Help Deciding on Job Offers
嘿大家。需要一些建议您要担任哪个位置。我担心哪个提供更好的退出OPP，增长等。
I have 2 job offers outstanding and having trouble deciding. Maybe this is a no-brainer. I am a new graduate, btw.
Job 1: Debt underwriting for affordable housing在BB
工资为$ 80-85K。位于我不喜欢的南部城市（想想亚特兰大，圣路易斯，纳什维尔，查尔斯顿）
What I like: Pay. It is at aBB, and I think has good growth opportunities (?).
我不喜欢的地方：位置。办公室在郊区中间。负担得起的住房重点（担心它会限制我的OPP或增长）。
作业2：CMBS分析师的三大信用评级机构之一
- 工资为$ 65K。位于芝加哥市中心（我更喜欢）。
我喜欢的是：工作场所文化，与许多不同的RE玩家的联系，接触所有资产课程
What I do not like: Much lower pay than Job 1, especially when you take locations into account. I believe there is limited growth in a credit rating agency, too. Seems like you move up to Senior Analyst and hit a ceiling for a while.
老实说，我只是担心我会错过在大城市中存在的机会纽约and Chicago, and I'll be isolated out in this smaller southern city, focusing on a very niche sector of real estate (affordable housing). If that is the case, then I want to know what my exit opportunities are, or jobs I could focus on within myBB要让我离开南方并参加了更多的资产类别。有人告诉我我会在BBwithin 1 to 1.5 years, which I think would be pretty impressive vs. just assigning ratings to loans.
我真的不确定我的目标是什么。可能是CMBS贷款，因为我会喜欢所有资产类别的曝光和旅行。我认为，如果我了解负担得起的住房和整个LIHTC流程，那么我就可以证明我有能力处理CMBS贷款！
对CMBS贷款增长和薪酬范围的任何见解将不胜感激。感谢大家。
Comments (16）
It's your first job. The learning experience is more geared on how to actually act in an office than the real estate you're learning. While the pay is lower at the credit rating agency, you can always move in a year. I do totally understand the difference is large (especially at 22). If you think you'll prefer Chicago and the culture at the firm in Chicago, go there (assuming you're able to live off you're lower salary). In the end, success will come more from being happy about location and day to day job than pay (unless you cannot live off the pay you are making). Within one year, maybe even less, you can jump to a cmbs firm making much more money. It'll be a great training ground.
on point, agree with @pudding. Comp should be the least prioritized when out of school. Go where you see a strong cultural fit + reps/experience -- you'll flourish.
是的，这是我的关心。在繁华的城市工作比在郊区的一个小办公室工作更具动力。
However, I figure I am still young. I can go to Job 1 with the intention of transferring to a city like Chicago after a year or two. Use the small office in the burbs as motivation to work harder to attain a good position in a bigger city. I'll still be a young guy very early in his career, but with some great experience and probably some good money saved up!
Gotta admit, though. I really was hoping to graduate and move right to a city!
Thank you very much for this advice!
我要在这里扮演魔鬼的拥护者。在信用评级机构打击方面工作的地点和位置。
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在评级机构中，哪些薪水并不高，您将学习一种非常研究的分析方法，这些方法将非常适合您多年来。1 - 2年后，您可以在评级机构中跳到许多不同类型的角色。我认识许多从评级机构开始的人，并扮演着重要角色。
没有说你不能。更多地说，这项工作并不是最有趣的。
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在这两种情况下，薪酬差异都将被最小化，因为听起来您打算从任何一份工作中快速离开。
当您甚至整整一年都没有工作时，您会比较全年的数字。此外，考虑到负担得起的工作时，请考虑移动城市的成本。实际上，我花了8000美元从东海岸转移到西海岸。因此，税前的税额约为$ 12- $ 15K。
So just reiterating what everyone else is saying. Do the job that sets you up best for your future. If you're really interested in Multifamily, affordable job could be good. I'm guessing this is Citi because they crush the affordable game.
如果您对商业 / CMB / CMB /债务基金更感兴趣，则评级机构可能就是这样
BB在Charleston, SC sounds nice. Big name on your resume in your early career ALWAYS help later on.
这些优惠位于完全不同的位置。您正在比较南方（如上所述的郊区，所以不喜欢夏洛特市中心）与您提到的芝加哥。
从纯粹的工作立场上，我会选择BB。Affordable Housing is a mess to work in but it's valuable experience especially if you have plans to do Development down the road. Rating agencies are not that exciting either, not at all, but I have seen some exit to decent roles like a debt fund.
So my first job out of college was working at a Big 3 CRA on the CMBS team, think same one as your offer judging by the comp and now I work on theCRE贷方BB。
简短的答案是BBIMO。在评级机构工作很糟糕，comp糟，奖金是垃圾，小时很艰难，因为它们的人员短。您只是齿轮中的一台机器，这就是我的感受。在那里真的没有学到任何东西。
Whereas working at theBB会给你更好的经验和一个大的名字吗your resume making it easier to lateral to another bank in a big city. Plus being an UW is a strong foundation to have in your career since you'll probably get to use Argus and other industry standards tolls. Don't worry too much about only doingMF, you can always jump to another shop where you'll get to work with more asset classes. But ultimately the fundamentals of UW stay the same.
Thanks! I PM'd you
option A sounds like Citi in Nashville ;)
尽管我曾经有过一次，但我发现二级和三级市场与大型市场一样成熟，尤其是现在的互联网。在这些大城市之一中生活的缺点是，您将拥有更高的费用，更高的税收和更多的竞争。另外，芝加哥的薪水似乎也较低，甚至没有意义。在芝加哥，在芝加哥，在芝加哥的生活费用大约为15万，而外部投资的资本将剩下更多，就像我说的那样，有很多机会，许多机会很遥远。
总是有最低限度的金钱 - 在上面，一切都“舒适”。如果您认为这两个工作都提供了最低限度及以后的工作，那就去那个工作，那就是您觉得自己会拥有更好的社交生活和对这个地方的热爱。这样，在狗屎变得非常认真之前，您不仅可以享受一些乐趣 - 而且还可以训练在其他领域的潜在未来工作。归根结底，不要对此进行太多的思考，如果我说实话，在这种情况下翻转硬币会给您带来聪明的结果，就像对此非常努力的思考一样 - 以这种方式生活在这种情况下。
就个人而言，我会在BB。Those are just great first jobs in the industry and have all sorts of cool career paths.
Any job, let alone CMBS analyst, at a rating agency seems boring as fuck to me (personal opinion of course, YMMV). You are likely to be VERY firewalled, as most of the rating agency must be to be objective (nice of way of saying a lot of limits on who talks to who, how info is shared, etc.).
In all fairness, both sound like fine first jobs, so congrats on the offers. My above take is strictly personal, you have to use best judgement on what will make you most successful long-term. If being in Chicago is important, then I can see taking the job for that reason, it will legit be easier to move around other roles in Chicago at a younger stage if you are there vs. being in secondary/tertiary market (far from impossible, especially if internal transfer within theBB可能是您不应该依靠但可能发生的事情）。
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