Does Georgetown Masters offer better ROI than other RE masters programs? Tuition comparisons

5 million's picture
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Georgetown's tuition is substantially lower than other programs. Obviously, there are far more factors in ROI calculations other than just tuition cost, but Georgetown looks a solid option, if you want to work in DC area. You could intern part time during masters, land FT and then finish degree while you work FT.

Tuition only:
Georgetown (part time, flexible, 33 units) - 42k
NYU (part time, flexible, 44 units) - variable depending on what load you take, 68k if you take full load (12 units), 80-85k if you take less than full load
Columbia (full time, 1 year) - 79k
MIT (Full time, 1 year, but can extend to 1.5 years) - 74K
USC (Full time - 1 year, part time - 2 years) - 83k
Cornell (Full time - 2 years) - 104k
John Hopkins (Full time - 1 year, part time - 2 years, 36 credits) - 64k full time, 46k part time

Comments (29)

Best Response
Mar 1, 2017

IMO, the opportunity cost of enrolling in a full time program adds another $80-150K+ to whatever your tuition basis is, plus lost experience for that year (not easily quantifiable). A major benefit of Georgetown is that it is a highly reputable name/competitive with all of the other programs you listed (probably not #1), but allows students to continue working/getting deal reps/whatever during that time period. Look at your list--NYU is one of the only other programs that offers this flexibility. For me that was a huge part of a personal ROI analysis.

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Mar 1, 2017

I have never really gotten a clear picture of what opportunities are available to students leaving the programs. I suspect they are not fielding multiple six figure offers after graduation. Given how local and unstructured RE is it seems like a waste of time and money to get a masters if you are already in the industry. Just my two cents.

Mar 1, 2017

People already in the industry who are getting it are getting it as part of a larger credentials "arms race." You get it because the next guy is getting it. Classic case of a credential creating artificial demand.

I do agree that I don't have a clear picture of what non-industry people are doing with the credential, but as a Gtown student and a person in the business, the low cost and almost no opportunity cost make it a good insurance policy.

Mar 1, 2017

Do you think it positions you for a promotion over your peers or adds credibility to go out on your own? I think in my market I would come out behind. $80k is relatively cheap but that is still a lot of money and enough to throw into a good sized deal as a sponsor.

Mar 2, 2017

Break into the industry? Although in my case that happened due to a connection I made in the program and not because of the degree itself.

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Mar 1, 2017

Currently an Associate at a decent sized firm and thinking about doing the online Georgetown program. Current location is a major 2nd tier market which doesn't have any part-time real estate programs.

What are everyone's thoughts on the online program and whether it's worth $40K for the Georgetown name in 10 years when I'm up for the SVP / Exec positions or out raising money?

Mar 1, 2017

I think for $40k, part-time, it's worth it. If it were $80k I'd say no, especially $80k and full-time.

Mar 1, 2017

Is it the same materials / professors? I'm not super excited about the lack of electives, but they do offer some good classes.

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Mar 2, 2017

I'd say not picking Georgetown, because of its DC location and part time nature, was an error for me, for what it's worth. My program is perfectly fine and I'm happy with the connections I made, but in hindsight, the lost income hurts way more than whatever I saved on cost of living.

As @Virginia Tech 4ever" said, the Master of Real Estate degree is part of the real estate arms race. When hundreds, and even thousands, of people are applying for every analyst opening and storming every executive's email account, the more ways you stand out, the better. Once you're on the job performance is all that matters, but getting there isn't an easy route.

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Mar 2, 2017

MSREs are so yesterday. For analyst positions, I only want to see resumes that list a real estate PhD

Mar 21, 2017

I'm interested in Gtown as well...how would my chances be as someone who was in CRE banking for 1-2 years, left and went to another industry (less than 1 year so far), and uses the masters to get back in CRE? Mulling over my options and if this is feasible. I want to break into development and already live in the DC suburbs.

Mar 21, 2017

Texas A&M MSRE is like 20k per year for nonresidents and 10k per year for residents. Idk why it isn't on this list but I would almost guarantee it offers the best ROI of all these schools.

    • 3
Mar 1, 2017

Wow, that is a crazy price--$10,000. Frankly, that price point makes sense when I think about it though. At Gtown, for example, their professional master's program building was donated; if professors are paid it is some nominal sum (they are mostly adjunct former or current professionals); and the main program cost is administration, which, to Gtown's credit, seems incredibly small. I think these real estate programs are gouging people on price, using these programs as cash cows for the universities.

Mar 21, 2017

38k for non-residents for three semesters
22k for residents for three semesters

Mar 21, 2017

that sounds high, I thought it would be more 30k/ 15k. Still a great deal though.

May 9, 2018

I want to revive this thread to hear how its going for some of you. @5 million @littleflipper @RealEstateOff did you enroll? If so, which program did you pick and what do you think of it so far? @LifeCoMoney How far along are you now in the Gtown online program? How has it impacted your career prospects?

May 11, 2018

Georgia Tech has a ms that's under 30k all in. Can do evening classes for a year while working atleast part time. If you network the right way can have huge ROI in ATL

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May 9, 2018

Monday bump.

    • 1
Aug 22, 2018

I'm currently enrolled in the Georgetown program (graduating spring 2019) purely for reasons mentioned previously - not to be disqualified when competing against other applicants, but the program on my resume is not a game changer in itself. An arms race, exactly. Guy next to me is tacking it on there so I might as well too. FYI I've done the majority of the program in-person but have taken two online classes as well.

I went to a top 15 undergraduate university that I still rep over Georgetown but I got sick of people asking me where else when I went to school...basically like, "Yes, Northwestern undergrad." And then they'd be like "and then where'd you go..." so now I'm like.. "Georgetown.."

I looked at the price of the program and the flexibility and felt like it was a no-brainer. That being said, having experienced a legitimate 'higher education' experience, this doesn't exactly cut it. This is a pure revenue-driver for Georgetown and the applicant pool who is accepted reflects it. Don't get me wrong, there are people in the program with 5 years of real RE experience who don't have to get MBAs to hit the next compensation level but there are also some complete jokers who can barely spell real estate. Come across them in a group project and you'll see what I mean quickly.

All in all, depends what you're looking for. Want to add Georgetown to your resume for ~$40-50k? This is the program for you. If you're looking for something a little more substantive, perhaps consider other programs first mentioned on this thread.

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Mar 1, 2017
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Aug 22, 2018
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