MBA to Real Estate
Curious to get opinions from professionals and people who may have similar backgrounds. Currently attending top 5 MBA (part time) and working within a REPE firm on the accounting side (came from 5+ in Big 4 audit and TS). Learning a lot, but think I'd like to do more finance/acquisition/Asset Management work once I am done with my MBA. Planning on working with people in house, RE club at school, and my network. Curious if people have made similar jumps, have advice, or good firms/positions to target.
Looks like you're making all the right moves, make sure to meet with no less than 1-2 people per week while networking. With a top 5 MBA and a background in Big 4 I'd be looking at some of the top firms if I were you.
I recently finished my MBA full-time and made a career switch into AM at a REPE firm. My background is Supply Chain, so it was a substantial shift to say the least. It's definitely a huge learning curve, but have been enjoying the ride so far. I try and participate in everything I can, because you would be amazed at how much you knowledge you pick up by just being in the firm's various meetings. I still feel lost at times, but just try and get better each and every day. How much RE modeling experience do you get in your PT program? Have you used Argus before? Although I was certified in Argus as part of my RE concentration, the modeling part of RE has been a struggle so far. My program was much lighter on the financial side than it should have been.
Thanks. So I have a lot of RE experience from Big 4 and getting more now. Unfortunately, I have not used Argus. Know what it does and capabilities, but never hands on. Everyone said during interviews "it is easy and we'll teach you" yet none ever offered me, so might be BS. Considered signing up for a external class. Not sure if my MBA offers it.
If you guys haven't already, could you add your info to this thread? https://www.wallstreetoasis.com/forums/what-is-your-compensation-in-rea…
It's a pretty good list so far.
Your situation is definitely unique in the fact that you already have a foot in the door at an REPE firm. The fact that you are pursuing an MBA on a part-time basis is the icing on the cake. With that being said, is your firm a place in which you can see yourself lateralling to a different department? Does it deal in the asset class that you find most enjoyable? If yes, I think the most important thing you can do is make your interests known to the firm while simultaneously killing it in your current role. If you can do this while obtaining an education from a top 5 program, you'd be proving a lot to your current firm. With that being said, if you're goal is to move to a different firm for various reasons, networking is crucial. I'm assuming you're either in Chicago or New York, given the location of the top 5 schools that offer part-time MBA programs, either of which are great cities for networking purposes.
Thanks for replying. Yep, I am in Chicago. My firm deals with all sorts of assets and different strategies. Hoping I can just stay where I am at. Long term, I assume the money will work itself out with increased exposure and opportunity. Thanks again.
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