RE MBA Decision - Wharton and Columbia
As this is my first post, I wanted to say a quick thanks to everyone on here. I have been lurking for quite a while and have found all the resources on here quite useful, so thank you.
I was admitted to Wharton and Columbia for my MBA and wanted to get your perspective on which of the programs you would recommend. I have seen some posts about Wharton vs CBS for an MBA more generally but not for a RE finance track. From a personal perspective, I would be happy at either school.
Background: I have spent the last 3.5 years working in multifamily development with my father in a good sized city (relatively speaking) in the Upper South. Since it is a lean company I've learned a lot about RE dev and gotten to help source and underwrite deals (primarily with our existing equity partner), lay out sites, design buildings, units, & amenities, manage the actual development process, plan and execute a value-add renovation, etc. etc..
Goals: After getting my MBA I want to go into a more finance oriented role within REPE in NYC and get some exposure to capital raising, the management and deployment of a fund (vs the individual assets like I have done to date) so that I can round out my skill set.
It's my understanding that Wharton is generally seen as the best / better RE MBA (barring specific geographic or personal reasons), if that is the case, is it significantly above Columbia in your mind? How significant is the advantage of Columbia's NYC location? For what it's worth, I have a small network in New York but nothing all that significant.
Being that I don't come from a traditional REPE background, but do have an understanding of the real estate business, would you see me being at a distinct disadvantage to a previous REPE guy or can I make up for most of that with a good summer internship (or two) before I start my full-time search?