I got an offer as a credit analyst. I was wondering if anyone can share their experience or has any inside knowledge on the CRE team? I heard there were org changes, due to under performance. Is there good career mobility to move upward or to work in other parts of the bank?
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"@ 2j1+1js54wk3j
You need help."
No, I need curry, tons of it. Let if FLOW!
@ 2j1+1js54wk3j
You need help.
Former CRE credit analyst, if you are working direct sales role credit analyst/RM role its decent experience from understanding underwriting to debt structuring for the institutional real estate players. Good insight into understanding big real estate portfolios But would suggest just learn as much as you can in two years and find something better in the space. Leadership is lacking. Don’t expect any major promotions ie CA to RM, CA to portfolio managers unless you are willing to spend 4-5 years. Business is slow to change with the times, the major players are finding other options for debt. For the other groups in CRE, loan admin, PM and project analysts. I can only say this, there’s been a lot of org changes ie layoffs, due to gunjans dislike for CRE and the group itself not have revenue growth in the last few years. Treasury Payment and solutions is the only group in CRE that gets any type of favoritism.
Former USB CRE employee here. It depends on your current situation to determine if this is a good career move or not. If you don't currently have a job, then take it but continue looking for a better job. If you are just now graduating from college then take the job but don't stay more than a year or two.
The org changes due to under performance refers to the under performance of the CRE industry.
USB is a dumpster fire. Consider it a "port in a storm" job, but don't swallow the "opportunity" line of BS that they will feed you.
CRE hires a new cohort of credit analysts every year to replace the turnover loss and to keep the salaries low.
Good luck to you.
Not with CRE, but career development at U.S. Bank is a farce.
Also the new CEO just stated that she is not happy with the stock performance and will be looking to optimize headcount. Not a great leading indicator for any area of the bank.