Graduate School
Hello, I'm now in undergraduate school, and after receiving advice from people working in financial services, it seems like I should embark in real estate field to achieve my long-term career goals. However, I've been studying psychology in my university, and my interest is real estate development, so I'm considering on graduate school. My plan for now is as follows: Undergraduate-MSRE-Work-MBA or Undergraduate-Work-MBA with RE emphasis-Work Which option do you think is better? Also, I'd like to base in either US or Europe, but do you think going to get MSRE in Europe would be better? I'm now seeking for affordable school for master, but do you think online or traditional master would make a difference?
Thank you very much!
Definitely do not do your Masters online. Real Estate is a relationship driven business, and the relationships built during your Masters degree are just as important as the academic work.
Second, I would not get an MBA after getting a MSRE. It would be redundant as most see the MSRE as comparable to MBA.
OK. Thank you very much. How about location wise? The reason why I'm seeking for the university in Europe for master is because of affordable tuition and also my interest in learning French, which I'd like to use in the future.
US or Europe?
Gosuke,
Generally, the consensus I've seen on these forums is the following for RE Masters/MBA: * Go to a program in/near the region you want to work in, unless you're talking M7 * Do not take an online program. Arguably the biggest benefit of a Master/MBA is in the networking, which is hugely neglected when taking courses online.
Some will argue either of the above points, everyone has an opinion. If you already have a career in RE, the above may not apply as much. It doesn't seem that is the case based on your post, though. The Real Estate Industry is run on relationships and networking, which you will need a lot of to break into development. I'd say taking an online MRED or similar would put you at a serious disadvantage compared to someone in the same position who is on campus and thus has access to recruiting/professors/classmates daily. Either way, a higher education surrounding RE will help you in your career. The above two points are going to help you to maximize benefit of that education and leverage the network.
I'm not masters/mba educated, but am working towards it and have been reading here heavily in preparation. The above is what I've gathered during my research.
Also, a bit off topic, but you're a Psych major in undergrad (I assume Junior/Senior yr) who is interested in learning about and starting a career in RE. I would go work as an analyst or broker somewhere for a year or two and get a feel. Seriously doubt any program worth paying for takes candidates without experience. I learned more (about the professional world and myself) in my first two years out of undergrad than I did in the four years at university. Who knows, maybe you'll go put that Psych degree to work. Just my $0.02
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