Breaking into REPE/development from appraisal
Wondering what exit opps would be available with 1-2 years in appraisal with an MSF w/ RE focus from a decent university would land me? Assume that the appraisal gig would have good flow with good properties (MF, office, retail). Would REPE and development be in the question or would I need to do a stint in DSF or IS before going the REPE/dev route? I'm highly considering going the appraisal route to learn the industry while I complete a masters program. Thanks for the input!
edit - Still curious about appraisal, but what about an analyst position on a good tenant/landlord rep team with a top brokerage firm? Would that be better experience?
If you would, I'd suggest considering A&M's MRE program. It's 1.5 years long, with an internship during the summer. You would learn about the whole enchilada of real estate and gain exposure to everything from Development, banking, appraisal, etc. Plus the key benefit is the real estate network you gain access to, it is very strong, especially in Texas. We have a yearly conference in Texas and thats popular. We even have an retired professor who gets emails from former grads all around the various RE industries and passes them to everyone. All the job insights I found have been from that network.
Cody, if you want to do real estate in Houston, go do A&Ms MSRE. One of the best real estate programs in Texas. They place in top firms across the state, the program is relatively easy to get into, and you’re close to Houston. The program is 18 months with an internship so you’ll have an opportunity to get some better [than appraisal] experience prior to graduation and would most likely be able to get a Development or PE job out of the gate if you get a decent internship, and network while in school. The A&M re alumni network is very strong in Texas.