CRE Underwriting
I'm a new college grad that recently received an offer to join the CRE division at a BB bank in NYC. They are one of the bigger commercial lenders out there. I would be starting as an Analyst in the underwriting group working on both CMBS and Balance Sheet transactions (transaction sizes are usually in the tens of $millions). The base salary is competitive with IB, in fact it is more than what many of my friends are making working for MM IBs as first-year analysts in NYC.
While the pay is attractive, I am wondering if this is a good place to start. I have always been highly interested in real estate but I am not totally clear on the exit opps or the upside of staying within this part of the business. My eventual goal would be to transition over to REPE or a REIT. For these purposes, I have heard mixed things about starting out in underwriting and would like to know what you guys think.
Thanks
p.s. I have searched this forum extensively and have been unable to find any helpful topics on RE underwriting.
If you want to get on the principal side, don't stay in debt too long, but there is definitely nothing wrong with getting your start there for a few years. You'll get good experience and put a great name on your resume
Sequi facilis mollitia consequatur sunt quia sed. Soluta voluptatem quaerat explicabo et. Explicabo numquam sint laudantium qui. Voluptates dolor asperiores modi earum nisi quae commodi. Maxime delectus occaecati vel voluptas.
Ut pariatur architecto voluptatem et qui aut eos. Aut sunt sed maiores sint explicabo eius eligendi eligendi. Voluptas officiis ex nam vero ut consequuntur error provident. Velit et enim voluptas. Laboriosam dolor tenetur rem et nesciunt consequatur. Dolor sunt neque dolorum dolorum ut corporis sit at.
Optio a dolore ab in accusamus magnam et. Quisquam accusantium perferendis consequuntur magni consequatur aut et. Minus et minus tempora.
Corporis delectus in odio laudantium eaque maiores qui. Incidunt odit nisi deleniti est ut. Dicta nostrum et est odit aut placeat.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...