REAL ESTATE REMOTE INTERNSHIP DESCRIPTION
** Given the immediate and upcoming deadline for this internship, please ensure you review and incorporate as much content as you can from https://careerwave.tulane.edu/tripdocumentguide/ prior to submitting your application, as there is a chance the documents may need to be approved quickly and without any feedback provided by the career center staff. Thank you. **
COMPANY WEBSITE: http://www.marcusmillichap.com/
COMPANY DESCRIPTION: Marcus & Millichap Capital Corporation (MMCC) is a leading source of real estate capital nationally. In 2018, the firm conducted 1,678 capital markets transactions across the U.S. Our team of experienced professionals provides financing for a full range of property types and loan amounts. Our parent company Marcus & Millichap (NYSE: MMI) is a leading specialist in commercial real estate investment sales, financing, research and advisory services with over 2,000 investment professionals located throughout the United States and Canada. Founded in 1971, the firm closed 9,472 transactions in 2018.
Marcus & Millichap has been a pioneer in the real estate investment industry and has established a reputation for maximizing value for its clients while fostering long-term relationships built on integrity, trust and service. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry's most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. Marcus & Millichap also offers clients access to the most competitive real estate financing through Marcus & Millichap Capital Corporation (MMCC), which maintains relationships with the industry's leading national, regional and local lenders.
INTERNSHIP DESCRIPTION: This remote internship will be offered to a student interested in pursuing a career in commercial real estate. The intern will support a Manhattan based team of two commercial real estate capital advisors and an analyst, responsibilities will include deal level property market due diligence and analysis. Preparation of team marketing materials, lender loan application packages and light financial model analysis. In addition, intern will be responsible for making updates to our proprietary lender and client database. Candidates should have a passion for the field of commercial real estate, age appropriate Excel modeling skills plus strong writing and communication skills, as well as basic proficiency in Microsoft Office Suite. GPA Requirement: Above 3.25
RESPONSIBILITIES
- Support a Manhattan based team of two commercial real estate capital advisors and an analyst, responsibilities will include deal level property market due diligence and analysis.
- Preparation of team marketing materials, lender loan application packages and light financial model analysis.
- In addition, intern will be responsible for making updates to our proprietary lender and client database.
REQUIREMENTS
- Candidates should have a passion for the field of commercial real estate, age appropriate Excel modeling skills plus strong writing and communication skills, as well as basic proficiency in Microsoft Office Suite.
- GPA: Above 3.25