What is compensation like on the debt side?
I'm sure it can vary greatly, but anyone have some general figures? The CEL report focuses on the principal side, so I'm wondering what it is like if you are in commercial real estate lending.
I'm sure it can vary greatly, but anyone have some general figures? The CEL report focuses on the principal side, so I'm wondering what it is like if you are in commercial real estate lending.
Career Resources
Typical mid market bank comp is about $100k base and 40bps per deal. At Chase this is how you will get paid on the commercial side. MF at Chase is pure commission with no base. I had a buddy leave Chase commercial term lending and go to CBRE MF lending. Comp was nearly identical. I see this structure often for mid market type deals. $1mil to $10mil loans.
I'm assuming this is not at the analyst level but more associate/originator?
Yes, originating.
In NYC Chase CTL is 60k base and 40-60bps per deal.
Wow, that's a nice fee. Is this after split?
Community bank Regional Bank BB (Balance Sheet) Life Co CMBS Debt Fund
I'm curious, CMBS is higher even though its gone down the shitter?
CMBS has made a very strong rebound from its stumble last year and early this year. One of the more recent problems came from stupid Borrowers and Brokers who went with small shops who just put anything down on a term sheet to win the deal. After running through the underwriting, these small shops would re-trade them. These Brokers and Borrowers have no one but themselves to blame.
CMBS pay is generally higher because of the fact it is a trading business. The return on equity is a lot higher because Lenders make their gains in one or two months after closing the loan.
I would pretty echo what IronChef said. The other thing is while there have been a lot of layoffs in CMBS over the past year or so if you're still alive you're living well.
Is the comp at a Debt Fund similar to that of an acquisition shop?
Just chiming in, I got offered an entry level analyst role for a small-mid commercial back in a secondary market. 60k + 10% bonus
I previously worked for a large CRE lender and the entry level salary ranged from $60k-$70k with 10% bonus. The equivalent of an Associate made anywhere from $85k-$100k with ~35% bonus. To make this comparison easier, the hours were significantly less intensive with little to no work on the weekend. Additionally, the environment was much more laid back.
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