RE Banking Elder advice

I am brand new to the forum as a youngin just beginning my career; interned this summer at a mid-sized bank on the CRE lending side in a HCOL city, really enjoyed it and will likely be returning as an analyst next summer (return offer). I see a lot of analysts and other younger people on this site, but am curious how many people deep into their careers (15+ years, at director levels, etc) are active on this forum. If so, any warnings or advice for senior year of college and beginning the foundations of a career in banking/CRE in 2023? I have read a lot on this forum about the quality of analysts being down this year, even fellow interns seemed a bit under prepared to me. How can I stand out?

 
Most Helpful

Couple of pieces of advice:

* Network not just with your intern/analyst class or group, but with all of the "middle/back office" groups (finance, ops, hr, admins, etc) as well. You never know when that admin or accountant is going to leave for xyz firm and then give you a call because they heard of a spot that you might be interested in. Also, it just makes you a nicer, more round person if you aren't a stuck up asshole and actually understand how those groups help you.

* Don't be lazy and read everything. Read every word of those OMs, IC memos, appraisals, construction reports, etc. It is super frustrating when you are a busy senior to get asked a question that is answered somewhere if you would have done your homework. By all means ask if you don't understand something, but at least try and understand it first.

* fake it until you make it. For your first job out of school, you are probably going to feel a little bit like an alien on a new planet. Observe others and do what they do. Once you are more comfortable, you are free to be a bit more "yourself" but the first few years are somewhat about assimilating to the culture. You can be fun and quirky on your own time, only bring it to the office when you are sure it isn't going to be an issue.

 

A dolorum molestiae qui tenetur sit. Ut et quas quod sequi harum non. Illum non fuga qui dolores ipsam molestiae eos.

Veniam placeat ratione cum sit enim recusandae. Voluptate voluptas omnis dicta. Ipsa blanditiis laborum maxime eius qui.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
numi's picture
numi
98.8
10
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”