Entry-Level Job or Masters From NYU?
Hi Guys,
I will be graduating from Rutgers University this December and want to pursue a career in real estate development, particularly in New York City. Although I have pretty decent experience in real estate sales and development while I was in college, I am finding it hard to get traction on possible real estate development related jobs and am afraid I wont be able to secure anything for a number of months. However, I was also recently accepted to attend the NYU masters in real estate development program.
My dilemma is in deciding whether I should put off NYU in order to search for a decent development job, or put off getting a job to pursue the masters. Although I know my prospects will greatly open up with a masters degree, I am also worried about going in debt. At the same time I am extremely anxious to start working and getting my feet wet, but realize some of the positions I want I may be under qualified for. What should I do? Would love to hear any and all input on this.
You must be aware of where we are in the cycle at the moment and how that impacts hiring on the development side. I find that you will get the most out of the program once you have some real experience under your belt. I would open up your options to careers path as you may be able to transition over to the dev. side when the opportunity comes along. Ive seen Debt/Equity/lending guys go over to the dev side after a year or two of exp.
Although I have real estate experience I did not major in finance, construction or architecture so it is hard for me to choose a career path the will eventually lead me back into RE development.
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