Question for Capital Markets Professionals
I'm currently interning in capital markets at a very solid firm. I'm trying to decide whether or not I should pursue debt brokerage vs. going into retail or office sales etc. Curious to hear what the experience has been like for those in full time roles -  I know I want to continue in capital markets but am not sure which avenue to pursue. If anyone could share their experience I would really appreciate it.
[{"id": "euqat6y", "text": "Debt intern here too. Maybe we are spoiled because rates are so low, but debt seems 100x better than investment sales brokerage.", "replies": [{"id": "euqzwz1", "text": "The only thing that I'm hesitant on with debt is the firm I'm with recently merged with a big capital markets group so there would be more internal competition", "replies": [{"id": "eurf7cb", "text": "There\u2019s going to be competition at every CRE firm. My opinion is that it\u2019s best to start at a mid sized firm to build your network. After that you can enter a larger firms debt team and be ahead. From what I\u2019ve heard, starting out in a big firm debt team is worse than being in a class of 50 freshman tenant reps. Competition is key", "replies": [], "depth": 3}, {"id": "eurgplz", "text": "That's going to make you shine brighter bro.  Be friendly and chill, and that'll get you through anything.  Don't even think about the competition, it's not worth your energy.  I'll DM you and hopefully help you keep a positive outlook.", "replies": [], "depth": 3}], "depth": 2}, {"id": "eurlml8", "text": "Analyst on a sales team for a top tier firm here. You don\u2019t pick debt over sales bc of where the interest rate market is right now, that\u2019s ridiculous. Market is always changing. OP just pick whichever group you think you\u2019ll enjoy more. I hear from my buddies on the debt side that it gets a little dry and boring, but that\u2019s personal taste obviously. Sales is fun because you get to track regional migration of capital, international investment trends, hear different groups\u2019 investment/business plans, etc.", "replies": [{"id": "euryl1x", "text": "Our debt team is relatively small numbers wise so I thought it might be the best learning opportunity. Our industrial guys are crushing it right now as well but I assume that asset class will eventually cool off", "replies": [], "depth": 3}, {"id": "euspgsk", "text": "Didn\u2019t say choose it because of rates. As a debt broker now, there\u2019s probably more business than when rates are high, which could skew your opinion on it. Don\u2019t expect debt to be this hot every year from now on. That\u2019s what I meant", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "eur1ej1", "text": "While liquidity is abundant, I would choose debt. It's always easy to get into sales IMO. Assuming you work for one of the 3 letter'd firms that just merged, they're a good shop.", "replies": [{"id": "eur2ktz", "text": "Yep I am at the one that did the acquiring haha. Thanks for your input! Think I am definitely leaning toward debt", "replies": [], "depth": 2}], "depth": 1}, {"id": "eurmvhl", "text": "PM me if you have any specific questions. Work in CMBS originations. I have always been on the debt side.", "replies": [], "depth": 1}]