CB Real Estate Banking Associate-JP Morgan
What exactly is a CB Real Estate Banking associate at JP Morgan? Is anybody here familiar with this role? Do you work with originators or underwriters? Or do you do a little bit of everything? Since there is no Argus mentioned , I am guessing this is not the institutitonal group that does floating rate balance sheet lending for all product types? Is this for their multifamily group? Appreciate any color please, thank you! https://jpmc.fa.oraclecloud.com/hcmUI/CandidateEx…
bump
the JD reads like a standard banker role in the real estate group. You are mainly getting clients for bank, managing the relationship (i.e. sales). Not sure what the size boundary for Commercial Banking clients/deals are, but that is your "box". This is "plain vanilla banking", I'd guess CB is pretty large borrowers/relationships from context, but not sure.
You'd have about 10-15 clients that you keep tabs on for any CRE debt, and also cross sell and make sure if they could utilize other JPM products. The credit team will be the one doing the full UW and putting the memos together. Very much a relationship management type roll. Since its developers/operators with an existing relationship with JPM they clients tend to be bigger players in the CRE space, so potential to jump ship to them in a capita markets type role down the line.
Really appreciate the color, thank you so much. So would you say you are closer to production/origination (though not quite as this is an associate role) than any other team here? Any if you scroll down the job description, there is a blurb about commercial banking and then it says "The Commercial Real Estate (CRE) group is the nation’s leading multifamily lender, leveraging its industry knowledge to offer best-in-class and cost-effective financing solutions across all major real estate asset classes with speed, ease and certainty of execution. Teams work with national and regional clients across the sector, including developers, investors, owners, operating companies, investment funds, real estate investment trusts and non-profits".
This made me think I will work mostly on multifamily loans (they did not list proficiency in Argus as a requirement as well) but do you think I will work on all product types provided the clients I cover need that?
Yes, you are the client facing group generating business so its more akin to a production role at other shops. Very unlikely you would be providing coverage on all multifamily clients so you would be so expect a mix of property types. If building heavy argus or uw skills this would not be the role to seek.
Any idea on range of pay for this role? Where do you go from here after a couple of years at this role?
People seem to stay at relationship management roles for a long time. You are there to keep the client happy as long as you steadily bring in business. Pay is normally a little higher than in underwriting roles because you are the face of the bank to your clients.
Also interested in pay ranges for these "client associate" roles at JP. Seem like very junior level type banker in a support role assisting producers. Is becoming the originator the only end goal here? Not sure you develop the underwriting skillset that will allow you to transition to the credit side of things.
I work in a very similar role at another commercial bank ($70Bn in size). 4 years experience: $92k + $35k bonus.
Do you think that's market given your experience or are you under paid?
Bump, any insights on pay here? Thank you!
Bump- any insights on pay here? Thank you.
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