Hey all,
I am a current senior in college, and I was very lucky and fortunate enough to receive offers from Freddie Mac as a capital markets analyst.
Do you guys think starting a career as an analyst at a government-sponsored enterprise is a good choice for a beginning career? Any 2-cents from you guys would greatly be appreciated (Job prospect, exit opps, pay etc.)
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Coming out of UG, your options for direct institutional real estate jobs is more limited than it will be later. More and more firms have requirements/desires for grad degrees even for entry level. Thus, a job like this is a great placement out of UG. If you want to shift in 3+ years, you should have options or could go to grad school to go really high octane if desired.
In short... the best job is the one you get offered! And this is a good one by all objective standards.
Hey, thank you so much for your input! TBH, I still don't know what I want to do after graduation, partly why I applied to many rotational programs and this is one of them. I also have a competing offer from one of the Big 4 as well. What would you say the biggest advantage is with this option of working for direct institutional real estate?
What type of role at a big 4? Unless you are fairly specific about role/group/team, etc. its hard to say much. Generally, advisory type roles at those firms are pretty rote especially out of UG. Not bad in anyway, but if you are thinking from a CRE/institutional career perspective, Freddie Mac beats a big 4 hands down (my personal opinion anyway). It is sort of the difference of being on the "inside" vs. being on the "outside looking in".
The advantage of working in a direct principal shop (which Freddie Mac qualifies as essentially) is you are part of real deal flow, investment decision making, and active risk management. Of course, as a junior cap markets analyst, I wouldn't expect you to do much high level investment decision making or even recommendations, but you are surrounded by those who do.
Agency experience is valued by the cap markets world in general and course the multifamily world. You will get nods of respect for working there.
Any other opinions? Thanks!!!
Take the Freddie Job and after 12 months start looking for a lateral to a generalist high yield debt fund / Multifamily PE / Developer or whatever RE path you find most interesting
I know a guy who's an analyst at Freddie... he gets paid super well because of overtime and seems to get a lot of good perks. Doesn't seem like the most interesting work tho.
If you want to stay in RE Freddie will be a better option. I have worked at Big 4 in audit and at a Fannie/Freddie lender. Freddie will give you much better exposure to deal flow, decision making, borrowers, lenders, financial markets, underwriting etc. than you would get as a Big 4 staff. Hours should be less, pay will also probably be better and the promotion structure is less rigid. The one thing to watch out for is that you might be pigeonholed as a multifamily person if you stay for a long time, which is fine if you like the asset class but something to think about.
It will be an interesting time at Freddie as they are looking to exit conservatorship at some point in the next decade.
Does anyone here work at Freddie? Trying to understand the interview process better because I've had two interviews with them recently for a position and have followed up by email a week later, then by phone another week after that. They haven't gotten back to me on which direction they're taking and I am getting frustrated. Any help is appreciated.
when do you make 150K+ base at Freddie? With overtime/bonuses do analyst/associates ciats get there or do only senior level managers get to 150K+? What are bonuses like? Any opinions on working for Freddie vs agency lenders like Berkadia or walker Dunlop? What are the pros/cons? Thank you.
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