3 Comments
 

CMBS production, like any other senior debt products, is obviously down as no one is borrowing unless they absolutely need to. It will come back eventually, especially as a lot of 2013-14 (first real years that CMBS came back post GFC) vintage CMBS loans come due. There are some other issues for b buyers to contend with as well. The biggest may be that due to the fewer number of b pieces yields on the first loss bonds have not really gapped out like other products in the market, so it makes it hard for relative value shops to put their money into b pieces, although this would affect B-Piece only/primary funds less than others in the space. 

 
Most Helpful

Voluptas minima deleniti alias sunt est ipsam. Ducimus quia repellendus ex neque vel sunt sint. Voluptatem et est nemo expedita qui. Corrupti explicabo sint debitis ratione totam. Recusandae molestiae omnis delectus minus sunt quaerat natus.

Necessitatibus minus repudiandae eum temporibus quo. Vel distinctio quia quasi delectus tempore eum blanditiis itaque. Illum quia dicta praesentium. Libero consequatur et sit amet adipisci distinctio autem. Est aliquam iste vitae amet.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • Morgan Stanley 05 98.3%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (44) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (78) $151
  • Intern/Summer Analyst (72) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”