Eastdil Secured Post-MBA
I’m a MBA student at a top southern program (ie: UNC, Emory, Duke, etc) with the goal of transitioning into REPE. To get heavy deal experience I am quite interested in starting at a firm such as Eastdil. A few questions:
Any idea on comp and hours for Eastdil as an associate in Atlanta?
Morgan Stanley has a REPE office in Atlanta. Any insight as to deal flow in the office?
If anyone is in REPE in the South and would be willing to speak, it would be greatly appreciated.
Thanks much
Eastdil ATL is a smaller office. The main offices are NY, LA, and SF. These are also the offices with the best exit ops, specifically NY/SF. Believe comp is the same at all of them (at least in the same ballpark), but cost of living is obviously a lot better in ATL. I know they used to hire a lot of MBA associates under their old IB group, but believe it's a bit less common for IS. Depending on your background, you may start as an analyst for the first year. I know they did this with an MBA hire in the SF office.
I had a different experience in another secondary office. I worked with a Kenan Flagler kid, he came in as an associate and I think pulled like 230-240k his first year. Responsibilities though are gonna be the same as an analyst.
Comp is likely similar to DC, expect $100k base + 100-200% bonus. No matter what anyone here tells you that office fucking grinds, my buddies there that are older have a hard time seeing their wives and they're more senior. Solid exits to almost any firm in the southeast, and most of the younger crew is out after 2-3 years for lifestyle reasons. Think deal flow has waned a bit out of this office since Kennedy left for Cousins, but you'll still get fantastic experience. Only teams they have there are retail and office groups, but they pitch in on some of the multifamily and industrial stuff if it is in their markets (most of multifamily in the sunbelt is getting run out of Charlotte and Dallas with some help from DC).
No clue on MSREF, and I was candidly unaware they had an office in Atlanta. Others may have more info.
Nachison and Davis???? lol
I think they have 4 or 5 MDs in Atlanta. They work on deals across the Sunbelt and cover all the major property groups except Multifamily. Eastdil’s Sunbelt multifamily team sits in Dallas and Charlotte. They also have debt placement in Atlanta as well.
Not sure about associate level, but analyst hours are around 70-80 per week from what I have heard. Would assume fairly similar for associates.
I am in a similar situation, but continue to face some headwinds trying to interview at ES. I'm a little bit older MBA candidate transitioning industries, and they seem very focused on age. I had good RE coursework during my MBA (top 25) and was previously in investment banking in another industry, so not like I'm green on Excel & valuation work.
Any suggestions on how to address their concerns?
What city are you in?
West Coast - sent you a PM.
You need to know someone there. Unfortunately, it's very hard to get an interview otherwise. Your experience seems great, so honestly surprised. I know they are less keen on MBA's now. There was a recent MBA hire who came in as an analyst instead of associated, if that tells you anything. SF/LA offices are the best at the company by far, if you're speaking about investment sales strictly. IB groups are in NY/SF. Both very small, but top of the industry. Culture is horrendous at the firm as a whole though— and things have only gotten worse post WF.
Thankfully I know some folks but still hasn't translated yet. Yes I heard about that...said I was willing to come in as a senior analyst or something so will see how that plays out. I am targeting investment sales. Interesting to hear about the culture though - is it just the hours? I hear people talk about the hours but at the associate level it seems somewhat normal, especially coming from time spent working as an analyst at a Evercore/Lazard/Rothschild type firm.
Yeah if you worked at one of those firms I have no idea why you’re not getting interview, unless they’re still just not hiring period (which was the case for a while) Really would only recommend Eastdil as an analyst or lead MD. Otherwise it’s just not a great place to be. The culture has gotten continuously worse since WF split. While WF was not a perfect match by any means, being associated with a bigger company certainly has its advantages and ensures accountability which has just been completely lost within the firm.
As a Prospect in IB I would love to hear your reasoning as to why the culture is so bad after the WF sale between the MD and Analyst roles.
Just as an update - had a pretty poor experience recruiting with Eastdil. Had multiple people in 2 different groups in the same West Coast office tell me I was "too old", direct quote, to be an Associate there. I'm early 30's post-MBA, which is fairly standard for an Associate anywhere else. Process drug on for 2+ months and a case study with one group before finally giving me the "too old" line. Pretty unprofessional, not to mention illegal. Ended up at a West Coast developer and am very happy with my outcome.
I interviewed with ES while in MBA and learned that if hired full time, you tend to come in as a second year analyst... that to me was a turn off. Just FYI.
Care if I ask what School?
Bumping this to inquire about Eastdil salaries.
What could an experienced associate with a top MSRE looking to transition to the sell side expect to make at the VP or experienced associate level with them?
Probably depends on the asset class. Some are hot some are not.
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