NYU SCHACK MSRE
I’m considering to apply for MSRE in NYU. I have a bachelor’s degree in architecture (GPA 3.5), MBA (GPA 3.7) , two years of work experience in sales and 7.5 Ielts score.
I was wondering is my resume eligible ?
and also does anyone knows about the universities scholarships?
You have a pulse right? You're in.
The MSRE programs have their place in the RE industry, especially the NYU master's program (as it is extremely strong in NYC), but I believe (be it going into, advancing in development, or acquisitions) the industry is trending decidedly back to valuing the MBA (ideally focused on Finance; what is your MBA's focus?) above all other degrees. Review recent job postings for further evidence of this. I think the broader business skillset the MBA provides is the best value for the dollar as it will give you more options if you don't want to continue in real estate or diversify your work/investment/business life. One can always take RE-centric modeling classes on the side with respective certifications (e.g., REFM, etc.) or simply minor in RE during their MBA program.
Just finished the MSRE program at NYU and I agree with the above. It's not hard to get in and they let in anyone as it's a money grab for the school. The issue is they don't care much about your progression after and I know many people who are still looking for jobs now 6-12 months after graduation.
I was accepted into the MRED program at NYU and Columbia (for context: 24yo non target biz administration undergrad / non target finance MBA both with 3.5, boutique development co-op during MBA)
Comments about it being a money grab are very true. A few things I found meeting with current students during my application process
1 there is little help in post grad planning, they were very adamant that doing well and having the schools badge won’t guarantee a job
2 there are many foreign exchange students in cheating rings that make the classes even more competitive (not new, I know)
3 they expect you to be a full time student so you would not be able to work an internship anytime during the program
4 NYU / Columbia programs are great if you want a job in NYC, otherwise good luck
I ultimately decided not to attend either program because it didn’t pencil for me financially, plus campus was heating up with recent events this spring
Good luck with your process!
100% agree with #1, they do nothing to help unlike NYUs MBA program and Columbias MSRED program. They tell you to go to Handshake which posts mostly bs jobs and very little is real estate focused.
#2 agree, but its about your individual learning who cares what they're doing.
#3 I interned for the whole 1.5 years so not really true, I took 3-4 classes and worked 20-40 hours a week depending on timeframe. Columbia it's very tough to work only one internship opportunity really. NYU is flexible so you can take 1-2 classes a semester and work full time if you wanted like some people did.
very useful, thank you @tatel1
NYU MSRE is losing its value year by year. I wouldn’t even think about getting it unless you were transitioning from another industry and had zero RE experience.
Yeah it's unfortunately been watered down, Columbia has a set cohort of like 100 students meanwhile NYU has like 2-300 taking the program at once all on different timelines. After my semester, they also combined important classes like Valuations from 15 people to 40+ per class. No way you're getting the necessary attention from a professor and learning when they now have 3-4 classes with 40 students when they were used to 15. It's a joke.
Felt discouraged after calling into an informational session. Lots of people with not-so-great backgrounds on the call. I was hoping to be a part of a strong cohort, but I think I’ll pass and apply to other programs, respectfully.
What about NYU’s other programs?
I was interest in RE because first of all I don't have any experiences in that area. Also I checked the curriculum and I’m keen on focusing on finance and investment. Additionally, I though because it is in NYC there might be more job opportunities.
I graduated the program and what you get out of it is definitely dependent on what you put in. I think if you can do it and get an internship while in school that is really helpful for when you graduate and dramatically improves your chances of landing a FT role. I would also say the school does not do a great job of teaching the necessary modeling skills, so a program like ACRE or Break into CRE are a must to make it through the modeling test in an interview process.
I graduated from there and has been a game changer for me. If you are already on a great path and solely looking for a master's degree it's likely a waste of money. If you are looking to pivot within real estate, or looking to break into real estate it CAN be incredibly useful if you (especially if you want to work in NYC):
A. Do internships in what you want to do. It's an absolute must. The degree alone will not get you a job unless you've had previous experience.
B. Network. Not just in class, but beyond. You have 1-2 years to use the "student card" to reach out to connect and learn more about the industry. Once you graduate, nobody will give you the time of day.
C. Be a leader in class. Don't be a know-it-all, but be someone who participates, asks good questions, and pays attention. Your colleagues will notice, and when you are looking for an internship at their company or a job after school, they will be the ones to vouch for you. It happened to me twice.
The best parts of the program are the flexibility. I don't believe any of the other programs offer the ability to switch between part time and full time. With lots of part time students working in the industry, its very easy to start full time, meet a classmate or get a job offer and then transition to part time to complete the degree. In my opinion the Columbia program is useless in that it's too rushed and doesn't give you good opportunities to get internships if you are doing a career pivot.
I think for a go getter and someone who is willing to put in the work (like any master's program) the possibilities are endless.
Thank you for the Info.
Does the university offer any kind of scholarships? (I have to mention that if I apply I’ll be considered as an international student)
You're a big boy, you can figure that out.
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