Eastdil Secured
How much does an analyst at Eastdil Secured make (Los Angeles, SF)? Is it comparable to the street? Recently offered a summer internship.
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Bump. Would love to know more about this place (pay, "prestige," is it comparable to a BB or EB pure IB, etc.). Doesn't seem like there's much info out there.
1st years make 70K I'm pretty sure
Do you know how much the total compensation is counting bonuses? Also, how is this compared to starting salaries on the street? Thanks!
Do you know how much the total compensation is counting bonuses? Also, how is this compared to starting salaries on the street? Thanks!
You can expect north of $100k your first year all in. You're going to be sleeping under your desk...As per the usual you will be put through the grinder. IB hours. The analyst rotation is a standard two year program with the largest analyst pool being based out of Santa Monica I believe.
EDIT: I just realized you're going to be a SA. Forget what I said about hours. I think it's pretty mellow.
From what I understand you will be a generalist and get staffed on all sorts of deals (retail, office, industrial, multifamily, and debt). An MD there told me 90% of the analyst get picked off by the clients by the end of the first year. Exits are top notch--go look up their client list (Blackstone, Clarion, Tishman, Jamestown etc.) Eastdil is the best in the RE capital markets arena hands down.
I don't know much about the REIB group (NYC and DC offices). but if it's worth anything I had a discussion with a former SMD from Eastdil who now works at my company and the told me they're a bunch of legacy Wachovia and Wells Fargo guys. They do it all (M&A, IPOs, Fund Placements, etc.) Probably similar comp if not slightly more and same hours.
Where is Eastdill? (Originally Posted: 01/10/2018)
I am confused as to where Eastdill Secured stands under Wells Fargo. Is Eastdill under Wells Fargo Securities or does it stand as its own entity under Wells Fargo.
Is Eastdill part of Wells Fargo's Commercial Real Estate group? If so, how do these two entities differ in terms of products/services and target clients?
Can someone please shed some light on how Eastdill operates under WF? Thanks in advance.
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