If you had to decide between Capital One's CRE Underwriting Analyst Role VS Citi's LIHTC Analyst VS CBRE LIHTC Analyst role, which one would you pick and how would you rank them in terms of overall potential / exit opps (all FT btw)?
Any insight would be appreciated, thanks.
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I think specializing in LIHTC will minimize your exit opps.
I'm assuming from the options OP listed that they're actually interested in LIHTC...
Yup definitely interested and considering that route
cbre easy. having a big name on your resume won’t hurt at all. plus you’ll learn how the big dogs do business and you may be included in some of the income upside.
Thanks for the input
Yup, CBRE alum here. you'll have no problem with exit opps. Having it on my resume has gotten me thrown into consideration for positions I didn't think I would be capable of just because of the name.
If it’s with CBRE LIHTC sales team in Seattle that would be my first. They work investment banking like hours. Starting pay is ok but after year 1 it starts to ramp up, when you include bonuses and profit sharing. Citi would be second. As you already know they are huge lenders in the space. You would get a lot of reps. They actually do training for a few weeks before you start the role, which is a plus in my opinion. Lastly, going LIHTC won’t limit your opportunities.
That helps a lot, thank you so much!
Do you mind PMing me? Have a couple questions in regards to the Seattle CBRE LIHTC team.
Citi is the largest lihtc debt player in the industry by far for over a decade. Depends on what your goals are but would take CBRE or Citi over CapOne
Yea I know, I was just wondering which company in general people would recommend, but thanks for your input. It seems that no one is recommending CapOne hahaha
So do you actually have these three offers in hand? Either way, I'd say these are all close enough in terms of "overall potential/exit ops" one would just focus on items like personal feel/fit, location, and even pay. Seriously, all three are great first jobs (assuming this for like first role post UG), and really none are going to alter your career path relative to the others.
Will say, if you don't have an interest in LIHTC, then one clear option lol. If one does, then choice between the two! So, I'd figure that step out first (if it matters to OP).
No written offers yet, but I'm pretty far into the process and was just curious to see what people's thoughts were.
I do have an interest in LIHTC, but I wouldn't mind the CapOne position as well. Either way, thanks for sharing your thoughts, it definitely helps!
If you land any of them, you win!
Thanks!
Capital One by far. You’ll get the most exposure to a variety of asset classes and it’s a reputable large bank.
Thanks for your input!
All are great. Can’t go wrong. If you don’t want to do LIHTC go to Capital One, otherwise, go with fit for the other two.
Don’t worry about exit ops, if you choose the LIHTC teams and want to move to market rate later, it won’t be an issue. If you want to go market rate to LIHTC, it can def be done, but it’ll be harder as you move up in your career as it’s specialized and you’ll be less networked within the LIHTC world. But you if want to make the switch, it’s still possible.
Thank you for your input, it's really helpful!
Do you know where you want to be in 3-5 years? CBRE will give you amazing exposure to LIHTC so you can decide if you want to do it, but shouldn't pigeon-hole you there given the size of the organization and the transferrable skill sets to other product types, in the event you do not like LIHTC. I'd personally go with CBRE for the sheer volume of deals you'll be exposed to. You can always leave CBRE to join a place like Citi as an associate if you want to be on the investor side. At CBRE you'll also get exposure to a lot of development shops in the event you want to try to take that route. You can also just stick around at CBRE and kill it if investment sales ends up being a good match for you.
Thank you for your input! I can't say for sure, but it seems like whether or not I go LIHTC, you recommend CBRE, as do some others.
mind blown at so many here saying take a LIHC role over a CRE underwriting role across all asset classes with a second tier bank..
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