Looking to move from banking side (credit) to the equity side (likely with a company not on my own). Any advice?
I’ve been in banking 10+ years almost exclusively in the underwriting and portfolio management of CRE loans. I very much want to make the move to the equity side but having trouble breaking in despite significant networking. Any advice on getting interviews, what roles I should be looking at and/or sage life lessons is welcome.
[{"id": "f6j4bjn", "text": "It is hard. For some reason there is a real bias against long term bankers out there. I was a ten year banker too - various roles with various banks. Last I was an RM for a regional bank and wanted to get into development/finance, or just out of banking in general. Took many applications and interviews before I finally got an offer. Keep at it!", "replies": [{"id": "f6j9gxb", "text": "Thanks. Will do!", "replies": [], "depth": 2}], "depth": 1}, {"id": "f6jbkfa", "text": "Feel free to PM me. I work for capital markets group and my primary role is as an equity producer.", "replies": [{"id": "f6kisww", "text": "What\u2019s an equity producer do?", "replies": [{"id": "f6kk3fg", "text": "Essentially the same thing as a mortgage banker is for debt, but I source equity instead.", "replies": [{"id": "f6mtvel", "text": "That\u2019s interesting. Never heard it described that way. \n\nMy experience is sourcing equity for my own development projects. \n\nWhat\u2019s your typical project?", "replies": [{"id": "f6neyyg", "text": "Very wide variety. I am doing a $1.5mm equity raise for a ground up multifamily deal in Chicago, a programmatic equity raise for single family home rentals in Phoenix, and a $100mm equity raise for a office mixed use project. \n\nFeel free to shoot me a PM with your contact info if you want to talk in more detail.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}]