Desperate for career advice in CRE/Credit Analyst career
Alright so I'm in a bit of a buttfuck here and really need some good advice on which career path to make for myself. All feedback is welcome as I'm struggling to find meaning in my life for work. I'm working on two offers right now, (1) Credit Analyst for a Commercial Real Estate team at a commercial bank & an (2) Acquisitions/Deal Sourcing Analyst role for a small RE syndicator/private equity group. I essentially have no idea what I want to do for a career in commercial real estate since there's so many different routes, but I guess my end game is to be an operator and close my own deals to take home the real gains. The Credit Analyst position offers a low starting salary with benefits, but the Acquisitions Analyst position is commission only for each deal acquired/closed (only if sole-sourced). I'm 25 post military and just graduated with a bachelors in Finance, I feel old as fuck starting out at this age so I need to get my life rolling and need to start chasing bags. Which job choice would set me up with the most versatile career in CRE?
Even if your advice has nothing to do with this topic, tell me anyway because I'm this close to offing myself.
(My thoughts are to take the shit paying Acquisitions job and do a Masters in Real Estate at Fordham University at the same time for around a year, then move to an bigger sized company within the NYC metropolitan area. Is this the right move? I have previous investment banking internships and am well versed in investment analysis.)
times it keeps you up with rage a grief lol Yea don’t fuck up like I did
My original comment never uploaded when I tried to post it for some reason. Here’s the rewritten one:
There’s a few factors that are important to give more accurate advice: what’s the total all in comp for the credit analyst position? How big is the bank (what are comparable sized banks)? And where is the credit analyst position located/what city? Given the limited info, I would still choose the credit analyst position.
Reasons:
With a bachelors in finance, military experience, and let’s say 2ish years of experience in CRE at a bank as a credit analyst, I think you can easily pivot. From what I’ve seen, there are a few groups of people that employers tend to like to hire (assuming they have a degree in anything analytical): post military and D1 athletes. My hunch is that both of these are signals that the person is consistent and can work well in teams…and they have a brain per the finance degree. The Venn diagram of those people isn’t many, so you’re on a good track.
Also, I think the masters in real estate at fordham is both a waste of time and money. Did you take a real estate class during your bachelors in finance? If so, put “Finance with a specialization in Real Estate” on your resume and it accomplishes the same thing. Take the credit analyst role, get a steady salary and job experience. Join ULI, get active, network in RE. Take some financial modeling courses like REFM. Throw that on your resume. If you want to go one step further, get Argus certified and get the bank to pay for it. Not saying that Argus certification is useful (you could learn it in a day) but employers like to know that they don’t have to worry about teaching you it. That would be more effective than a masters in RE at fordham.
Recommend the credit analyst role as well due to the setup of the acquisitions role. That is 100% a shop that doesn't care, doesn't have your best interests at heart to learn and grow and will fuck you over (even though other shops may, a salary is bare minimum).
I just finished NYU's Masters of Real Estate program so if you have any questions about NYC Masters programs let me know. I would not recommend Fordhams, brand recognition still matters and if you can get into NYU's or Columbia's I would say go with that. They're money grabs for the school in all honesty so you can get into at least one of those without any RE experience.
Feel free to PM me if you have any questions.
Exactly the kind of advice I was looking for, I appreciate you rewriting that mate. That was a big help.
The credit analyst job sounds like a better foundation for you. If you had more experience, network, personal savings, and the market was looking up, then maybe the acquisitions job.
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