Haas MBA for RE Career Change
I’ve built my career in RX banking and have spent the last couple of years on the buyside investing in leveraged loans. It’s been a great learning experience but I’m wanting to branch out to do something more cross functional and dynamic where I’m not just sitting behind a computer screen all day. That’s led me to consider making a shift to real estate which has always interested me in the back of my mind and would allow me to leverage my current background to be more entrepreneurial. I’ve been accepted to the MBA program at Haas and would like to stay in Northern California long term to be close to family.
Pros: More Entrepreneurial, Regional Focus, and Fragmented
Cons: Pay
Does anyone have any thoughts on the real estate program at Haas?
What does comp trajectory look like? Are there any areas in particular that would be partial to my background?
$121K for an average starting salary out of an MBA seems comically low considering the cost of living. I’m not expecting to make some crazy comp figure coming out but $150K base and $30-50K as a bonus seems reasonable and is in line with what corporate finance roles pay which aren’t very lucrative. Within 5 years I’d ideally like to be at $300K all in assuming I’m promoted and able to scale responsibilities.
I understand the goal is to eventually go out on your own but I’m a little concerned the lower pay is directly at odds with having the ability to go out on your own. I don’t come from money so I’d be solely relying on my W2 income to build a base such that I could afford to do my own deals.
Post this on the RE forum, will probably get more responses
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