CRE Credit → Capital Markets
Looking for some perspective on my career path and whether I'm overthinking my next move.
I started my career in RE Banking at a large bank (~2.5 years) doing CRE underwriting/origination and portfolio work. Since then, I've gotten some principal-side acquisitions/development experience through graduate internships while pursuing my master's in RE.
I'm now starting an AVP CRE credit role at another large bank. The role is mostly new deal underwriting/closing with some portfolio management.
Long term, I want to be in CRE Capital Markets / DCM / Loan Syndications — more structuring, execution, lender relationships and eventually more relationship-driven work.
I've interviewed for a few institutional real estate capital markets roles at asset managers/banks and gotten reasonably far, so I know I'm at least somewhat competitive for that path. Unfortunately, none converted into an offer, while the CRE credit opportunity did.
I'm taking the credit role because it's a solid opportunity and gets me back into a full-time institutional CRE banking seat, but I'm worried that I'm essentially repeating some of the underwriting/credit work I already did earlier in my career rather than getting closer to Capital Markets.
For those in CRE CM/DCM/Syndications, does this experience still position me well to make that move? Mainly worried about getting pigeonholed into credit when I know that's not where I want to end up.