CMBS Analyst Job Opportunity @ Cantor Fitzgerald- INSIGHT NEEDED
I have an opportunity be an analyst at Cantor Fitzgerald. I'd be working with a team doing CMBS loan origination. Essentially they originate, securitize a loan against commercial real estate, pool it with other loans, and sell the bonds to pensions funds and the like.
I'd love to hear some opinions on 1.) CMBS 2.) Cantor Fitzgerald and 3.) The exit opportunities that CMBS provides. Would this be a good place to jump start a career? Any insight is appreciated!
I interned in Structured Finance so I'm pretty familiar with CMBS. This is 3 months of experience, so just a disclaimer.
Structured Finance consists of CMBS, RMBS, CLO's, CDO's, and ABS. The pros of working in CMBS are that the exit opps are tremendous since you get exposed to a number of different types of loans within CMBS portfolios. Often you may get to go on site visits of the properties involved so that's pretty cool and allows you to evaluate the pros and cons of the properties. RE divisions at banks and RE focused buyside shops are always looking for people with CMBS experience. When I interned, there was one person who left for a BB doing RE, a couple people left for buyside AM shops, and one person went into consulting.
A con of Structured Finance as a whole is that you can get locked into that type of role pretty quickly. There's not a lot of people with this type of skill set and experience, so there's demand for you but at the same time transferring that to Investment Banking or PE is close to impossible. It's not as difficult a transition to rotate within divisions in Structured Finance, but the skills you gain aren't relevant to IB or PE. Unless you go to B-School, you could get roped into Structured Finance as a career unless you get out quickly.
I don't know too much about Cantor Fitzgerald though. Hope this helps.
I really appreciate the response. Great insight!
CMBS Analyst Opportunity @ Cantor Fitzgerald- INSIGHT NEEDED (Originally Posted: 10/19/2014)
I have an opportunity be an analyst at Cantor Fitzgerald. I'd be working with a team doing CMBS loan origination. Essentially they originate, securitize a loan against commercial real estate, pool it with other loans, and sell the bonds to pensions funds and the like.
I'd love to hear some opinions on 1.) CMBS 2.) Cantor Fitzgerald and 3.) The exit opportunities that CMBS provides. Would this be a good place to jump start a career? Any insight is appreciated!
All exit ops would be real estate related.
Cantor, CCRE, Berkeley Point, BGC, NGKF, ARA are all one in the same. They are all making major moves in the real estate market. Exit ops could be transitioning easily to another platform within the family. Like BKS said, it will most likely be real estate related.
Curious on this...by RE related....does that includes REPE,REITS, and HF RE?
What about what this role at a BB?
Be prepared for that shop. I had a friend in that group and on a good night he was getting home around midnight. The culture is not very friendly and it's a hell of a sweatshop. I interviewed there myself, thought I did fairly well, didn't get it. Grindhouse
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