I’ve got 4 years of CRE credit underwriting experience and I just made the jump to the equity side of things doing acquisitions and AM in a rapidly growing secondary market. My UG was a complete non-target that has no ties to my current market. I plan to stay in my current market long term and I envisioned myself doing a local MSRE part-time that is well respected locally. I figured it would be good networking given the local focus and would make my resume look a bit better if I ever needed/wanted to move to a different shop/market down the road. I’m in my mid-late twenties and the window is closing for grad school.
Despite being part-time, I would still probably have to take on a good amount of debt, 40-60k, to pay the tuition depending on scholarships. While the $ amount is significantly lower than what people are paying for MBAs and law school, an MSRE also carries less weight. I guess I could pay the debt off within 2 years given my current bonus levels but I’d also like to start saving for a house.
Is the resume arms race as real as people on here say it is? Will I regret not doing grad school ten years down the road when I’m up for senior positions? Is going into that much debt for an MSRE that isn’t top tier a waste of time/money given that I already got a job on the principal side? What’re y’alls thoughts?
What do you plan on getting from the MSRE? What are your long term plans?
I imagine it would help with local networking, provide a resume boost for when it comes time to compete for senior positions or if I want to move to a different shop/market, and help round out my knowledge base. I’ve got a finance skillset so I would want to concentrate on the CM/project delivery courses that are offered in the program.
My long term goal is development but I’m not in a huge rush. My AM responsibilities (currently majority of my work) involve helping out with a couple of historic redevelopments which I’m fascinated by. One of the acquisitions we made came with a large parking lot that we plan to develop which I’m excited for and I also enjoy the transactionary nature of acquisitions. In short, I’m open to a lot of different things in the near-term as long as I’m close to the real estate and getting paid well.
Bump, what ever came out of this, @creditcreditcredit?
Decided against it for the time being. Didn’t think it was worth the debt given I had already made the transition from lender to principal side. If I hadn’t landed the principal side job and I was still trying to get out of the bank, I would’ve definitely done it. If, in another 3-5 years, I come to the conclusion that a graduate degree will have a material impact on my future, I’ll pursue an executive MBA.
Curious how you made the jump? In a similar situation, but not looking to leave ASAP.
No secret sauce unfortunately. Applied to every principal side job that got posted in my market over the course of a couple years and finally got an offer. It took longer than I’d hoped and I had to deal with a lot of final rounds that didn’t pan out. I’ve heard stories of debt analysts getting poached by borrowers. If you’ve got some customers you think you would want to work for, bust your ass for them, ask the producer to loop you in on meetings, do anything you can to get in front of them.
LinkedIn?
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