Hey Monkeys, I've got a few years of CRE experience. I spent some time doing fp&a stuff, spent a year in REPE acquisitions at a boutique, spent a year as a debt/equity broker at a pretty well known shop / for a well known group, got canned due to Covid and have spent the last year-ish as one of two in-house capital markets guys at a homebuilder. I'm pretty desperate to get out of this gig for multiple reasons. The firm has had a ridiculously strong 12 months but is still overall a piss-poor performer (I'm talking corporate bonds that are rated cc) and frankly...it shows in the quality of the
19 Mar 2021
I am writing to gain more insight on the exit opportunities and compensation of working at JLL vs Walker and Dunlop. As well as a comparison between Investment Sales and Capital Markets. The market and deal flow for both offers seems to be Top Notch. What do you think is a better option in terms of compensation and exit opportunities?
24 Feb 2021
What's up everyone, first time post here. So to summarize, I currently work at a large real estate firm and work as an analyst in their multifamily department. My job mainly entails managing a large portfolio of mortgage loans and monitoring/reporting their operating statistics, as well as analyzing their cash flows, balance sheets, etc. Some site inspections and I may be getting the life co. loans in my portfolio pretty soon. But overall, pretty basic work once you get the hang of it. This is my first job out of UG and I took it because of the company's size and resources. I want to continue
09 Jul 2018
Hi all. Just wondered if anyone has applied to this program? It looks like a very exciting opportunity to enter the IB space for people new to finance or those early into their career in finance and for underrepresented minorities. I went through the info session for the program yesterday, and am sold on it being a great way to accelerate my career. I have six years in the finance industry(primarily customer service) and am a minority applicant. Has anyone else applied? Or if you've gone through another one of Morgan Stanley's Experienced Professionals Programs, how was that process?
24 Mar 2021
Wanted to get a current grasp of NKF's reputation these days considering they 100% spun off from BGC Partners and went public late 2018. How are they regarded in terms of the full service brokerages (CBRE/JLL/CW)? Could you still consider them one of the top 5 CRE firms? More specifically, looking for any insight into their NYC Capital Markets teams and their reputation in that realm. The team I am looking into is very active nationally and globally, and has quite the deal sheet, so would you think getting analyst experience here would be worth it? I feel like you can't go wrong anywhere where
15 Mar 2019
Working in a role within Capital Markets Division this summer and was wondering if banks will offer remote access to Bloomberg? At the moment trying to brush up on my Bloomberg knowledge and shortcuts, but I guess it might not be worth it if you can't access it.
10 May 2020
Hello all, I'm curious about what Real Estate "Investment Banking" might be all about. I use quotations because I do not know if this is actual investment banking. I work at one of the 3 brokerage houses as a MF capital markets analyst and I see that our firm has a REIB division and the job postings have me interested, but can anyone shed some light on what a Real Estate "Investment Banking" analyst would do at a CBRE/JLL shop? Our company has acquired a lot of smaller companies throughout the years to grow our overall service line, but is this true M&A? Are they really taking companies public
07 May 2018
Updated 2/7/2012: All BB offers are out so which bank will u join next summer? ill keep the posted updated. GS: MS: JPM: Papagogo, DB: rossgs210, CS: Citi: UBS: BAML: BarCap: algorhythm,
10 Nov 2011
Hello everyone, I will study abroad during my senior fall. I don't want to miss the fall recruitment for full-time positions. Do companies offer virtual superdays for students who are studying abroad? Or will the opportunities be very limited? Did anyone have this experience in the past? I saw a 2009 post talking about GS had separate virtual superdays for students studying abroad. Just wondering. Thanks!
03 Jun 2021
I am currently an underwriter for a regional bank who is a driver of CRE in the region. I make around 65k. I could be a lender in 1 year and make 80-100k. I am being poached by CBRE - a multifamily IS group - to be an analyst. They keep telling me the first couple of years will be rough but will guarantee that I make 70k the first two years. I am not sure which path to go. I want to make more money - I know that my bank is safer but the potential at CBRE is untouched. I have been wanting to get into acquisitions on the buy side but have been having a very tough time. Any advice on where the
25 Sep 2020
I am a senior who is currently looking for FT jobs. Aside from being at a non-target, I am also a math major so people at my school and in my department really don't understand the finance recruiting process. Since I commute, all of my classes are on M/W, and I happen to have two interviews/superdays coming up where I need to miss class and midterms. My professors are pissed about this. I have also had a few other interviews in the past month and have reviewed zeros on homework/quizzes. My grades are not looking too hot rn. What do I do?
23 Sep 2019
Hi all, Anybody out there have some insight into the different groups for Citi Capital Markets Origination? I've read on this site and other about LevFin and DCM/ECM being better options in terms of breadth of knowledge and exit opps, but honestly can't find more detailed info than that. Someone I spoke to recently mentioned some groups are more modeling intensive than others - seems odd given that everything else I've heard indicates that CMO in general doesn't do much modeling, if any. Wondering if anyone has some more insight here - do any groups model in CMO? What are some high level
07 May 2019
Hi all, What are the exit opps for someone in the Capital Markets team of a FinTech company/lender (think: Upgrade, Stripe, Better, Prosper, LendingClub, etc)? Would you consider this a desirable place to be? Thoughts / opinions appreciated.
20 Dec 2020
At a private equity style Commercial Real Estate debt fund. Business: CRE bridge lending and CMBS B piece investment. As a Capital Markets (Quantitative) Analyst, I do modeling to study fund level (both bridge lending and CMBS B piece investment) returns, various forms financing (CLO, Repo, CLO, PE and special financing), individual investment pricing/return/sensitivity analysis, stress/loss test, and various ad hoc analysis. 90% of my time is on Excel modeling. Tools used: Excel 100%, and 5-10% Trepp for CMBS cash flows. AUM: ~ $3 - $4 Bn. Private firm, compare to other firms in the same
29 Oct 2018
Hello everyone! Hope everyone is doing well. I recently received an invitation to interview Freddie Mac's capital markets analyst, but don't have a lot of information on the general process/difficulty of it. Can anyone provide insights on the interview process with Freddie Mac? Or the capital markets team in general? Thank you very much.
12 Aug 2020
I really have been looking for an analyst position underwriting deals in the industrial sector for my market however have not had any luck. I am looking for a high velocity shop so I can basically underwrite a large amount of deals and transactions and learn the market front to back. A capital markets analyst job has popped up and I am not really sure what that entails? Any help? Could this be something that can help me achieve my goals? Thanks.
08 Sep 2020
Hi, I'm a student at a target that's been networking with some guys in BAML's Capital Market division, specifically in their Global Rates and Currencies in NYC. Would this technically be considered an investment banking summer analyst role? What are the advantages/disadvantages of this group for more traditional IB roles?
02 Feb 2018
Hi all, I am a senior in college and I graduate in May. I am thinking of starting a position this summer at a few different reputable prop trading shop in New York. Does anyone recommend any books/research/articles/advice to read and prepare for before I start that have been in the prop trading career?
22 Mar 2018
A company I am building a model for has a .5% annual commitment fee on the unused portion of a $700mm revolving credit facility. The maximum letter of credit capacity is $50mm. Assuming the company has an outstanding balance of 0 on the revolver, would the quarterly commitment fee be = to (.005(700-50))/4 due to the $50mm LOC capacity, or would it just be (.005(700))/4? Thanks.
29 Nov 2020
I've got a few phone calls lined up with some guys in Capital market groups at some top brokerages. I'm trying really hard to land to couple interviews and so I definitely want to come off sounding as intelligent as possible. What might be some good questions to ask about their jobs? Similarly, I have a phone call scheduled for a principal at a boutique development firm. I know less about development but am still pretty interested. Could use advice on good questions to ask here as well. Finally, I am also working my ass off to at least try and get an interview at a REPE firm. These guys are a
17 Feb 2018
Hey, Monkeys!! In as much as I enjoy reading posts about S&T in other countries, I'm very interested in hearing from my fellow Canada bros. 1. Tell me about your recruiting experiences, Summer experiences, Rotational programs and even shed some light on the compensation structure in Canada. 2. Industry trends and any changes within the Canadian S&T 3. Which trading desks are most the prestigious, hard to disrupt (automate) and provide the highest learning opportunities. Lets go!
08 Sep 2019
I am a Secondary Marketing Analyst at a mortgage lender. My responsibilities include pricing loans, establishing and maintaining lines of credit, locking interest rates, reporting on our profitability and competition, and trading MBS on the secondary market. What kinds of exit opportunities are there, both inside and outside of the mortgage industry?
02 Jan 2021
Burner account here... I've been working within Corporate Finance for a BB for ~2 years. It's been a good experience but it's time I go after what I really want and move to the Front Office. Long-term, I want to work in Lev Fin / DCM / MM Credit. I'm infatuated with credit/debt and I'm looking for a role that will throw me to the fire so I can learn a lot about both credit/modeling. Coming from Corp Fin limits my exit opps but I'm gunning for a boutique IB, Commercial Credit, or a smaller Credit Lending shop - if all else fails, I will be pursuing the Top 20 MBA route. What is a good/feasible
26 Sep 2018
I have an interview coming up with an Investment bank as a PCM analyst does anyone have any advice on where to look, or what to brush up on for such an interview? I graduated in 2019 and have worked as a capital markets analyst at a small equipment lending firm but have no idea what to expect going into an interview with a large bank. Any advice is greatly appreciated.
01 Dec 2020
I go to a target where everyone and their little sister wants to go finance, and an interesting trend I've noticed is that people that I know are interested in finance frequently cite their reason to go pursue investment banking over trading because it creates "societal value", or something along those lines by helping companies access capital to grow and whatnot. This opposed to trading, which they view as much less valuable - market making and providing liquidity isn't apparently as societally important as being one of Facebook's 100 syndicated underwriters. Obviously, when it comes to
05 May 2012
I had one interview with a very large European BB that did not offer to reimburse me for millage, approx 250, to a DCM interview. Now I have another firm, a top 3 BB, that will not reimburse for flights to a BO interview.
12 Dec 2013
So I just had a phone interview with a major bank for a Capital Markets Analyst position. Was supposed to last 30 minutes, lasted only 15. Interviewer just asked a few questions, why this position, why this bank, what do you know about it. Then I asked a couple of questions. Unfortunately I feel like the fact that it only lasted 15 minutes meant I definitely got dinged. Anyone else have a similar experience? I studied my balls off for it too lol
17 Oct 2011
As the title suggests, these are two options that I am currently considering. The Capital Markets group primarily syndicates loans for LevFin, and the boutique M&A shop,well, does M&A. In terms of exit ops, which group would line me up best for growth equity or private equity? I am aware that it would be an uphill battle either way. Any other factors to consider?
28 Sep 2020
What's Up People, I recently landed a first round for a FT ECM analyst role at a BB. I have just graduated from college and the offer I had taken upon graduation was retracted due to COVID, so through heavy networking and a long waiting process, I finally landed this interview and want nothing more than to crush it. I've prepared for IB interviews before, I even had a DCM super day, so I have a good grasp of accounting/behavioral/traditional valuation questions, but is there anything else I can set my sights on? Market trends, indices and opinions on both are all good, but stock pitch, pricing
15 Sep 2020
Anyone know anything about capital markets in a government RE company/bank like Freddie Mac/Fannie Mae/Federal home loan banks? What is it like and what are the exit opps?
01 Apr 2021
Obviously a hot topic on WSO has been all of the banking posts we've seen where people basically emphasize their hatred toward the profession or state that it's not for them in some way. This often has to do with the work involved, the hours, and the feeling that one isn't really learning much.
11 May 2012
So I will be interning at Nomura in Capital Markets and will be rotating through both fixed income and equities and working on a specific desk within each. While they do not guarantee placement of groups or desks, they do take into consideration your preferences. So my question is, what are the best desks and groups within Nomura? Thanks!!
13 Apr 2011
I'm curious what everyone thinks would be a better starting point in RE: CMBS at a BB (GS, BAML, JPM) or Capital Markets at a brokerage (HFF, Eastdil, JLL)? I know both are excellent opportunities but I was wondering if someone could compare and contrast these 2 in terms of long-term potential. Thanks
09 Feb 2015
Hey Everyone, I'm interested in doing a semester abroad for my final year in Australia. A list of partner schools with my uni are: 1) University of Melbourne 2) UNSW 3) University of Sydney 4) University of Queensland For all of the Australians out there, which school(s) would you recommend looking into? I'm particularly interested in UNSW and UofSyd. Any thoughts or things to consider? (FYI: Canadian, interested in banking/capital markets overall, would like to get some exposure to the country and am genuinely interested in travelling/experiencing life out there)
23 Mar 2015
How does the black car/cab expense work if you're in DCM or Rates/Currencies origination? I know that during good weeks the hours can be ~60 but when you stay past 9 or so, do CM analysts get to use the cab expenses/black cars that IBD divisions do? Also, how does dinner work when you're staying late in CM? Is your dinner expensed as it is in IBD? Do you take time to eat dinner at all or do you just wait until you're done working and get it on the way home?
10 Apr 2012
Was wondering if anyone knows about/has any experience with Credit Suisse's "Capital Markets and Advisory" group? The description notes that its part of the Transaction Execution Group but specifies that proficiency in modeling and credit agreements is necessary and from my understanding Transaction Execution teams are basically totally separate jobs - so i guess im a little confused about what my interview will be for. Would love some perspective if anyone can offer any. Thanks!
08 Mar 2021
Hey all, So I've been reading many of the forums (the current ones at least) about Key and PwC Advisory.I have an offer form both: KeyBanc in their Capital Markets Rotation, and PwC Advisory in their Financial Services sector. I understand that the roles are completely different (IB vs. Consulting), which I know is a different argument in itself. However, my main concern/question is how you think both companies are viewed in terms of MBA placement and Exit opps. I'm not quite sure where Ky falls in terms of reputation. I've heard its a solid MM, but also others saying that there reps int that great. Whereas I know PwC is a well establish firm with decent, if onto great prestige ( I don't know about their Consulting practice, but with Diamond an PRTM, Im sure it has great upside).
14 Mar 2012
I recently received full time analyst offers from both credit risk and DCM at a BB (think GS/MS). I am not sure which is the best option for me if my long run goals are to go into industry coverage IBD or manage a corporation. Credit risk will give me solid training in corporate financial analysis. Decent pay with a good work-life balance. No modeling skills, very little client facing (aside from DD calls/meetings). Middle office position in bank isn't as highly regarded on the Street.
27 Aug 2012
Hi All, I currently work as an Associate in S&T Capital Markets covering Fixed Income Institutional clients on the sales side. Over the years I have gained a strong appreciation for real estate (through a little bit of capital market txn and personal endeavors). Is there any possibility to move into real estate acquisition style roles with my experience? Should I think about pursuing a graduate degree to bridge that gap or would a real estate modeling course work as well (Urban Lands or REFM)? Experience: 2-3yr: middle off debt capital markets 3yrs: CDO/CLO modeling (1 major RE txn) 3yr
05 Aug 2019
Hi guys (and gals), I ve managed to get a switch from corporate banking to bulge bracket bank (EU) DCM origination team (which I am very happy about). Would anybody have any suggestions on: 1. Any literature which would help me get started? (I was already working on one origination transaction on corp side, got overall knowledge of macro and bonds, the usual...) but smth industry specific would help as I am coming into very senior team... 2. I have a BC. in banking/finance and am nearly done with my MSc in Finance. Any suggestions what steps should be next that would help me work my way up the
31 Jan 2016
Hey guys, I have been lurking on here for a while, and this is my first post. I have two internship offers this fall ( couldn't find anything spectacular). There both at BB in PWM. I really can't decide which one would be more beneficial or rewarding, and was hoping to get some input. The first internship would be me working under management. The financial advisers essentially would be our clients. I was told I would be putting on events, and would help scheduling conferences. I am not 100% sure what this would entail. The second internship would be working with a team of financial advisers, helping with powerpoints, some excel work, and word. No cold calling. The prospects would essentially be our clients.
16 Aug 2011
Hi all, I had some questions about Moelis' Capital Markets capabilities. I know that they don't have a balance sheet so they don't actually have any debt or equity offerings but they do offer advisory for capital raises. I wanted to see how that process works in an EB like Moelis. Also, would like to know how an Analyst and Summer Intern really gets involved in that process. I know that with their NYC and LA offices they say that both roles are M&A and RX specific. Does that mean that they don't actually work on mandates outside of that? (i.e. equity and debt offerings) Looking forward to
09 Jun 2019
November 6, 2011: It has been almost 4 years since the United States and the entire Western World has been mired in this recessionary state. What has happened should not be a surprise to anyone. After scrambling for an ever higher quality of life, sending labor-intensive industries overseas, and losing more than 2.5 million manufacturing jobs and more than 850,000 professional service and information sector jobs to outsourcing, we foolishly blame our government and the top 1% of our earning population for our hardships. Most Americans lack the skills and motivation to innovate, and are fit to
06 Nov 2011
Although most people here are client-facing, I'd like to know your opinions on which MO groups will tend to have better exposure to financial tasks that will best light up my resume for exit opportunities toward client-facing roles? To be more specific, I may have 3 potential offers: 1) a Deals Team Specialist role supporting credit financings and structuring, 2) a Trade Support Analyst role supporting interest rate and currency swap transactions, and 3) a Trade Support Analyst role supporting the Fixed Income, Mortgage trading. Any suggestions will be much appreciated!
02 Feb 2021
Hey Monkeys :) I am from Europe and I am searching for a full-time analyst position within the Global Capital Markets departments. But there is also the problem. As I was looking through the big ones (a JP, MS, GS, etc) - of course I identified that they have some positions within the capital markets. But to be honest, I don't know if I am the one they are looking for and if my profile is competitive enough. So I expanded my search onto smaller banks (like RBS, RBC, Jefferies). They still have some capital markets jobs outstanding but I could clearly identify that their focus is often on the investment banking - M&A department...a sector I am not interested in.
05 Sep 2012
I've been doing a lot of research online and on the boards, but I can't seem to figure out the difference between S&T and working in the Capital Markets department of a firm. I know you work on trading desks for both.Can someone please explain the difference? Capital Markets Group Please see below for a description of the function of a capital markets groups from Investment Banking vs. Capital Markets - How Different are they?
02 Jul 2009