Graduate programm in RE
Hi,
I am going to finish my undergraduate studies at the end of this year. After that, I've planned to do a Master. In the future I would like to work in RE. Is it common to do a specialized RE master programm, because here in Europe we have just very few master programmes that have their main focus on RE. Or is it more common to start in a related industry and transfer to RE with some work experience (comparable to PE)?
Would be grateful for any tipps.
Best, Thomas
My 2 cents: For REPE, REIB is the natural path right out of undergrad...1.5-2 years should get you interviews at top funds. This frankly could serve you really well for almost any other RE gig and is somewhat of a "calling card" that shows work ethic / dedication.
Highly recommend working for a few years BEFORE even thinking about a masters. A masters = call option with exercise date determined by you. The further out you can push that exercise date, the higher your option is worth. What if you dislike RE after a couple years? Pursue a masters and change careers. You didn't mention your background or what you're studying--this is kind of important. There are a lot of different job functions in RE and assuming you're NOT targeting IBD, reading up on all of them and finding where your true interests lie is a good step between now and recruiting.
Hey,
first of all thank you for your reply. Initially my interest came from financial modeling, although my knowledge in it is still very limited. An area I have always been interested in is PE, but this is apparently a sector where I, if at all, will end up further down the road. As RE is conceptual very similar (at least as far as my knowledge goes), this sector has had my interest as well. But before taking this too far, I have to admit that even my knowledge of the different job-profiles in RE is very limited. Therefore thanks again for referring to IBD. Maybe I should start there first.
But referring to my first post. Is it common to do a graduate program specifically for RE, or is a general finance program the usual path?
Best
Everyone is different--that's the only comment I can make as I can't speak for what is 'common' per say. Many of the wealthiest RE guys I know have a college degree only (no masters) and there are even those without a degree period. You ought to spend some time reading all of the quality RE related posts on this forum to get a better understanding of the industry, the players, and the career prospects. If you 100% want to do RE for your entire career, it would be tough to recommend any program other than a top MBA focused on real estate (or MSRE/MSRED/MRED)...
One addendum: as stated before, my knowledge about the RE sector and the underlying areas is very limited. Therefore, is financial modeling a necessity a skill that is required and useful for RE?
Unless you inherit millions of dollars, and want to throw it at assets without knowing anything about their intrinsic value and/or potential value, then no you don't need to know financial modeling. If you plan to go work for anyone other than yourself, it is mandatory (unless you are a broker).
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