Which RE modeling program is for me?

Landed a gig in development. Doing a fair amount of modeling/underwriting.

Excel skills are decent. I understand equity research in theory through the CFA program in which I’m a candidate. I’ve never worked IB so the modeling skills lag.

I want to EXCEL in my current role and set myself up for my next gig, ideally REPE. I’m craving the finance side of things.

For me, development was always something I wanted to learn, but it won’t be my career. I view this as a way to get exposure to the construction side. Pursuing the CFA is going to get me through the finance side.

I purchased WSP, did some, but got tied up with grad + Level 2. I didn’t, however, purchase the RE pack. So now is my chance to get something RE dedicated.

Thanks in advance for any input!

4 Comments
 
Most Helpful

BIWS is best, or just use adventures in CRE. I generally like ACRE models the best, they have blank templates you can rebuild with a tutorial as well. Im trying to get better at modeling now too (1st year analyst) and will just go through and build out an adventures in CRE model if I have some down time at work.

Personally, would not recommend REFM. I hate the way they build their models, make it very hard to follow

 

I agree with Adventures in CRE. I've used a couple different programs. ACRE + Linneman's textbook (depending on your knowledge base of RE Finance and Development modeling) is a great combo.

“The three most harmful addictions are heroin, carbohydrates, and a monthly salary.” - Nassim Taleb
 

how much of a finance base did you need for linneman? I know they have supplemental chapters but didn't know how much they helped.

 

Commodi harum veniam et rerum voluptatibus vero accusamus. Voluptates quia magnam iusto voluptates et.

“The three most harmful addictions are heroin, carbohydrates, and a monthly salary.” - Nassim Taleb

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
DrApeman's picture
DrApeman
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
CompBanker's picture
CompBanker
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”