Deciding between jobs - Mortgage banking analyst at agency shop (Northmarq/Walker&Dunlop) vs Corporate Finance at a CRE developer (Related/Hines)
Currently deciding between two career opportunities and could really use some advice from those with experience in the industry. I’ve received offers for two roles:
- Mortgage Banking Analyst at an agency shop (Northmarq or Walker & Dunlop)
- Corporate Finance at a CRE developer (Related or Hines)
The mortgage banking analyst role seems to focus on debt financing, underwriting, some origination, and loan structuring, providing a strong foundation in real estate finance. The corporate finance role seems more back-office oriented and potentially less directly tied to real estate development, though it still involves a lot of financial strategy and planning.
My goal is to transition into multifamily development down the line. Given that, I’m trying to figure out which path might offer better exit opportunities and growth potential. Which role would you recommend for someone looking to move into multifamily development? Are there specific exit paths that might be more conducive to that goal from either position? Should I keep looking and start an entry level role in anther shop/position?
When you're young, deal flow and its related experience trumps all IMO. Plus, I've personally seen the agency --> developer route many times.
I spent ~4 years at an agency lender in my mid 20s and it was great experience that gave me the deal knowledge I needed to open up my future prospects.
Agreed - take the agency role. That will be much more transaction oriented and the debt financing knowledge will serve you well to explore varied roles in the future.
I’d focus on whichever role gives you the most deal flow and learning opportunities. The goal early on should be to see as many different situations as possible — that’s how you really build judgment and grow fast in this business.
Option 1
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