CRE Banking @ Top 3 Bank or Asset Management at Public REIT
Having a tough time choosing between two directions. For some context, I am 1 year out of undergrad with ~1 year of related experience
I have an offer for an Asset Management Analyst position at a Public REIT (Healthcare), that is doing really well and growing very fast. Compensation is very generous (all in 100k+)
I’m also evaluating a CRE Banking (Commercial) Analyst position at a top bank. Compensation is pretty standard (85-90).
I’m wondering which position would give me better opportunity down the road in my later career, and which one would be the best launchpad for my next step in 2-3 years.
What types of asset classes/debt is at the bank opportunity? Know anything about the deal flow? Think we need to know more about that role.
JD says across all asset classes, and the deal flow is high. This specific team/office is churns through a ton of transactions.
The REIT is focused on Senior Living/Skilled Nursing
If you are looking to be on the investment side of CRE then it could make sense to do the AM position at the REIT. However, it seems that position is very niche. I’d be careful about doing senior living or a specific asset class so early in your career (unless you for sure want to pursue that asset class). Is CRE banking role in originations or portfolio management? That is a very different experience. If it is originations - it would be a very good position and still be very applicable if you want to pivot to equity / credit investing side. Also curious - is this in a tier 1 city? You shouldn’t care too much about the pay. Is AM analyst also 85-90k base but with bonus 100k all in? The CRE banking role should also have a decent bonus (unless portfolio management)
I’d do the banking route. Working on deals is a better first experience compared to AM. You will have a solid brand on your resume when you want to go hop to another gig. Skilled nursing too niche IMO.
Do you think it would pigeon hole myself and make it more difficult in terms of exit ops?
You're way too young to be concerned with pigeon holing yourself. I work at WF and I've seen this play out year after year with analysts and associates. If you're on a strong team with consistent volume, you will more or less be able to choose your exits.
What top 3 bank pays 90k to an analyst? That seems incredibly low, I started in bank lending and was higher
JPM apparently haha, not sure why it’s relatively low compared to market
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