NYU Master's of Real Estate vs MSRED - Seem's everyone is getting one
Hey guys,
Seems everyone is getting a Master's from NYU for real estate. Everyone is going back to school and specifically going to NYU in the New York area. Is it even worth it to get one from there anymore? Seems the market is saturated with it so is it now a given to even get your foot in the door?
From my experience the level of competence on who is getting it varies from son of some of the biggest names in real estate to someone who doesn't even know how to model. Is this a good program to network with future leaders of New York real estate and be helpful for someone with a few years of experience who has already broken into a smaller dev shop (ignore title in post)?
That brings me to my next question, if I am firm on Development or Acquisitions can anyone who has gone through the program give me a clear answer on NYU MRE or MSRED? Seems MSRED may be too specific? I'm also worried that even if I get this I may still have trouble landing somewhere.
Some helpful pre-links that touch upon the above mentioned themes:
https://www.wallstreetoasis.com/forums/nyu-vs-columbia-msred
https://www.wallstreetoasis.com/forums/nyu-masters-real-estate-vs-non-i…
https://www.wallstreetoasis.com/forums/msredmsre-megathread-2020
You have already broken into the industry. That is one of the hardest parts: Congrats.
In development, experience is the - absolute golden factor - and undefeated ruler of the roost not a fancy degree.
Join a few of your local re clubs and the ULI groups specific to your long term goals (https://uli.org) and get super active and network (read: don’t sign up and watch your membership lapse; have a weekly and monthly plan that you 100% hold yourself to).
That, and keep getting experience and taking on more and more demonstrable experience at your re-dev-shop and save yourself the net $110k++.
Great suggestions thank you, I am apart of ULI. In terms of the networking I am a little lost since I got laid off. I used to reach out and say I'm an alumni (or not) interested in getting into Development and would talk to a lot of people that way but now how do I explain getting let go? Hey I just got let go I have xyz experience and want to catch up learn more about your background and firm? It's a little awkward when these calls are about what they do and then what you do and I currently don't have anything to share at this time.
Fair concerns. The good news is that you have a networking skill and muscle that exists and is exercised. Many folks are deathly afraid of even reaching out cold or otherwise.
In regards to your situation, what happened between you and your employer is between you and your employer. Some folks are let go for reasons as innocuous as simply looking for another position while working. And "letting go" becomes more of a mutual conclusion than a unilateral undertaking. And assuming such relatively benign circumstances, your employer would perhaps give you a solid recommendation. Many people move on after a period as the job was not aligned with their mid-term and long-term goals whether it was the size, scope, velocity of work or even a change of interest in product type or asset class (and they would rather leave their position immediately to focus on beginning this new chapter of their life than remain in a current position possibly interminably whilst waiting for an opportunity to maybe arise).
It’s 2022, and things are changing in RE by the month and many more changes are coming down the pike as post-covid realisations mix with a confluence of growing technologies. People move on from positions typically for growth (be it career trajectory or lifestyle or both; financial considerations, and a myriad of other reasons) and you could focus your meetings firmly and squarely on how you are looking to earnestly grow in your career and show passion and knowledge for that particular area/item.
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