Help 1st year analyst decision
What would you choose? Working as 1st year Analyst at Freddie Mac in production and sales, or for Wells Fargo doing Balance Sheet lending. Taking into consideration Comp/Hours/Deal Flow/Exits. Any more info on either would be appreciated.
Personally, BS lending. I've personally not known anyone from Freddie Mac so I may be biased and uninformed (please do your own research), but I know tons of people coming out of BB lending and they all are able to secure great jobs in other areas should they choose. Including REPE and private debt funds.
Unless you have a passion for multi family, BS lending 10/10
WF for sure. Great CRE analyst program
Cant go wrong with either position tbh. I see both positions leading to solid 200K+ jobs if you stick around and manage to stay for 10+years. That being said, WF might have longer hours atleast starting out. You will have some nights where you are reviewing 20 leases at 10 PM or working on a asset summary report on a weekend. May not happen often but it would definitely happen more often than at Freddie Mac. On exit opps, the logical thing to think is the WF gig leading to a sexy debt fund or a REPE shop. But, imo- working on just one product type and being pigeon holed is a bit exaggerated. If you understand the drivers and the basics of each product type and you can pick that up by even reading appraisals, you can appear (the key word is "appear" as thats all you need to do in an interview) intelligent in an interview. Real estate is not rocket science. The WF analyst who is plugging and chugging numbers into a industrial or retail sizing model versus you doing the same into a multifamily sizing model at Freddie is not that different. And both places will also have templates for your DD and asset summary reports that you just recycle for each deal. What's more important is learning the drivers behind each deal.
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