I was looking around at the CCIM website and noticed that they recently created a "development" specialty track for designees. Anybody have any experience with this? Would it be worth pursuing in lieu of an MRED?
| +83 | LP coming into deal at higher land basis. How to model returns to GP? | 19 | 18h | |
| +76 | Increasing RE Industry's Cash Compensation, Collectively | 43 | 1d | |
| +73 | Major Decisions | 13 | 2d | |
| +44 | Being asked to stay behind and train my replacement | 11 | 15h | |
| +34 | Niche down to an operator or stay an allocator | 11 | 16h | |
| +24 | Breaking into CRE late 20s | 7 | 5d | |
| +23 | Thoughts on joining an early-stage REPE fund | 7 | 1d | |
| +22 | Self Storage ECRI | 9 | 4d | |
| +20 | How to get good at RE Modelling? | 18 | 18h | |
| +20 | Public Homebuilders | 7 | 14h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Just my $0.02 I do not think this could replace an MRED. Not to say it's useless, but not on the same level.
Yes and no. I am a CCIM, and currently earning my MSRE degree through Georgetown. Georgetown's program has a set of fundamental courses you have to take before electives. Right now I am in the Finance fundamentals course, and am finding that I know most of the material from earning the CCIM designation. It truly is a very high quality real estate education.
That being said, it definitely does not have the same effect on job prospects that a master's degree will. The master's degree is a little more thorough, as well. If you are an investor looking to become a highly knowledgeable real estate practitioner, I highly recommend CCIM. It's no-nonsense, and more affordable. If you are a real estate professional (and not a broker) looking to build a career, I recommend the master's degree.
Would you recommend the CCIM or other certifications prior to a MSRE?
I am also curious here.
All depends on what you want to do long-term. Designations are probably not going to help you as much as a masters degree is, unless you're trying to differentiate yourself from other job candidates who have masters degrees. Part of it is luck, too, since some employers are going to be more impressed by the master's degree than the CCIM designation and vice versa. MonopolyMoney is right about needing 3-5 years of work experience in order to get the CCIM designation, but you can get the classes out of the way in the meantime and put those on your resume.
Reiciendis in consequatur exercitationem odit molestias. Rem sit odit aut mollitia porro neque. Fuga et rerum voluptas dolorem excepturi voluptatibus exercitationem. Omnis culpa quis ab sed aut tempore aut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...