CRE Credit Analyst Career Path
Can anyone speak generally to the CRE credit analyst career path and what reasonable exit opps are after a couple years?
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Bump because I am interested as well - I started as a CRE Analyst and work in Underwriting now. I'm sure there's someone on this forum with some insight
Analyst —> Underwriter —> Deputy Chief Underwriter (name will vary from firm to firm, basically a guy who manages underwriters)
That’s pretty much it. Underwriters are basically very experienced analysts. Analysts help out the underwriters with the more basic / easy stuff. Credit committee and deputy chief underwriters make high level decisions about what is / isn’t okay on certain deals and adjusting loan metrics accordingly.
If you want to leave the credit side after a couple of years, I’ve seen every move made. Acquisitions, asset management, debt funds, REITs etc.
To add onto this there's also a relationship manager loan originator career path that's more sales oriented
Thanks for this - I'm really interested in working in acquisitions for a REIT or a CRE Group, do you have any insights as to the best way to break in? I was thinking MBA for some time, but I've found that many on this forum think a MSRE or MBA may be an expensive way to break in and networking could potentially get you there if you sell yourself right and know the right modeling. Thoughts?
Monkeymoniker I can shed a little bit of light on this as I just transitioned out of a CRE credit analyst position.
To provide a bit of background.... It took me roughly 14 months to land a credit analyst gig. I had a mentor growing up that developed Walgreen's and he told me that if I wanted to be successful in the CRE business, I needed to learn how to structure loans as they are essential in almost every transaction. He also told me to only get that credit exposure with a bank for about 2-3 years then get out or else you'll end up in banking and get pigeon holed.
That being said, I was in the credit department for a middle market bank in a smaller city for roughly 13 months and was promoted to a portfolio manager position. I learned a ton as an analyst and I believe you can transition pretty much anywhere with that type of experience. The more property types you get your hands on the better off you'll be. There is one regret that I have.... There was multiple opportunities for me to underwrite tax credits and I didn't. They are becoming extremely popular and this is one way to set yourself apart. I've seen multiple job postings with positions specifically for tax credit's, also companies looking for individuals who have experience underwriting them.
Feel free to PM me if you have any other questions.
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