Arizona State Univeristy MRED
Hi everyone,
I am from the UK and I am strongly considering the Masters of Real Estate Development program offered by ASU. The overall goal is to stay and work in the US post graduation, hopefully working for a real estate development or investment firm out on the west coast.
My BIG question for you guys on the forum is do you think employers place much value on a Real Estate masters degree from ASU or am I just flushing $50,000 down the toilet?
I'd also love to hear your personal opinions on the program, there really isn't much discussion about it on the internet.
Much appreciated!
There are like a million MSRE programs in the US (NYU, Columbia, MIT, Cornell, Georgetown, Johns Hopkins, USC, etc) and a million MBA - Real Estate programs (Wharton, Columbia, UNC, Texas, etc) that you should prob check out first.
If you're looking at the west coast of the US, I would pick USC over ASU just based on the alumni network. Nothing wrong with the ASU program (and they might have the best looking female undergrads in the country) but USC's program has been around for 20 more years and has a large alumni base, both for the university and the actual program.
If you're looking for something on the west coast, I would take UCLA, USC, or UC Berkley (though it has a shitty environment) over ASU. I know lots of people who have gone to ASU, and it doesn't place very well for finance as a whole. Though I don't know precisely how well ASU places into real estate, I'm sure that the aforementioned schools are all superior to ASU.
I grew up in the area so I'll chime in--if you are looking to stay in AZ post-grad and work for a smaller development shop, the MRED might be OK. Certain MRED's carry more weight then others (search the forums) and all employers will view the degree differently; some of the shops you apply to may not be familiar with the MRED at all but this is where the brand name of the school will help out. Outside of AZ, this program will be a tough sell. It is younger in comparison to other programs and you'll probably find that the alumni base is MUCH smaller (than say a USC or Cornell...just throwing names out there). Previous RE experience will help tremendously if you're pivoting into a development job. As for the program, the experience of classmates will range widely--some will have past exp. and others will be completely new to real estate. $50K is a steep price tag to pay for any 1 year degree so alumni base should play a large role in where you ultimately decide to go (this is how you'll most likely find a job). I would suggest connecting with as many alumni (from the programs you are considering) as possible and using your conversations to gauge the value of the programs themselves. Also, if you're new to RE, you should weigh salary expectations against your upfront investment as well--I've seen WP Carey U/GS in RE fin graduate and obtain similar roles as an MRED grad w/out prior experience. Just my $0.02.
Arizona State MRED, transitioning from residential brokerage (Originally Posted: 01/01/2018)
I've been accepted into the MRED program at ASU for the fall of 2018 and am wondering if any of you can offer any insight on the program. I will be attending a few events to speak with alumni and faculty but am hoping to get some good neutral advice on here.
I am now 26 (27 when I finish the program) and am looking to parlay about 3 years of experience in residential sales and some multifamily management into a job with a developer. I've applied for analyst roles but I need some more coursework in finance. I've thought about jumping straight into commercial brokerage and have a couple of potential opportunities there but am not sure that would be the best path from an educational standpoint given my goal of getting into development.
Thanks for the help!
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