I'm considering the next steps in my career and need advise from the forum.
I'm tossing up getting an MBA / EMBA or if I have enough experience to make in the in the PE world.
I have approx. 5 years of experience in commercial real estate. In this time I've worked on a successful hostile takeover in the public markets, and in the private markets acquired ~700mm in direct assets (all classes - mostly development).
I feel that direct acquisitions are getting boring, and think I need to level-up (MBA) or pivot (Private Equity or Hedge Fund?). Thoughts?
Based on the most helpful WSO content, here are some insights and advice for your situation:
MBA Consideration:
Experience in Commercial Real Estate:
Private Equity Transition:
Hedge Fund Consideration:
Alternative Pathways:
Personal Reflection:
In summary, both an MBA and a direct transition to PE or HF have their merits. Your decision should align with your long-term career goals and personal interests. If you seek a significant career pivot or a strategic role, an MBA could be beneficial. If you prefer leveraging your current experience, exploring PE roles might be the way to go.
Sources: https://www.wallstreetoasis.com/forum/real-estate/full-time-mba-necessary-to-transition-to-re-with-6-years-unrelated-experience?customgpt=1, What is the point of doing private equity if you will be pushed out after two years to get an MBA?, Ask Natalie from Accepted about Business School Admissions, 5 Things that Determine Your Success as a Commercial Real Estate Broker, Real Estate Career after MBA
Its very good experience. How was your undergrad (ranking/grades/internships)?
Would shoot for a top RE MBA (CBS/W) with that experience and go for VP/Principal level roles post-grad. Would skip PT or EMBA progs. MSRE/D doesn't seem like a match for your goals and kind of redundant. The Value program at CBS could be an interesting play for RE HF.
Alternatively you can try to recruit directly to a VP role at an REPE but the job market is a shitshow right now.
My undergrad was at an elite (non-Ivy) east coast college, I did okay grade-wise. My ~5 years work experience is a lot stronger I would say.
Why would you skip EMBA? I am considering studying for the EA and applying to a Columbia RE EMBA program.
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