Real Estate Analyst at Berkadia supporting CMBS
Does anyone have insight to share potential salary for a Real Estate Analyst position at Berkadia and what opportunity for growth is like in their corporate environment? Any input on what it's like to work there? I may have an interview soon but I can't find much on the web and I'm not sure if it's the right step for me.
I've seen a reported base of $50k and bonus of $10 to 20k on glass door and I've seen on WSO a reported base of $50k with bonus of $50k for a 2nd year analyst.
Thanks for any help.
Salary is probably about right. Opportunity for growth equals work for a couple years as an analyst and then become a producer (probably making $0 in salary but $$$ from deals) or try to move to the prinicpal side or a lender. No mortgage banking or investment sales analyst job (besides Eastdil) will have a high base salary. However, you'll make good money with the bonus even as an analyst. Berkadia is good, not quite the level of HFF, Eastdil, CBRE and JLL but still good. They are more known for doing mutlifamily / GSE stuff.
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Yeah. The job description says there's potential to become commercial mortgage banker after 1 to 2 years. The immediate would be a step back from what I'm doing now and not sure where the commercial mortgage banker role would put me.
I assume he means producer, in which case, yeah becoming one after year 1 would pretty difficult. Unless you have family that are developers or higher ups at developers. Gotta' build that rolodex first.
All of that assumes you are joining straight from undergrad. Obviously if you have relevant experience it would likely be faster.
Berkadia Real Estate Analyst Q's (Originally Posted: 02/27/2013)
Does anyone know what the culture is like at Berkadia or how it is thought of among people in the real estate industry? Also, what would an analyst make in NYC with an MBA? TYIA
No idea about the culture but I interned at Freddie and we did a lot of business with them. Everyone in my group had nothing but great things to say about the group. If you can get in that would be an awesome shop to work for. Ride that MF wave!
Sweating....Who are the top 5 players in Freddie right now? I hear PNC, CBRE, Berkadia, Prudential Mortgage Capital, and Wells are doing very well in the space right now.
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