Introducing the William A. Millichap Fellowship
The commercial real estate industry provides unparalleled opportunities to build a great career while also building wealth and positively impacting local communities. Without the proper support, transitioning into the professional brokerage world can be daunting. The William A. Millichap Fellowship was born from our vision of offering ambitious and talented individuals a clear path to career success.
- Click here to learn more, nominate a Fellow, or apply for the Fellowship
Note from the A.CRE Team. This is a guest post by Richard Matricaria, EVP/Chief Operating Officer – Western Division of Marcus and Millichap. Over the past year, A.CRE has collaborated with Marcus and Millichap to provide exclusive training for its incoming real estate professionals. We’ve been impressed with the firm’s commitment to preparing its new (and existing) team members for the analytical rigors of the industry. And so when the William A. Millichap Fellowship was announced, we were excited to share it with our audience.
Unleashing the Potential of Tomorrow’s Commercial Real Estate Leaders
The 24-month training and development program honors the late William A. Millichap, co-founder of Marcus & Millichap. It epitomizes his dedication to cultivating strong educational foundations for the next generation of industry leaders. We’ve partnered with similar-minded organizations to design a comprehensive program with leading-edge information and diverse viewpoints.
Community Impact
Our Fellows will benefit from meaningful experiences and professional development opportunities with CREW Network and Project Destined while also contributing to their local communities.
Deal-Level Education
We believe A.CRE’s financial modeling training is the best in the industry. Since last February, we’ve offered the Accelerator to everyone at Marcus & Millichap. We’ve incorporated the modules into the Fellowship curriculum to ensure participants have a solid grasp of underwriting.
Product Type Specific Insights
To gain insights into the nuances of different product sectors, Fellows will have access to industry affiliations like NAIOP, ICSC, NMHC, and others.
A Fellowship to honor the co-founder of Marcus and Millichap.
How It Works
The program allows Fellows the opportunity to:
- Work full-time engaging in experiential education and cross-departmental learning opportunities
- Attend workshops led by industry executives
- Take courses through Marcus & Millichap University
- Shadow top advisors and managers within the firm
The first 12 months are segmented into four phases with specific learning objectives. The phases progressively build upon:
- Critical research
- Financial analysis
- Marketing
- Relationship-building skills
With the help of an executive coach, Fellows choose a career concentration. The second year is focused on specialized training in this area of concentration.
Fellows receive a competitive salary and benefits during their first year and are offered a draw against future commissions in their second. Incentive opportunities are also possible with excellent performance.
A rigorous 24-month training and development program for up-and-coming commercial real estate professionals.
Where It’s Offered
We want our Fellows to have access to the top leaders and mentors within the firm. Therefore, the fellowship will initially be offered in select cities:
- Atlanta
- Chicago
- Cleveland
- Dallas
- Denver
- Fort Lauderdale
- Los Angeles
- New York City
- Phoenix
- San Diego
- San Francisco
- Seattle
- Toronto
- Vancouver
- Washington D.C.
Jumpstart Your Real Estate Career
Our search for the inaugural cohort of Winter 2022 Fellows is currently underway. Applications and nominations may be submitted through December 17th with the program beginning on February 14, 2022.
If you are action-oriented, have excellent communication skills, and have a demonstrated interest in real estate via coursework or related experience, we’d love to hear from you. For more information, to apply, or to nominate a Fellow, please visit https://fellowship.marcusmillichap.com.
Frequently Asked Questions about the William A. Millichap Fellowship
What is the William A. Millichap Fellowship?
The William A. Millichap Fellowship is a 24-month training and development program created to support ambitious individuals entering the commercial real estate brokerage industry. It honors the late William A. Millichap and is designed to provide a structured path to career success. [Introducing the William A. Millichap Fellowship]
What does the Fellowship include?
The Fellowship includes full-time experiential education, cross-departmental learning, workshops led by industry executives, Marcus & Millichap University courses, shadowing top advisors, and executive coaching. Fellows also receive a salary and benefits in year one and a draw against commissions in year two. [Introducing the William A. Millichap Fellowship]
What organizations are involved in the Fellowship program?
Fellows benefit from partnerships with organizations such as CREW Network, Project Destined, NAIOP, ICSC, and NMHC. A.CRE also provides financial modeling training through the Accelerator program as part of the curriculum. [Introducing the William A. Millichap Fellowship]
What will Fellows learn during the first year?
The first year is divided into four phases covering research, financial analysis, marketing, and relationship-building skills. These stages progressively prepare Fellows for a focused career path with executive coaching support. [Introducing the William A. Millichap Fellowship]
Where is the Fellowship offered?
The program is offered in select cities, including Atlanta, Chicago, Dallas, Denver, Los Angeles, New York City, San Francisco, Seattle, Toronto, Vancouver, and more. [Introducing the William A. Millichap Fellowship]
Who should apply to the Fellowship?
Ideal candidates are action-oriented, possess strong communication skills, and have demonstrated interest in real estate through coursework or experience. The program seeks individuals ready to build careers in commercial real estate. [Introducing the William A. Millichap Fellowship]
How do I apply or nominate someone?
Applications and nominations can be submitted at https://fellowship.marcusmillichap.com. The inaugural cohort’s application deadline was December 17, 2021, with the program starting February 14, 2022. [Introducing the William A. Millichap Fellowship]
