Deciding college major at ivy league

Hey all, a bit confused as to what I should major in. I just transferred and my ultimate goal is to get into CRE after I graduate, specifically in LA. I basically have two choices: study applied math or urban studies. The latter can be made quite quanty at my school which is interesting and we have good RE classes.

I ultimately want to move back to LA (where I’m from) and be with my girlfriend after my next two years are up, so I want maximum employability. The urban studies curriculum is so up my alley but I’m afraid I’ll be unemployed when I graduate.

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Based on the most helpful WSO content, here's what you need to know:

If your ultimate goal is to break into Commercial Real Estate (CRE) in Los Angeles, both applied math and urban studies can work, but they offer different advantages. Here's a breakdown:

  1. Urban Studies:

    • This aligns well with your interest and can be tailored to include quantitative elements, especially if your school offers strong real estate (RE) classes.
    • However, urban studies might pigeonhole you into roles like city planning or public sector work unless you actively supplement it with internships, certifications, or additional finance/real estate coursework.
    • Employers might question your financial or technical aptitude if your resume lacks quantitative experience, so you'll need to address this gap through internships or certifications.
  2. Applied Math:

    • This is a more versatile and quantitative degree, which can signal strong analytical skills to employers.
    • It might not directly align with CRE, but pairing it with internships in real estate or finance can make you highly employable.
    • Applied math could also open doors to roles in acquisitions, underwriting, or financial analysis, which are common entry points into CRE.

Recommendations:

  • If urban studies is your passion, go for it, but double down on real estate-focused internships, certifications (like ARGUS or financial modeling), and networking to ensure employability.
  • If you're more concerned about maximizing employability and flexibility, applied math might be the safer choice, especially if you can still take real estate electives or participate in related extracurriculars.
  • Regardless of your major, internships in CRE, networking in LA, and potentially pursuing a Master's in Real Estate (MSRE/D) or an MBA later on can significantly boost your chances of landing a role in LA's competitive CRE market.

Ultimately, your major is just one piece of the puzzle. Your internships, skills, and network will play a much larger role in determining your success in CRE.

Sources: Thoughts on getting into real estate development with an urban planning degree?, NYU Masters Real Estate vs. Non-Ivy MBA, Sophomore: Architecture to Real Estate, https://www.wallstreetoasis.com/forum/real-estate/can-you-make-a-career-in-cre-capital-markets?customgpt=1

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Most Helpful

(1) Applied math is going to have almost no hard-skill benefit for you. It just doesn't materially translate. Math does have a soft-skill benefit. One of the things that defines advanced math is that it is proof-based. Learning how to prove shit is a useful soft-skill. 

(2) Applied math is a better signal for RE gigs which will help in the actual job application process.

(3) Your degree doesn't matter. As people have said, there are many things that matter more such as clubs, internships, developing actual relationships, etc. If you like the urban studies curriculum more, then get that degree. 

 

If you can get a good GPA in math and have social skills, do it. I majored in math and everyone will just check the "intelligent" box when evaluating you. Also, boomers assume stem majors have a leg up on "AI" which will benefit you during the hiring process. If you cant get a 3.5+ choose something else. Hiring is competitive, entry level jobs are shrinking in RE, and gpa is an easy way to cut a few hundred resumes down.

 

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