Eastdil Secured Real Estate vs IB side
Hi guys,
I am looking at applying for Eastdil Secured, and I was hoping for some insight from people more knowledgable than myself.
On my university career site, the career posting for Eastdil is for a Real Estate Analyst - Equity Sales. This isn't IB, is it? When I interview and discuss with Eastdil, I want to make sure I know which branch I'm signing up for. What would the IB branch at Eastdil be called? Last, it states the salary for the Real Estate Analyst - Equity Sales is 70k. Is this all in? I don't want to do IB hours for non-IB paycheck.
Eastdil sounds great for me because they just opened a China branch and are looking to hire, and it has been a dream of mine to perfect my Mandarin while working. But I want to make sure that I get hired by the best branch. Could anyone provide insight into the division between the real estate and IB side of Eastdil?
Equity sales at Eastdil is investment sales (brokerage). It will not be IB hours. I would assume 70K is base with a small bonus (probably 10-15%) if we're talking about a New York position. Eastdil's "IB" business will be loan sales, equity placement, RE based mergers, etc.
Like SHB mentioned, Eastdil's equity sales group is brokerage: investment sales. All-in comp for first and second year analysts can easily exceed $100K, this coming from a conversation with an MD in one of their regional offices. You'll get put through the grinder, but REPE is a common exit opp. I've had people within REPE units at firms like Oaktree, MS, and PIMCO tell me that Eastdil equity sales is a favorite recruiting ground. Think IB at the asset level: Excel and pitchbooks. I can't speak to Eastdil's actual IBD group. Good luck
NY and DC offices handle IBD. IPO, equity raises, advisory, etc for REITs
If you can get a gig with Eastdil investment sales group you will probably not be looking for exit ops. They sell everything that isn't nailed down.
That's US though, not sure how strong they are internationally.
My understanding is they don't have any presence internationally besides a few guys in Asia and Europe/Middle East to source capital for deals.
Great deal exposure and will get you plenty of underwriting experience that is easily transferable to REPE
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