Morgan Stanley CMBS Originations

Does anyone have experience with MS in the CMBS originations group? I'm interested in learning about the culture, deal flow, hours, comp (analyst/associate level), etc.

I've looked through past posts but haven't seen anything too recent or detailed. Thanks in advance.

9 Comments
 
Most Helpful

CMBS Originations at MS has solid deal flow with both their large loan and conduit verticals. All CMBS at the bank falls underneath their "Fixed Income" umbrella. If you had a choice, go with LL as you have exposure to stronger borrowers and brokers along with the ability to work on "trophy" deals. In 2018, their LL group has been most active with nationwide portfolio refis. Culture seems better than most CMBS groups at large banks, in my experience. Comp at analyst/associate level is healthy at market.

Space and place.
 

I would think being a full employee is better than a consultant. Do you or anyone else have insites to what it's like as a consultant vs an actual employee?

 

To add a personal observation - it depends on the shop whether being a consultant vs. full-time matters or not.

At shops that have a huge presence of consultants, theres generally no difference and it actually might be better (all cash comp, sometimes better benefits, etc.) than being full-time. At shops that have one-off consultants, its a different story and it may be a rough experience.

My understand is that everyone at MS CMBS is a consultant but this may have changed over the past year or so.

 

Voluptatem animi omnis adipisci eos quaerat rem commodi. Qui quo praesentium ut aut voluptatem qui omnis. Repudiandae sapiente rem ad unde voluptas. Ex eveniet excepturi voluptas deleniti itaque architecto rerum.

Animi aut quam aliquid quia ea. Quia cum ad velit ea est id. Vel libero blanditiis consequuntur facere quam vel. Molestiae repellendus dolorem modi aut placeat dolore id minima.

Ratione nisi architecto perferendis quo non placeat. Tempore laborum tempora est similique consequatur.

Necessitatibus aut quaerat dolor qui alias dolore. Voluptatem inventore qui deserunt explicabo qui magnam. Voluptatem itaque sed illum error deserunt maiores. Dolorum porro provident rerum commodi unde ullam.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
CompBanker's picture
CompBanker
98.9
7
GameTheory's picture
GameTheory
98.9
8
dosk17's picture
dosk17
98.9
9
DrApeman's picture
DrApeman
98.9
10
Mimbs's picture
Mimbs
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...”