Bank Lending - RM Comp
Trying to get an idea of market comp for CRE bank lending. Coming from debt brokerage with a production goal between $100MM - $200MM. Will be mostly construction with occasional term stuff.
West Coast, if it matters.
Thanks.
Trying to get an idea of market comp for CRE bank lending. Coming from debt brokerage with a production goal between $100MM - $200MM. Will be mostly construction with occasional term stuff.
West Coast, if it matters.
Thanks.
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Career Resources
For what level position and are we talking BB or regional bank?
First year RM should be 120-130k base with ~20-30% bonus. It's a slow(er) progression upwards however I've heard of RMs with 7+ years of experience clearing 400k at the larger banks.
Out of curiosity, why are you leaving debt brokerage? Ignoring work like balance, I always thought a good debt brokerage team can be A LOT more lucrative than banking.
It is for a Sr. RM position at a large regional bank.
Burned out on brokerage. Obviously a very lucrative path for top performers but basically everyone you deal with hates you. Developers resent the fees and lenders (other than agencies) resent your existence. And I hate schmoozing. Obviously there is some of that in bank sales roles but much less and work life balance is much better.
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