CMBS Exit Opportunities?
Monkeys,
I accepted a FT offer as an analyst in CMBS after graduation and was curious to know what exit opps I can take 2-3 years down the line. On a day to day basis, I'll be working on pricing, trading, securitization, and distro. Ideally, I'd like to go to the buyside (REPE/Infra PE/CMBS focused hedge fund). How would I go about breaking in - do I take the head hunter/networking route? What skills do I need, and how would you recommend obtaining said skills? Would another degree after my analyst stint (MBA in RE/Finance or MS in Fin Engineering) help? To provide some more context, the group works on a ton of deals for REPE MFs.
Any insight is appreciated!
Great thing about CMBS is the amount of volume. REPE / Development doesn't have a fraction of the volume. You'll see a ton of deals and meet a ton of people. Best thing to do is use the deal volume to build your network and if you are competent you'll be able to easily transition. That's where I started.