Georgetown MPS Real Estate
(Chimp, 10
Points)
on 6/21/12 at 6:59am
Hi guys,
Just wondering if anybody has any thoughts on this masters? I'm currently London-based, working mainly as an energy journalist (though I also do some quant work and analysis) but am hoping to break into RE I-banking or possibly REIT work. I'd be moving to the DC office, staying in my current job, and doing this part-time over 2 years in the evening. Undergrad is from Cambridge, History and Management. I'm 25.
Do you think the course would serve as a good conversion platform? Any other thoughts at all?
Cheers,





Makes sense to me. The
Makes sense to me. The full-time programs at Cornell and Columbia are designed for people with 3-6 years of experience in Real Estate, so part time seems like a good option.
Is your move based solely on your current job, or are you doing it to enrol in the Real Estate program?
Working for a REIT would be a
Working for a REIT would be a possibility. I don't see traditional IBs with RE groups recruiting from MSRE programs.
It'd be a good idea if you can see the type of placement the program has, as well as what, if any, career resource services the program offers. My hunch is that if it's a part-time program, you're really using the knowledge, credential and network that you gain from the program more than you are any sort of on-campus recruiting type stuff.
Thanks for the input guys.
Thanks for the input guys. I'd be doing it chiefly to enrol in the RE program (it does look very appealing to me on paper at least) but also because the type of work I'd be doing in the DC office would be much more pleasant. It might also just be me, but there seems to be quite a dearth of good RE programs and jobs here in London. I haven't actually been able to delve fully into the careers aspect of the program as yet; it seems rather new. To be honest, I'm more interested in REIT type stuff than traditional IB. Does anybody have any ideas on admissions/competitiveness of the program at all?
Thanks again,
I saw this posted elsewhere
I saw this posted elsewhere and thought it was a good reference for real estate graduate programs in general:
http://www.astudentoftherealestategame.com/graduat...
There are a couple of reviews of Georgetown's program. You may be able to contact the reviewers directly for their take.
Good luck.
If you want to go into
If you want to go into investment banking, you should get an MBA and target entrance as an associate.
unless you are in the MBA it
unless you are in the MBA it is not the same as the grad program that is highly ranked. the Georgetown program just started a few years ago and while good, I WOULD NOT suggest it to career switchers..if you are in the industry...its good for advancement, if not...get a MBA
unless you are in the MBA it
unless you are in the MBA it is not the same as the grad program that is highly ranked. the Georgetown program just started a few years ago and while good, I WOULD NOT suggest it to career switchers..if you are in the industry...its good for advancement, if not...get a MBA
StyleT: unless you are in the
unless you are in the MBA it is not the same as the grad program that is highly ranked. the Georgetown program just started a few years ago and while good, I WOULD NOT suggest it to career switchers..if you are in the industry...its good for advancement, if not...get a MBA
This is what I was wondering about. I'm not sure I'm ready to load up on the mortgage-like debt required for an MBA, and to go back to living like an impoverished student again on about 18k a year while I'm doing it. So you don't think it's realistic to use the MPS RE as a means to break into REIT or research/strategy type work...?
Cheers,
jt360: StyleT: unless you
unless you are in the MBA it is not the same as the grad program that is highly ranked. the Georgetown program just started a few years ago and while good, I WOULD NOT suggest it to career switchers..if you are in the industry...its good for advancement, if not...get a MBA
This is what I was wondering about. I'm not sure I'm ready to load up on the mortgage-like debt required for an MBA, and to go back to living like an impoverished student again on about 18k a year while I'm doing it. So you don't think it's realistic to use the MPS RE as a means to break into REIT or research/strategy type work...?
Cheers,
No, trust me, not worth it. You can become a broker or work for a broker team...but REIT, no. Research, yes, but real estate research does not pay well (trust me on that). Honestly most jobs do not pay well in real estate unless you are working for the top REITs or I-Banks; unless you want to sell/lease and can be productive..that is one of the reasons I will probably leave the industry.
StyleT: jt360: StyleT: un
unless you are in the MBA it is not the same as the grad program that is highly ranked. the Georgetown program just started a few years ago and while good, I WOULD NOT suggest it to career switchers..if you are in the industry...its good for advancement, if not...get a MBA
This is what I was wondering about. I'm not sure I'm ready to load up on the mortgage-like debt required for an MBA, and to go back to living like an impoverished student again on about 18k a year while I'm doing it. So you don't think it's realistic to use the MPS RE as a means to break into REIT or research/strategy type work...?
Cheers,
No, trust me, not worth it. You can become a broker or work for a broker team...but REIT, no. Research, yes, but real estate research does not pay well (trust me on that). Honestly most jobs do not pay well in real estate unless you are working for the top REITs or I-Banks; unless you want to sell/lease and can be productive..that is one of the reasons I will probably leave the industry.
Interesting, thanks for the input. Out of curiosity, why don't you think one could work in a REIT with that MS (I'm not interested in i-banking, having thought about it)? Surely Georgetown is a pretty good brand name...? There's a lot of technical modelling/analysis type stuff involved as well. Any thoughts?
StyleT: jt360: StyleT: un
unless you are in the MBA it is not the same as the grad program that is highly ranked. the Georgetown program just started a few years ago and while good, I WOULD NOT suggest it to career switchers..if you are in the industry...its good for advancement, if not...get a MBA
This is what I was wondering about. I'm not sure I'm ready to load up on the mortgage-like debt required for an MBA, and to go back to living like an impoverished student again on about 18k a year while I'm doing it. So you don't think it's realistic to use the MPS RE as a means to break into REIT or research/strategy type work...?
Cheers,
No, trust me, not worth it. You can become a broker or work for a broker team...but REIT, no. Research, yes, but real estate research does not pay well (trust me on that). Honestly most jobs do not pay well in real estate unless you are working for the top REITs or I-Banks; unless you want to sell/lease and can be productive..that is one of the reasons I will probably leave the industry.
Interesting, thanks for the input. Out of curiosity, why don't you think one could work in a REIT with that MS (I'm not interested in i-banking, having thought about it)? Surely Georgetown is a pretty good brand name...? There's a lot of technical modelling/analysis type stuff involved as well. Any thoughts?
jt360: StyleT: jt360: S
unless you are in the MBA it is not the same as the grad program that is highly ranked. the Georgetown program just started a few years ago and while good, I WOULD NOT suggest it to career switchers..if you are in the industry...its good for advancement, if not...get a MBA
This is what I was wondering about. I'm not sure I'm ready to load up on the mortgage-like debt required for an MBA, and to go back to living like an impoverished student again on about 18k a year while I'm doing it. So you don't think it's realistic to use the MPS RE as a means to break into REIT or research/strategy type work...?
Cheers,
No, trust me, not worth it. You can become a broker or work for a broker team...but REIT, no. Research, yes, but real estate research does not pay well (trust me on that). Honestly most jobs do not pay well in real estate unless you are working for the top REITs or I-Banks; unless you want to sell/lease and can be productive..that is one of the reasons I will probably leave the industry.
Interesting, thanks for the input. Out of curiosity, why don't you think one could work in a REIT with that MS (I'm not interested in i-banking, having thought about it)? Surely Georgetown is a pretty good brand name...? There's a lot of technical modelling/analysis type stuff involved as well. Any thoughts?
If you already are employed by a REIT, etc then it is fine. I knew guys who were already in Asset Management and other top career choices for real estate...they were doing it to advance. If you are looking to break into the real estate industry, you need to take whatever low level job you can..and then maybe if you can get 3 - 5 years experience, then go to get the MPS, and try and transition..
When it comes to real estate, along with IB, AM, etc...most of the recruiting is done in undergrad...so if you did not go to the top UG institutions, you are already behind the 8 ball...and it makes things 10xs harder. I mean, maybe you have connections, but if not, using a MPS to break in without atleast 1-2 years of CRE experience...good luck
jt360: StyleT: jt360: S
unless you are in the MBA it is not the same as the grad program that is highly ranked. the Georgetown program just started a few years ago and while good, I WOULD NOT suggest it to career switchers..if you are in the industry...its good for advancement, if not...get a MBA
This is what I was wondering about. I'm not sure I'm ready to load up on the mortgage-like debt required for an MBA, and to go back to living like an impoverished student again on about 18k a year while I'm doing it. So you don't think it's realistic to use the MPS RE as a means to break into REIT or research/strategy type work...?
Cheers,
No, trust me, not worth it. You can become a broker or work for a broker team...but REIT, no. Research, yes, but real estate research does not pay well (trust me on that). Honestly most jobs do not pay well in real estate unless you are working for the top REITs or I-Banks; unless you want to sell/lease and can be productive..that is one of the reasons I will probably leave the industry.
Interesting, thanks for the input. Out of curiosity, why don't you think one could work in a REIT with that MS (I'm not interested in i-banking, having thought about it)? Surely Georgetown is a pretty good brand name...? There's a lot of technical modelling/analysis type stuff involved as well. Any thoughts?
Honestly, it does not matter what you know...it is who you know and I cannot find many industries in which what you know is better (other than maybe engineering, or medicine)
Style pm me if you'd like. I
Style pm me if you'd like. I have two more semesters left before I'm done with Georgetown's masters program. I kighly recommended it...I can't stress enough how many doors have been opened because of the Georgetown name. My first real estate investment gig was as an analyst at B of A. I now work in asset mgmt, but looking t get back into acquisitions/ development.
Feel free to pm me as well if
Feel free to pm me as well if you would like more info or just share any specific questions you may have and I'll try to get back to you on the open forum. Either way. I graduated from Georgetown's RE prog a couple of years ago. Great prog, top profs, incredibly networking opps. Now work at a large REPE fund in acquisitions/development.
StyleT, based on the above
Good question to stylet,