Just recently received an offer with Capital One's Commercial Banking Rotational Program. The structure is 3 rotations, with 1 being in Credit Risk. I've always leaned more towards CRE Lending out of undergrad, which is a potential rotation, but nothing is guaranteed. Should I commit to this or should I wait it out for more of a pure real estate role? I have 2 weeks to make a decision, and do not have any other offers... Any input is much appreciated.
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commit now and you can always back out later, just return the sign on bonus
Thank you for your advice.
Any complete answer would need an understanding of your likelihood to get a better offer later, and your post doesn't really give us anything to go on in that regard. If this looks like the only option, kind of a silly question, no?
Can we assume this would be a slam dunk if you were guaranteed a rotation with the CRE Lending group? If so, I'd indicate your interest at the time of your acceptance and ask if you can connect with CRE team members before your start date. Ask for coffee meetups to introduce yourself, express your interest, learn about their group, and ask what you can do to improve your odds of getting a rotation/placement with them. I'd think that would go a long way to differentiating yourself from other candidates.
For context, this is my only offer as of right now but have phone calls set up for other programs, nothing is definite yet (think operating company for large REPE firm). I have had 3 internships and currently with a developer for the last year while in school, continuing until graduation.
If I was guaranteed a rotation with CRE Lending this would definitely be a slam dunk opportunity, but it is tough since nothing is guaranteed. I will definitely take your advice/suggestions into consideration, thank you for your help!
Since this sounds like a generalist credit rotational program, I'd expect at most a handful of your peers will also have RE-related internship experience. Have to think that'd also improve your odds.
As mentioned below, good opportunity at a good company. Starting in a rotational program can go a long way on your resume.
Hello, it’s at-will employment, It’s no brainer to commit to a full time offer first while keep loking for better one
Take it. Capital One is a great company that pays and treats employees very well. Also internal transfer is very possible there, so if you really want CRE chances are you can get it.
That is good to know, I appreciate your advice.
Their new HQ is ridiculous, especially with that basketball court.
Had a buddy go through the program and transition to pure CRE lending there. From what I've heard they take great care of their employees and really are a merit based promotion org. My buddy is now a principal at a sizable NY developer at ~32.
Awesome to hear that, thank you for sharing.
I have no idea why people are blatantly recommending reneging. Apart from the integrity issue with all that, you represent your school. If you don't care about your school and its reputation, go ahead.
Yeah I would also really caution against agreeing then backing out
My buddy is about a year and a half into that program and loves it. Great options to work in some of America's coolest cities and I believe some abroad opportunities.
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