Booth vs. Stern vs. Haas
Any input on Booth vs. Stern vs. Haas for Real Estate PE?
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Want the real answer? wait to see if Haas comes through. No need to worry about what ifs now. Prepare for your Stern interview and you Booth interview as if those are your only options.
As for real estate PE in the Bay Area, the best way in is through real estate, not venture capital. Which means Stern and Booth would be fine.
I've lived here in the Bay Area since 1998 and have seen a lot of ups and downs. I also own property -- so I have a dog in that fight. If you want to be in real estate out here, cut your teeth doing financial deals. That's the name of the game.
You might also note that a lot of deals that are done here are actually worked on by people back in New York. Take a look at the LinkedIn profiles of people working for Blackstone Real Estate PE, and you'll see that most people are not based here.
I work in a different sector but in general I'd pick booth over Stern, assume all else equal.
You're right about Booth funneling a lot of people into Consulting (I'd say IB a little less so) but I do think there's also that "herd mentality" that happens at elite bschools. Note that Stern places really heavily into IB. I've also heard that Stern takes a majority of the people they interview, so congrats for the invitation and good luck!
If it were me, given the choice between Stern/Booth, I'd almost always go with Booth. M7 (and ranks much better than Stern), better standard of living than in NYC (rent is less and Boothies live in DT Chicago in new buildings). Don't know how much of a prestige whore you are but Booth/Kellogg are undisputed schools in Midwest, whereas if you are at Stern, you can't really say that you're at the best school in NY/Northeast.
There's no wrong answer, just some thoughts to think about.
What is your background? REPE is a bit different than traditional PE but a lot of your success is still going to be determined by your Pre-MBA background. I agree with Betsy Massar that you're getting ahead of yourself here either way - wait and see how the decisions go before playing this game.
Started in comm. real estate brokerage for a real small shop in Q4 '08, switched gears and went public accounting for 2 years (audit) and have worked for a real estate developer/owner/operator in a cost and financial accounting role for 3 years, but don't see much growth or a move out of my role there. Accounting is boring - but I've learned a lot. Time to get on the underwriting side of things.
Wait... You have an interview with Stern? The deadline was Thursday. Did you hear yesterday? If so, that is insane.
nice catch on the Stern interview.
If true, I think we all want to know about it.
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