Modeling courses or Argus Cert?
Which would be the better investment for a position in real estate finance if you can only choose one? Something like REFM or Argus Cert?
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Aren't there 50 million threads on this?
Well there's also NYU real estate financial modeling course for 695 which I can't seem to find anywhere here. Only see threads on certifificate or MS.
I should have mentioned that instead of the REFM.
If you take the REFM cert test you also have access to the NYU tests. I took the NYU test to see what it was like and it was basically identical to the REFM test. I have also taken the BIWS Financial Modeling and the Real Estate & REIT Modeling classes and found them to be much more helpful.
As for ARGUS, It may look good on a resume if you have no RE experience but I don't think it will make a difference in actually landing the job.
Joshua Kahr has a 2-day modeling course. I'd look into it if you're already in NYc
Is there any learning material on Argus - cheaper than the actual software?
Someone can always be taught Argus on the job. Depends on where you want to go too. Development vs REPE, etc. Smaller developers won't have Argus so it could be useless getting a cert in that initially. Just some thoughts.
I was thinking on just getting the software and some case study and self study material.
1000 is pretty expensive for the cert. Can one at least have a working knowledge of it by buying the software and playing around with it and study materials?
I was looking it at the BIWS and seems like it's more focused on REITs
I'm trying to decide between purchasing BIWS or sign up for NYU's Modeling in person course..which would you guys say would be more useful? I was leaning towards the NYU as it might look good on resume to have it as individual coursework done.
I purchased BIWS before starting my job as an analyst at a REIT and it was the best thing I ever did, from a technical perspective and as a good CRE overview.. I would highly recommend it to anyone entering CRE, especially RE finance. It isn't focused just on REITs, it covers valuation of all property types in any capacity - acquisition, disposition, development, etc. One advantage of BIWS over an in person course is that you can always go back and review the material in the anytime. The moderator is extremely good at explaining things and you can ask questions anytime (with quick and detailed responses).
Questions for those with BIWS. Is the software/program shareable? Meaning, can me and another person be logged on at the same time reading/reviewing the material?
Also, I got Argus Cert two years ago through my RE program in undergrad. I just started working for a lender and we don't use Argus, just excel. Even then, the bank has standard models for every property type/deal type.
I'm thinking of doing BIWS to learn the developmental/REPE side to be familiar with that side of the industry. For those who have experience, is this a waste of money? I'm interested in that side of the business in the future, and would like to invest in small MF deals on my own.
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