Is an NYU MSRE the right move for me?
Any advice I plan on enrolling in January 2025 and completing the program in 18 months once I here back I will be networking heavily for summer internships immediately I have money left in my college account to cover the cost
My experience: 2.5 years at a small single-family real estate fund I also own a laundromat in Brooklyn and hope to expand that business
I’d like to work for a mid-size repe fund, reit, or even something in asset management or development I’m not picky and will take whatever opportunities come my way
I do not want to work at a reib or REPE mega fund because the hours won’t be conducive to building up a very lucrative laundromat business that also has a ton of tax benefits
Does an MSRE make sense?
Based on the most helpful WSO content, here's what you need to know:
NYU MSRE Program Considerations:
Networking and Alumni Network:
Program Flexibility:
Cost and Accessibility:
Reputation and Acceptance Rate:
Career Outcomes:
Your Specific Situation:
Conclusion:
Given your background, career goals, and the advantages of the NYU MSRE program, it seems like a suitable choice for you. The program's strong network, flexibility, and focus on real estate can help you achieve your career objectives while allowing you to manage and expand your laundromat business.
Recommendations:
Best of luck with your decision and future endeavors!
Sources: My 8-month real estate finance internship journey + some general thoughts on NYU's MSRE, Which Fall 2020 MSRE program should I pursue to build towards a REPE or REIB career?, MBA or Masters of Science in Real Estate??, NYU Masters Real Estate vs. Non-Ivy MBA, MSRE vs. MBA decision - looking for opinions based on my situation/interests
Directionally this question has been asked so many times on this board to the point where the auto-bot appears to have produced a cogent and somewhat respectable answer.
That considered -- the long tail, credited wisdom is that if you are aiming for investment and finance-oriented roles (and you lack an undergrad degree in finance or economics) then the NYU MSRE Finance and Investment program (track) delivers the best results. If you want to focus on development roles immediately or in the future (and you lack substantial development experience) then the Columbia MSRED delivers the best results. All this (very) strictly assumes that you will be putting in a ton of regular legwork (treating it like it is your job from the outset) networking during the program with professors, classmates, project/case study mates, and their colleagues (and industry friends) and completing ~2 end-game relevant internships (with solid references) by the time you are ready to graduate.
Will starting in the spring and doing a program in 18 months put me at a disadvantage my plan is to start networking as soon as I hear back in the next few weeks for summer 2025 internships for undergrad I had a 3.7/4 in finance at a top 50 undergrad business school
Many of the firms come to campus in September and October to to meet and greet and have final interviews/hand out summer offers in Nov/Dec usually to the full time students currently in classes.
Don't do it, was in the program and like many graduated Aug/Dec 2023. Know many people looking for a job for 6-12 months and others who left the industry/city.
You already have a solid role and are building something, why throw away $100k and 18 months to learn academic real estate when you're getting practical experience. There were honestly 2 very useful classes in terms of learning and technicals from smart people - but they've since 2x the class size from 20-25 when I was there to 50+ to get more students.
They don't care about the individual experience and just want to use it as a cash grab. These professors will now not have time to give real feedback like they did before on each case. You area already making money and building something on the side, put your attention towards that and maybe look to do smaller deals outside the city to learn. You don't need NYU at all.
I mean it really depends on how focused you want to be on laundromats/small businesses in general vs. having a more stable white collar job. With the time and money you spend on an MSRE, you could have potentially built a $1mm EBITDA business. If you’re kind of undecided on industry and are willing to venture into the world of sub $1mm EBITDA businesses I think an MBA and/or school of hard knocks would be more worthwhile.
once my loan is paid off in 2028 my laundromat will cash flow 300k a year I get half and I get 100% write-offs on federal and fica for at least nexgt 10 years cause of machine depreciation, by the time that expires all have more stores for more writeoffs I purchased a pre-existing business and I actually consider it more stable then a white-collar job since I can't get fired and its recession-resistant
so do you run it yourself, or do you pay someone?
Genuine question, why would someone opt for a MSRE instead of an MBA?
More real estate oriented curriculum at MSRE programs is a big reason.
Not debating the fact that MBA lends itself to more career options and that you can recruit for RE roles with one anyway.
NYU MBA has a real estate focus and they all placed in roles. MSRE many are still looking and took 6-12 months, would highly recommend doing the NYU MBA - they also have someone dedicated to helping you find a role unlike MSRE.
A few reasons I can think of
1. Reposition earlier in your career. MBAs typically like more experience. You can graduate undergrad and at some programs immediately apply to a MSRE, or work in some nowhere fast job for a year or two and use the MSRE to immediately make you hirable in real estate.
2. Less expensive. Pretty self explanatory here. Student loans suck.
3. Real estate focus. Only a handful of top MBA programs have comprehensive real estate coursework beyond just a few classes. Now, one might say you don’t go to business school for the classes, but still…
4. Don’t have the stats for a good enough MBA program. Not trying to be rude here, but because MSRE programs aren’t ranked in any way, they can accept applicants on a holistic basis (or just because they want the tuition money) vs. worrying about their reported class GPA or GMAT average.
There’s no question going to a M7 MBA program is better than a MSRE or MRED program, but that’s also not the choice for most people. If you know you want to do real estate, are only a few years into your career, and your realistic choice is between a random state school MBA program or a MSRE/MRED, I’m not sure why you would take the low ranked MBA route.
Hi - not to hijack thread but hope its ok given this is >7mo old.
I will have 3YOE next year. Do you think its a good idea for me to do a Masters in RE or should I wait a year and proceed to get an MBA? My end goal is definitely real estate for what its worth - hopefully development but an acquisitions seat is 100% ideal too!
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