MS RE vs. MBA RE + RE Work Exp Required + Distressed Acquisitions
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Keywords
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| +30 | Uncertain of what To Do Next | 5 | 1d |
| +29 | What should we be buying? | 23 | 41m |
| +28 | Capital Restricted Developer | 2 | 2d |
| +27 | Basis play / value-add office in high-growth markets - value trap or generational buy? | 10 | 3d |
| +23 | Warning: J. Shaw Recruiters | 5 | 2d |
| +20 | Laughable Job Posting | 3 | 1d |
| +18 | Due Diligence - ALTA Survey | 3 | 2d |
| +15 | Seeking Advice: How Do You Get Value from ULI Membership? | 2 | 5d |
| +11 | PGIM Real Estate Equity vs. Private Credit | 3 | 5d |
| +6 | First-year REPE analyst comp check (London) | 1 | 3d |
Career Resources
I'd be aiming for Cornell or MIT with your stats.
Edit: Most RE programs are housed out of the school of professional studies.
MIT specifies 3-5 years of Real Estate experience, not just general experience. I'm not sure how stringent they are on that requirement, but part of the program being "accelerated" is an assumption of prior real estate knowledge. I agree that OP's stats are way above average though. Cornell is a good choice, although it is a two year program. That could be either taken as a positive or a negative depending.
MIT requirements look extremely stringent. Everyone has a background in architecture, engineering or real estate in various capacities, including IBD, securitization, etc. http://mitcre.mit.edu/category/student-profiles
"The admissions committee looks for highly qualified candidates who have an extensive amount of professional Real Estate work experience (3-5 years), a strong academic background, as well as clear and focused goals and objectives. This requirement can be satisfied in any number of ways. Prior to enrolling in the program, students have been employed as brokers, construction managers, planners, architects, commercial loan officers, consultants, financial analysts, and engineers. Due to the work experience requirement, we do not admit students directly out of undergraduate studies." http://mitcre.mit.edu/masters-program/admissions
The most important thing for me is to learn RE modeling in Argus, learning NYC tenancy laws, and understanding securitization/cap markets better (not just in general terms).
I'm leaning on either JHU, Columbia, or Georgetown (Gtwn only due to cost). My reasoning is that the former two are actual MS programs so I'll have access to the university job board so if my background doesn't appeal to RE groups, I can still get other finance roles.
Thank you so much1
Have you considered trying to transition without going back to school? I don't think it is out of the question with extensive networking
I tried but I didn't get any good opportunities. I think employers want the magical Argus designation on your resume/don't want to waste time on training on basics.
I've seen instances where large PE firms have dipped into the I-Banks to recruit analyst. I'm only guessing, but it would be my assumption those candidates have no Argus experience. You can always take a class to get certified in Argus.
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