Citi bank-CRE vs JP Morgan CRE

Hi all,

Are there major differences with the CRE groups within Citi Bank and JP Morgan?

Based on Citi's 2018 summer analyst position job description, it is my understanding that CRE is within its corporate and investment banking division. On one hand, I see them mentioning on how the group focuses on real estate properties and developments in diverse industries, such as hospitality, retail, office, industrial etc and other property types within the commercial real estate industry, this makes them look like any regular balance sheet CRE lender, but at the same time, they also mention how the group is focused on originating, structuring, marketing and executing secured and unsecured financings for publicly and privately traded real estate investment trusts (REITs), sponsor funds, developers, C-corps as well as hotel management companies. Transactions include corporate credit facilities, financing in connection with initial public offerings and mergers and acquisitions, restructurings, bridge loans, and leveraged buyouts. Isnt the latter more investment banking esque rather than CRE financing?

JP's Morgan's CRE team particularly its commercial term lending group appears to deal with more property level CRE financing.

As someone who is interested in CRE financing and not investment banking, is JP Morgan a better fit. I want to work on property level financing and not corporate financing. I think I would enjoy underwriting and I can also see myself later specializing in multifamily and working at a GSE lender down the road. Given my goals, any thoughts? Really appreciate any help!

Any previous summer CRE analysts at both banks get full time offers to return?

 
Best Response

Et debitis nobis et quisquam ducimus. Aut ipsa consequuntur sed omnis in sed.

Voluptatibus ea natus consequatur dolorum occaecati. Rem voluptas corrupti et mollitia culpa. Esse at praesentium et illo. Sit ea ullam unde aut vero facilis. Debitis sunt laboriosam in voluptatibus voluptatem est.

Eveniet quo a ipsum velit. Quia omnis qui vero id quo minima nemo. Totam reprehenderit dolore ut.

Array

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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
dosk17's picture
dosk17
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
DrApeman's picture
DrApeman
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...”