Commercial Credit Analyst CRE. WHATS NEXT?
I have a Bachelors in Finance and am currently working at a 5B asset commercial bank as a credit analyst (one year in) working on mainly CRE deals and C&I deals, with an occasional middle market deal. I am looking for some ideas and pathways for someone who can leverage their credit knowledge at a bigger bank working with bigger deals maybe outside commercial banking. I could either stay in credit or go into the commercial lending at this bank which is what I’m planning on doing. I would like to work in credit at a larger scaled company/industry but not be totally lost. Looking for responses to give me a plan. I’ve thought about getting my masters maybe in Real Estate, yet many say it’s not worth it. Any advice is much appreciated.
Based on the most helpful WSO content, here’s a roadmap for your situation:
Leverage Your Current Role:
Transition to Commercial Lending:
Explore Opportunities at Larger Banks:
Consider Specialized Education:
Alternative Pathways:
Networking and Skill Development:
Long-Term Planning:
By following these steps, you can position yourself for a successful transition to larger deals, bigger banks, or even new industries while leveraging your credit expertise.
Sources: Career Path Starting as Credit Analyst, Credit Analyst in CRE, Q&A - Commercial Banking Credit Risk SVP in Southeast USA, CRE Credit Analyst Career Path, Q&A - Commercial Banking Credit Risk SVP in Southeast USA
I am in a similar path as you. I think if you have opportunities at your current bank, then its worth taking a look. However most times you are able to better increase your comp by switching employers. With that being said, aside from bigger banks, you can also look at the capital market teams of CRE brokerages (JLL, Newmark, etc), our asset management companies. Depending on the team they can work on some bigger size deals. I think you should gain a bit more experience before considering a masters. Although 2-3 years experience in CRE is almost like getting a Masters. Good luck!
Since this is your 2nd post in a week asking the same thing; best advice is pump the brakes and be patient. You're just a year in and still learning. The deals you're seeing at a community bank are likely to be boring and repetitive so you need to see a lot of them to learn and grow. If you want to be at a bigger bank; deal experience is your friend. Network with your peers and join RMA chapters or whatever else you can to meet other bankers. Turnover is always present at larger banks so you can probably jump ship in a couple years that way but they've got to know you. It's a relationship industry.
If you elect to be a lender at your current bank; be sure you can deliver results.
RMA chapters as in Risk Management Association chapters?
Yes.
You're a year in, now is not the time to try and make a switch. Additionally, why not stay in CRE credit switch to another bank and be making 200-300 within 3-5 years?
Brother im making 65 a year right now. Whats the path to 150 , even 100 in 3 years
If it's that easy to make 300k a year working 35 hours a week in credit they're going to be inundated with candidates here soon.
Never said it was that easy, just that it's a path. Dont think it's impossible to be making 200-300 as a relationship manager all in. I know some that are pulling in that range but also eat what you kill to a large degree. I'm sure it's a tough environment at the moment.
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