If you do not have any prior development experience, how effective is an MSRED degree (ex. Columbia's MSRED) in getting you that first development role?

What is the overall consensus: Is development something you can go to school for (ex. Columbia's MSRED) or is it something you really only learn on the job? 


What would be non-development related work experience or degree type that would be attractive (or transferable) to a developer looking to hire an analyst or associate level candidate? Where do most development candidates come from (disciplines/education/experience/backgrounds/etc)?

 

Based on the most helpful WSO content, an MSRED degree can be beneficial for those looking to break into development roles, especially if they lack prior experience in the field. It can provide a solid foundation of knowledge and open up networking opportunities with real estate professionals. However, the value of the degree can vary depending on individual circumstances and career goals.

The consensus seems to be a mix. While formal education like an MSRED can provide valuable knowledge and credentials, there's also a strong belief that much of development is learned on the job. It's a field where practical experience can be just as, if not more, important than theoretical knowledge.

As for non-development related work experience or degrees that might be attractive to a developer, it seems that backgrounds in planning, design, and entitlements can be valuable. These areas can provide a unique perspective and set of skills that can complement the financial and economic aspects of development.

In terms of where most development candidates come from, it's a mixed bag. Some may come from finance or real estate backgrounds, while others might come from more non-traditional backgrounds. The key is to play to your strengths and leverage your unique skills and experiences.

Remember, these are just general observations and the actual situation can vary greatly depending on individual circumstances and the specific requirements of the role or company.

Sources: Entry Level Development Roles - MRED Necessary?, MSRED/MRED 2019 (MIT vs. USC vs. Columbia) WHICH ONE?

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 
Most Helpful

What is the overall consensus: Is development something you can go to school for (ex. Columbia's MSRED) or is it something you really only learn on the job? 

Development is something that you can really only learn on the job, but to answer the question in your title - How effective is a MSRED degree in getting you that first development role - the answer is incredibly effective. In fact, I'd say most of the stuff you will learn in the program is completely remedial and theoretical, but MSRED/MRED/MSRE degrees do two things exceptionally well - they provide you a built in network and they get you a bullet point on your resume that says development. Both of those things are very useful when job hunting. 

what would be non-development related work experience or degree type that would be attractive (or transferable) to a developer looking to hire an analyst or associate level candidate?

Anything finance related is a good idea, but if you already graduated undergrad with something else I wouldn't stress it. I was a Poli Sci/Econ major. It never held me back. 

Where do most development candidates come from (disciplines/education/experience/backgrounds/etc)? 

Most development candidates are upper middle to upper class white dudes whose dads are also developers. ;)



In all seriousness, development tends to lean heavily male, white, and from a comfortable background, but I wouldn't let that dissuade you if you are not. I know female developers. I know minority developers. I know developers from underprivileged backgrounds. 

Success in development has far more to do with your ability to make intelligent decisions quickly, "herd cats" to drive results, and grab a coffee or a beer with people than it does your background. Maybe you need to learn a bit about college football if you don't already follow it so you can fit in better in the southeast, for instance, but you'll be fine. 

Commercial Real Estate Developer
 

Ipsam similique omnis animi harum vel doloremque deserunt possimus. Sit a facilis non delectus. Dolorum qui consequatur sit eveniet corporis similique. Nobis velit dolor rem occaecati. Unde odit exercitationem aut ducimus necessitatibus.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”