What MSREs (or MBAs with RE Focus) coming straight out of undergrad?
Currently a Sophomore at a non-target studying RE + Finance - I want to get a REPE Acquisitions role.
Currently a Sophomore at a non-target studying RE + Finance - I want to get a REPE Acquisitions role.
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Go work first.
Working at a large brokerage as an analyst -> REPE Acquisitions is a common path,
If that fails then get an MSRE (NYU does not require w/e) after your analyst stint and you'll be as qualified as you can be.
Even if you were to get a MS straight out of college I'd recommend you get a MS in Finance from a target university as opposed to the MSRE. Why anyone would ever spend that much money to get a Masters in real estate is beyond me.
A) Every door open to a MSRE grad would be open to a MSF grad, assuming they each had no work experience and went to the same caliber school. B) Every door open to a MSF grad would not be open to a MSRE grad, as management consulting firms & corp finance recruiters aren't going to be hiring MSRE guys. C) RE finance is WAY easier to break into from a non-target than IB or Management Consulting. You really don't need to get an advanced degree to get a good gig. D) RE doesn't pay well enough to justify a masters degree when you're in your early 20s.
You don’t seem to know how well some RE firms pay. Top REPE/ Development firms pay $200k+ right out of top programs. Also the point of RE is to be able to do your own thing.
Related & Blackstone are recruiting from Wharton/McIntire and Morgan Stanley more than they're recruiting from MSRE programs.
Also, you can't compare the top 1% of RE companies to the middle of the bell curve for corporate finance. If we're talking the top 1% of bankers or Corp PE guys, they're still pulling in more than the guys at related. I took a pretty noticeable haircut to work in RE initially and still make less than I would in IB. If the extra $50K was important to me, I wouldn't have chosen real estate as a career. I love the work and the hours are way better so I don't regret it, but I still wouldn't advise someone to get a grad degree that specific directly out of UG. That's not a knock on Real Estate, I just don't see why OP wouldn't get a MSF and keep all options open.
Does anyone have any exposure to the MSRE at UF? It looks to be pretty strong but I haven't heard about it much on this forum..
No direct experience but I have heard they place pretty well in Atlanta, Miami, Jacksonville etc. Have heard some of their grads go on to get gigs at Eastdil and comparable firms.
The gator brand is strong so I think with networking you would be fine.
Thank you!
They place excellently in the Tampa/St. Pete area as well.
Thanks!
Just note this form mostly (not always) caters to NY and sometimes LA/ SF. Just more people in those cities, more jobs, etc. I've seen a few Related people on LinkedIn who came out of that program. I know Related has different companies within itself, I am referring to the one run by Jorge Perez.
Thanks!
I do not have direct knowledge of that program but I would recommend finding an MSRE in the particular city you'd like to end up in. I suspect Gainsville is not that city.
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