What are some of the firms that recruit from Schack Institute of Real Estate (NYU) after a Master's degree? Is the program worth it and do firms seek employees from this program given that it isn't very competitive to get into the program?
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I'm in NYC, but didn't go there (or any part of NYU for that matter), but like I swear to god, you find Schack graduates everywhere in NYC at like every firm in the city. Go to any networking event and just ask "where did you go to school" and I'm sure you will find one like in 5 seconds. I'll name drop Silverstein, RXR, SL Green, Vornado, and Related, I can think of people I personally know at those for sure.
This rings true anecdotally and matches with several of the companies listed on the program’s advisory board roster (published as of 2020):
Larry A. Silverstein ’52 Silverstein Properties,
Farah Ahmed - Greenberg Traurig
Marc Bell ’89 Marc Bell Capital
Robert S. Blumenthal - Deutsche Bank Securities
Marty Burger Silverstein Properties
Andrew Chung
Innovo Property Group
William Gilbane ’13 Gilbane, Inc.
Laurie Golub - Square Mile Capital
David R. Greenbaum Vornado Realty Trust
Michael Higgins ’92
Tammy Jones
Basis Investment Group
Richard A. Kessler Benenson Capital Partners
Enoch Lawrence ’99 Cushman & Wakefield
Margarette Lee YoungWoo & Associates
Jeffrey Levine - Douglaston Development
James D. Kuhn Newmark Knight Frank
David Z. Hirsh ’90 - Blackstone Group (Retired)
Silverstein Chair
Dana Roffman Savills PLC
Randall Rothschild - Tishman Speyer
Mitchell E. Rudin Savills
Mitchell Brent Rutter - Essex Capital Partners
Lee S. Saltzman
UBS Asset Management
Andrew Scandalios ’04 HFF
Lauren Silverman Hochfelder Morgan Stanley
Kevin Smith
Cushman & Wakefield
Darcy A. Stacom CBRE
Thomas Vecchione VOCON
Brian Ward
Trimont Real Estate Advisors
Young Woo
YoungWoo & Associates
Simon Ziff ’90 Ackman-Ziff Real Estate
Susan Macgregor-Scott - Citi Realty Services
Catherine Marcus ’90 - PGIM Real Estate
Jonathan L. Mechanic ’77 Fried, Frank, Harris, Shriver & Jacobson
Sas Mehrara
Simpson, Thacher & Bartlett
Joanne Minieri RXR Realty
Bruce Mosler Cushman & Wakefield
Renato Ochman - Ochman Real Amadeo
James A. Oswald - Deloitte
Craig Robinson - WeWork
Robin Panovka
Wachtell, Lipton, Rosen & Katz
Jerry Pi ’07
Pi Capital Partners
Sujan Patel - Nantam Capital
Brian Ray ’02 - Alchemy-ABR Investment Partners
Scott Rechler ’90 - RXR Realty
Those firms also match some of the attendees at the annual capital markets conference: https://www.sps.nyu.edu/content/dam/sps/academics/departments/schack/pd…
Added data/points of reference - AB’s of other msre/d programs:
- Cornell Baker’s AB: https://baker.realestate.cornell.edu/network/advisory-board/
- Columbia's MSRED AB: https://www.arch.columbia.edu/programs/8-m-s-real-estate-development/ad…
- USC's AB (also see Executive Committee link which is expansive): https://lusk.usc.edu/membership/advisory
- JHU's AB (this looks like MBA program included): https://carey.jhu.edu/about/leadership/boards-councils/real-estate-advi…
You won't get recruited out per say by a career fair or on campus networking event. Although that is possible, you will benefit more from utilizing the programs network which is extensive. You need to arrange to grab coffee with alumni and find your way into organizations through networking. Just because you go to this program, doesn't mean you will get a job at top tier firms. You need to be aggressive and find your way in. The resources (network) is there to be used. But don't expect to get an offer from Hines or some other firm or a similar caliber through on campus recruiting. If you are intelligent, take your coursework seriously, work hard, sharpen your modeling skills on the side, and network aggressively, then you will be in excellent shape. I was in a strong MRED program myself and many people expected to go to top tier firms simply because we were at X prestigious school. There’s too much competition out there. You need to outcompete your classmates through the aforementioned strategies.
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