It seems like I am taking the non-traditional route compared to most people on this site, but let me know what you think...
I am currently working as an analyst at an REPE fund in NYC. To date, the experience has not met my expectations as the deal flow is slow and I do not think I am learning as much as I should (I feel like I am stagnating). Management and company structure are also not ideal and I cannot see myself being happy in my current position even if the workload were to pick up.
I am beginning to send out my resume and reach out to people in my network and while I am still open to working on the principal side if the right opportunity arises, I have taken more of an interest into the RE Banking side of the business (mainly DCM and CMBS). The problem I am seeing is that most of these IB firms have their analyst programs in full swing already and I am not sure how to break in being that I am no longer able to attend the OCRs.
Some more info about me:
- semi-target/target school
- interned at several shops while in undergrad
- 3.7 GPA
- know the technicals of RE well
You’ll have better luck posting this in the RE forum. CMBS is housed under IB at some firms, but it’s a real estate position, not an investment banking position.
CMBS groups would be very open to someone with your background
There is RE IB and you're correct that it tends to be clustered into the IB pereview relative to real estate. Nevertheless, your best bet is to reach out to invidividual members of RE IB teams to see if/when they need lateraled analysts. Don't think the jobs are usually posted specific to RE. Best of luck
Why not lateral to a better repe fund, this seems like a step backwards. From knowing some analysts doing cmbs at BBs the work there is much less interesting than what you're going to be doing at a solid repe fund. Analysis is less deep, almost no thought or strategy, essentially just dumping numbers into a model and making sure certain thresholds are met.
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