Non-Target -> MSRE

Shkreli4Prez97's picture
Rank: Chimp | banana points 12

Hi all,

I've been an avid reader of WSO for easily 2 or 3 years now. With that said, I haven't posted before as I can generally find whatever info I am seeking by looking at previously posted threads etc. I have a more specific question that I'd love some help with.

I go to UMass and am coming up on graduation. I'll likely graduate early next year, but I'm in no rush to end my college experience early. UMass places ~fine~ at CRE firms in Boston and I have been networking with guys at Cushman & Wakefield etc. After chatting to a lot of them, I really would like to work in REPE rather than brokerage, and would love to get an acquisitions role.

With that said, I have been putting a lot of thought into doing an MSRE after graduation. I moved here from Ireland in my junior year of HS, so I'm looking at LSE in the UK as well as NYU and Gtown. I have read a lot of posts that say the sweet spot for maximizing the value of an MSRE is about 2.5 years, but I sort of want to expedite my way into CRE by way of the masters.

I have a 3.65 GPA in an Econ major. I have tech internship experience as well as residential brokerage internship experience. I have some strong extracurriculars in volunteering for my local church, and hold a leadership position at my fraternity.

I'd love to know if:

A. You guys think doing an MSRE after graduation is feasible, and an agreeable move to become an acquisitions analyst

B. If my stats would even get me in the door at NYU/GTown without industry experience

I also saw Fordham has an MSRE now, anyone know about this?

Thanks for any info in advance, if you're in Boston I'd take you out for a Guinness and a networking chat!

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Comments (13)

Jan 8, 2019

Hi Shkreli4Prez97, just because I'm a bot doesn't mean I don't have feelings...I'm hoping these links are helpful. If not, feel free to throw monkey shit at me...

  • Chances for top MSF programs-Good GMAT from Non-target research intern at a global commercial real estate firm chances b-school ... Could anyone tell me my chances to get in top MSF programs? I'm considering the Master of Financial ... Economics program at Columbia, in quantitative finance at Fordham, MSF at MIT. For some personal reason ...
  • Senior at a Non-Target leverage to get that position? commercial real estate Real Estate beginner noob RE CRE AM PM Realty ... Summer and I am having a hard time. I'm interested in CRE finance, but studying Real Estate ... from a non-target, and I am not getting many responses to applications. I graduate in December 2018 ...
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  • How I landed my PE position in China, non-target, low gpa, no exp http://www.razume.com/documents/19475 (non-target. my school is actually UNACCREDITED. without giving away too much, it's ... This is written as a post of encouragement rather than specifically targeting IB or PE ... a "credible" non-accredited school that'll be accredited soon. but most importantly, it has ZERO alumni ...
  • For front office BB IBD, S&T, ET: Non-target UG + Top MSc/MFin/MFE etc., > Target UG? serious advice is appreciated. non-target MSc masters mfin MFE ... to a top graduate program with high placement rates (Princeton MFin) at companies I want to work for. ... I be better suited to transfer to a target school as a junior next fall, incur debt, and graduate in ...
  • What's recruiting like at a Target vs. a Non-Target? motivation/realism. As an undergrad at a non-target, I've learned that it's pretty damn hard to get even an ... easier it is at a target school. Career services at my school regarding IBD are entirely non-existent and ... I'm in the process of finishing up some essays for R2 applications to the top Master ...
  • AMA: From non-target to BB S&T internship to jobless after graduation to HF to unemployed...but happy. finance nerd) Non-target / Manifest destiny Due to the recession my college selection was limited to ... the metro-area I was in, it was VERY non-target for finance positions in NYC. That didn't really ... between 80 and 100 internships across the U.S., at commercial banks, insurance co, investment banks, real ...
  • MSRE">More suggestions...

You're welcome.

Most Helpful
Jan 11, 2019

As someone who started in acquisitions right out of college (in college as an intern, actually), and a government major, I will say this. Being "target" or "non-target" is only as important as you make it. Sure, schools have reputations and people want to funnel and support what they know, but the most important thing is your persistence, willingness to adapt and learn and networking.

Going to grad school right out of college just to become an acquisitions guy at a REPE firm, in lieu of a generalist role where you will be exposed to so many facets of the industry you probably didn't know exist, will probably leave you dissatisfied in the long run. I ended up jumping around from brokerage to acquisitions to now development, and I never once saw any of the changes coming 6 months prior.

Additionally, being in the workforce as an analyst and getting that experience has truly made me understand why it makes more sense to wait on grad school (even if it's specialist) until you have 3-4 years getting real experience. You'll be able to parlay that knowledge you get and take it back to school and then be that much better off for it.

My two cents.

Jan 11, 2019

totally agree - +1.

Would like to emphasize the target/non-target comment - it really doesn't matter much. If you're at a non-target you probably wont end up at BX, Starwood, or Carlyle. But you can for sure get a solid acquisitions gig. I went to a school nobody has ever heard of and got in acquisitions at a PERE 50 firm out of undergrad. Network, network, and network some more

    • 2
Jan 11, 2019

Do you mind sharing your story? Very interested as a senior at a state school that wants to get into acquisitions eventually.

Jan 11, 2019

Ditto - interested as well REmonkey7

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Jan 11, 2019

pm me

Jan 12, 2019

Hey REMonkey,

Thanks for your insight. Did you just network your way into acquisitions or did you have prior CRE experience. As I'm approaching graduation I'm worried that my lack of internship experience in CRE will play against me

Jan 12, 2019

I had 3 internships, last one i got the return offer

Jan 13, 2019

Ah I see, cheers for that info. 3 CRE internships is certainly impressive as an undergrad, how did you manage to snag those?

Jan 12, 2019
Shkreli4Prez97:

A. You guys think doing an MSRE after graduation is feasible, and an agreeable move to become an acquisitions analyst

Do yourself a favor and work for at least a year before starting grad school. You will come in with much more knowledge and come out with a better job

Jan 12, 2019

Hey CRE,

Firstly, thanks for your contributions on this real estate forum. I was initially interested in brokerage when I looked into CRE, and I read your "day in the life" posts that were hugely insightful. You're making an impact on readers that may not even have an account yet!

Do you really think having a year of non-related CRE work will still make a difference?

Jan 12, 2019

Which market are you hoping to end up in?

I'm studying in Ireland, been told Reading MSRE is the best bet. Places very well in European REPE as well as the brokerages and other RE finance roles. Not sure how it would be perceived in the states though.

Jan 12, 2019