NYU Shack MSRE Program

Currently a 2nd yr analyst on an investment sales team (CBRE, JLL Newmark, C&W) that focuses on Tri-State area industrial/multi/office/life science/storage. Went to a non-target SEC school and graduated with a 3.6 from their honors program. I'm looking to break into the buy-side (preferably acquisitions) and heavily considering NYU's Shack MSRE to sharpen up technically and expand my network.

Tuition will be covered, will probably go full-time if accepted and bang it out ASAP.

This sound worth it?

 

I went there and was a game changer for me, but I was transitioning from the leasing side to the acquisitions side and knew nothing regarding investments. You may have an easier time transitioning to acquisitions without it but its up to you. A really solid MBA that has some sort of real estate path is a great move too if you can go full time and get into a good program. If you do the MSRE you have to do internships in acquisitions. Just having a masters degree won't get you anywhere, its the connections and the internships that do. Saw a lot of my classmates go part time or just never did internships and they never made any real transition or progress afterwards. 

 

Finishing up the program now and second this. You need an internship and at solid shops to land somewhere after. On FT you probably can't do both, I recommend part time 2-3 classes a semester you can get it done in a year and a half.

You need an internship at a well known shop while in the program, so many people are applying thinking that will help them when in reality hundreds of people are going through the program what differentiates you over them with no experience. Similar, have seen a lot of people with no internships having trouble and the market is tough right now.

 

It can be one of the best investments you will ever make if: a) you are a career switcher with limited contacts in the local industry, AND; b) you do not finish the program until you have completed at least 2-3 relevant internships. This is the special sauce behind a lot of the success stories that you hear about and the Linkedin profiles demonstrating good-great career trajectories. 

 

The idea is to obtain hyper-relevant internships in the area that you want to be in before graduation so that you become a known quantity in the subject area. The program provides a unique ability to do that, given its structure.

 
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Similar to the other comment and brokerage is great but if you do NYU in a year what differentiates you from the 1-200 other candidates that are in the program (there are probably more across FT, PT, and taking 1-2 classes) besides you've underwritten some deals. It's very different from brokerage to principal side in my experience, from what you actually see and work on I mean I'm seeing in it in my current role we do so much behind the scenes across acquisitions, development, and asset management before we say hey let's talk to a broker. Or even if we do, brokers may provide comps for example but we are reviewing their work and adding our own internally to get to where we want. No offense, but so many brokers provide deals with bs expenses or don't take into account certain costs of a deal, although I will say a the big 3-4 organizations it's a lot less of that and you can have intelligent conversations on the market. From seeing both brokers are getting such a small view into the day to day, thoughts of the principal side and even looking at the various documents (ground leases, leases, loan documents, use agreements, etc).

 

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