NYU Real Estate Certificate - Thoughts?

Has anyone completed the real estate online certificate through NYU? If so, would you recommend it to someone who has been in real estate for over a year?

 
RK-M3:

I'm also interested in this. I was wondering if the certificate in real estate finance and investment would help on a resume for someone trying to move over from audit to REIB/REPE by showing interest in RE and some basic relevant skills.

I doubt it, but who knows with employers

Commercial Real Estate Developer
 
Best Response

I'm interested, as well, but moreso in the graduate certificate program than in the non-credit options. See website here:

http://www.scps.nyu.edu/academics/departments/schack/academic-offerings…

As someone already in the industry(brokerage) and post MBA, is it worth my time/money/effort vs MSRE. I figure I've got a large part of the MSRE since I don't need the finance/econ classes associated, so the certificate would be effectively the same, minus the network. Plus I don't have to quit my job and move to NYC and can do it online.

To answer @"CREInvestor"s original question, I'd say it depends. You say you're in real estate, but doing what? What is your eventual goal, and would you be competitive for a full time MSRED at NYU/MIT/Columbia/etc? If your goal is something like REPE, then I'd say the online cert is probably a waste of time and you should look to a real program. If your goal is to start your own shop, well, I don't have any expertise there so I'll leave that alone. Need to know more about your experience and goals to know if it would be worthwhile for you.

My personal goal is to use my skills and contacts from brokerage to pivot into development eventually, but I need more time, overall deal exposure, and contacts with big pockets that are willing to work with me. So a program like this would help me to speak the right language with said contacts and maybe reduce some of the ass kicking I'm sure to take when I eventually try to take the leap, which is why I'm planning on starting it in September. I'm also a nerd for education and if I go, my wife and I will finally have attended the same school at some point between our collection of degrees(between the two of us, going on 6, woohoo).

 

With regard to being competitive for Columbia's MSRED program - what is competitive? I can't find any admissions info but I did apply and am wondering whether I have the stats to be admitted. I had a 3.6 undergrad GPA from a top school, 3.9 grad school GPA in another masters program, and 730 GMAT.

 
hamilton714:

With regard to being competitive for Columbia's MSRED program - what is competitive? I can't find any admissions info but I did apply and am wondering whether I have the stats to be admitted. I had a 3.6 undergrad GPA from a top school, 3.9 grad school GPA in another masters program, and 730 GMAT.

You're more or less a shoo-in. MSRED programs are unranked, and as such, have admissions requirements that are ACTUALLY holistic. Add to that the fact that they'r relatively new so there is less demand for admissions, and there you have it. My buddy got into a comparable program to Columbia's with a 3.5 550. He had good work experience and made a good impression. shrug

Commercial Real Estate Developer
 
CREInvestor:

Thanks for the input. I am currently at a small REPE/development shop. I've been there for almost two years and am looking forward to staying there in the near future. My thinking was to pursue the NYU certification program to learn more about certain subjects and if I decide to start my own shop I would probably pursue an MBA/MSRED before I do.

I think that certificate is garbage. There is so much free knowledge out there these days (MOOCs and whatnot) that you don't need to pay just to take classes and gain information. I would definitely lean more toward a MRED or a MBA

Commercial Real Estate Developer
 

I'm considering going for the certificate. If you get over a 3.0 you're automatically in the master's program. Also the certificate is 40-45% of the overall degree.

Not a bad deal IMO.

EDIT:

Sorry, didn't realize we were talking about the regular certificate (Didn't know this even existed). I thought we were talking about the Graduate Certificate program.

After looking at the cost of the regular certificate program it doesn't jump at me as being valuable.

 

I would think that as a professional development experience some of the regular certificate classes may be useful, ie taking a development course while contemplating a career shift from analysis or something. But as far as a whole certificate, probably not worth it.

I wasn't aware of the 3.0 gpa auto admit to the MSRE though, that's awesome.

 
BRE:

I'm considering going for the certificate. If you get over a 3.0 you're automatically in the master's program. Also the certificate is 40-45% of the overall degree.

Not a bad deal IMO.

EDIT:

Sorry, didn't realize we were talking about the regular certificate (Didn't know this even existed). I thought we were talking about the Graduate Certificate program.

After looking at the cost of the regular certificate program it doesn't jump at me as being valuable.

So this doesn't grant admissions into the Master's program?

 
okay24:
BRE:

I'm considering going for the certificate. If you get over a 3.0 you're automatically in the master's program. Also the certificate is 40-45% of the overall degree.

Not a bad deal IMO.

EDIT:

Sorry, didn't realize we were talking about the regular certificate (Didn't know this even existed). I thought we were talking about the Graduate Certificate program.

After looking at the cost of the regular certificate program it doesn't jump at me as being valuable.

So this doesn't grant admissions into the Master's program?

The certificate linked in the second post DOES NOT (the $4,550 one, different classes than MSRED). The Graduate Certificate in Real Estate does (same classes as MSRED).

 

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