I am currently working on figuring out my finances and how attending the Columbia MSRED program plays into it all. There isn't much data out there in terms of positions and salary/compensation for post-MSRED.
Any information regarding positions and salary/compensation (especially post Columbia) that could be provided would be helpful to anyone considering attending!
Interested as well.
Interested.
https://baker.realestate.cornell.edu/your-career/documents/baker-pre-po…</a">This is for Cornell's MSRE program and could be a starting point for you. I've been looking into this recently and haven't found much better specific data on any MSRE program's website.
That mean development bonus seems pretty high
NYC placement will do that to a data set.
That said, their numbers in general are weird. Dev gets $80K bonus but Acq get $27? I would have predicted almost literally the opposite. I didn't get a goddamn $80k bonus, that's for sure.
USC has some data here.
http://priceschool.usc.edu/files/2018/03/USC-Price.Real-Estate-Employme…</a">Employment Report
Depends entirely on your previous experience as well.
As said above, some come in after graduation as Analysts and some as Associates or higher if you've already had RE experience. If you had zero RE experience, but worked in say Corp Fin for a couple of years, you can probably easily go into say an AM Associate gig. For Development, I would say you would come in as an Analyst/Assistant PM/etc unless you had relevant experience already.
I love the idea of getting my MRED, and have been particularly interested in USC's program, but posts like this and post grad salary data make it tough to consider. Working at a family office in a semi-unique situation, my take home is already very comparable to Price's employment report. Lower, for sure, but not by much.
I know that the MRED will ultimately lead to a higher trajectory and pay dividends, but in the immediate, it would suck to spend a year not making money just to pop out and make essentially the same as what I was before (but with another student loan payment).
Ultimately it will be the ancillary benefits of the program that will convince me to go forward, but I wish it was more exciting in the immediate economic sense.
Do any MSRE(D) grads have any insight as to what it’s like competing with MBA students for associate level jobs? Were you passed up for MBA students? Was on-campus recruiting segregated at all (ie only MBA students had access to certain events/employers)? Did you have to explain why you chose one degree over the other? Did any employer like that you went the MS route rather than the MBA route?
MBA grads have the benefit of a far more structured OCI program. My intern class was 80% MBA students and I competed with MBA students for jobs.
Oddly enough, even though I always say I have a MRED, I either get described to others by my bosses as "having a MBA" or "having a real estate MBA" because that generation doesn't know the difference and doesn't particularly care.
My experience has been the same, even with mid level associate type people - everybody refers to MSRED grads as having “gone to business school” or “having MBAs”
I have also had the same experience. My firm tells our clients that we hire out of business school from school X and school Y (even though we all have MSRE or MSRED degrees).
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