Well, it's now 2019 now and online graduate degrees are getting more diverse and accepted. What are your thoughts on the Georgetown "Master's in Real Estate" program? Do you believe this program is on par with online MRED programs?
What it boils down to is that I am 5 years into my career at a Life Co/CMBS/GSE mortgage banking debt shop. Business is great and I've made it to an originator role. However, I would like to transition to an acquisition/development associate role due to that being where my true passion lies. I'm wondering if the Georgetown online Master's would check the box, or if I should pursue an online MBA at ASU or USC. The MBA or MRED programs near me are not the greatest, so whatever I go with will most likely need to be online.
Would love to hear the community's thoughts.
Georgetown or USC would be the best name brands. Forget ASU, it doesn't have a strong enough name brand. However, the problem with online programs is that the recruiting and networking process is nonexistent and that is generally an essential piece to pivoting into a new sector. You may need a full-time program for what you're trying to accomplish... Or skip school entirely and just try to network your way in, seeing as though you're already accomplished on the lending side. Just my two cents.
SLCCRE,
You are in a very similar situation to what I was in a few years ago.
Just starting to make good money in brokerage but knew I wanted to pursue an MRED/MPRE to help transition over to the development side.
I looked at ASU's program and was accepted, though I ultimately decided against enrolling as it would take me out of producing for 9 months at a time that I was just starting to make money.
I found the Georgetown online program and enrolled, graduating last May. My preference would have been to take the program on campus, however that was not the best option for me at the time and stage of my career.
I enjoyed the Georgetown program, despite being online, most of the classes do have significant student interaction/team projects (law class withstanding). I tried to be involved the best I could, going on both the Europe / Expo Real Trip and Asia Trip as well as getting back to DC for modeling and Argus classes as often as I could.
I do not regret taking the program online at all, it worked best for my intended purpose, to help transition to the development side while still maintaining my current brokerage position and income. For example, prior to having the Georgetown program on my resume, I was 0-3 with getting interviews on the development side. Post graduation, I am 4-4, being a runner up for a market lead position, turning down 2 positions and currently a few rounds in with another.
It is certainly not for everyone, certainly not if you are just trying to break into the commercial real estate arena, but for me, it was the ideal scenario to help build on my already solid foundation and help get to the next level.
Happy to discuss further with you, DM if you would like.
MG
I actually am shocked because I was going to create a post asking the same thing. I am currently going to ASU and I was looking at the same programs.
Georgetown all the way tho. Then USC
That would be a good path. The thing with real estate is that it is a very unstructured industry. It is not one to expect analyst or associate training programs or a hierarchy of titles that change every 12-18 months. You need to dive in and get first hand experience.
What I liked about Georgetown online was that for pretty much 2 years, you will be real estate 24/7. If I wasn't at work, I was doing case studies for school. 3 years in IS plus the MSRE will make make for solid path to development/acquisitions.
I started the Georgetown online program this Spring and am in my second course. The content has already been everything I hoped for, and a bit more. Being online, much of it so far has been self-study with a few brief recorded presentations. I was hoping for some live presentations from professors, but am now used to the format and enjoy it.
I think an important difference, though obvious, compared to an MBA is the content. For example, my Ethics course case studies are all RE related. I expect in an MBA Ethics course the topics would be pretty broad and generalized.
I have already had an increase in responses back to development positions I've applied to. I'm currently on the PM side of the industry shooting for development.
Recently graduated from the Georgetown program. PM with any questions.
Random Q: is here any benefit to USC/GT RE MBA if one is already in a mid-senior level acquisitions role?
I would presume no... but am not sure.
I'd rather take the $100k+ cost of admission and buy some rental property.
Georgetown- International name recognition
I'm in pretty much the same boat. Between Georgetown online (I wanted to do on-campus but can't afford the move and don't have any job offers on hand right now in DC) or in-person Univ. of Miami with my current job. I am committed to neither city to be honest and the name carry of Georgetown is making me seriously reconsider the in-person degree.
Which cities are you considering long term? I’d bet there are decent MSRE or MBA/RE programs in or at least near those cities
Canada / Europe. I looked, nothing flexible / part time worth pursuing given my situation.
I know a decent amount of people currently in the Georgetown program and they have nothing but the best things to say about it.
Hi guys, I am currently in process of applying for online ms real estate. I am more inclined towards investments and finance part. What would you guys suggest ?
I am thinking of applying into georgetown and nyu. which would would be more suitable for me, looking at my finance and investments specialisation? any placement services offered by any of the programs, any other program all together?
Pls give your suggestions and experience .
thanks
The NYU program would offer more suitable electives for a finance focus. You would need Georgetown on-campus for something similar.
Would the Georgetown online program be good for someone like me who is in project management for a large commercial GC? I am looking to make the move over to a pure development role.
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