Nyu vs Columbia MSRED

For anyone who has been accepted into both programs, what was your work experience and GMAT/GRE score when you applied? What made you choose one school over the other? I'm considering one of these programs for next year and what to see how I stack up to others since they don't publish real admissions stats. Also, how was the job search after graduation? I'm looking specifically for development (MSRED) at NYU vs MSRED at Columbia.

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Comments (17)

Aug 22, 2017

Columbia seems to be more competitive to get in.

Aug 22, 2017

Columbia is more competitive to get into and their MSRED is more architectural/nuts and bolts compared to NYU which is still rather Finance heavy even for the Dev route. Both are great however. Columbia has an MBA in RE which is finance heavy but unless your goal is mega fund/institional type RE (BX, etc) I wouldn't spend that much on one.

Aug 23, 2017

I got into both and my stats were as follows.
4 years work experience (2 years in MGMT consulting, 2 years in RE Advisory) and GMAT 730.

I went with NYU because NYU was more finance focused.

Aug 22, 2017
Notoriety:

I got into both and my stats were as follows.
4 years work experience (2 years in MGMT consulting, 2 years in RE Advisory) and GMAT 730.

I went with NYU because NYU was more finance focused.

Are you satisfied with NYU program? FT or PT? How is the placement?

Aug 23, 2017

I am FT.
I can't comment on the program yet since the class starts on Sept. 6th. However, so far I am very satisfied with networking events they are providing even before the official semester.

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Aug 24, 2017

The common and prevailing wisdom (with pretty long tail data available via linkedin searches) especially in NYC is: NYU msre for re finance / investment positions and Columbia Msred for development work.

Aug 25, 2017

Columbia > NYU and its not even close. Columbia's name, network, and curriculum is far superior. From what I recall, NYU doesn't require a GMAT and has an 80%+ acceptance rate. I'm not taking away anything from NYU, Blackstone I believe takes in around three grads per year, but the program is known in NY circles as fairly weak and doesn't garner much respect.

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Aug 22, 2017

This is definitely not true at all. Just because it has a high acceptance rate doesn't mean it's not well respected. Just do a quick LinkedIn search for NYU Shack grads and see the quality of positions there in. Maybe not your Blackstones of the world but definitely good ones.

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Best Response
Aug 24, 2017

I very strongly disagree with you. And think that your post does a disservice to any non-nycers who might take your words as truth not being part of the local real estate ecosystem here.

The NYU program has a very strong and large internal, self-sustaining network (that reinforces itself monthly with events, intimate brown bag lunches and large conferences attended by the whose-who of the New York industry) and the finance/investment curriculum is both comprehensive (in material, years to complete, technicals and breadth of study) and practical (given that many of its professors are seasoned/well known and currently active local industry players in the top firms and teach the skills and mindset that they want in their associates/vps/partners to possess). Many students use the program as a one two punch where they gain practical finance skills while stacking up 3-4 brand name internships and exit being a known and hirable quantity.

Columbia has actually keyed off of the NYU program to build out its own (from curriculum to staff: a quick look around their site shows - Patrice Derrington, Columbia MSRED director, spent three years teaching at NYU, Josh Kahr who got his Finance MSRE from NYU, and is a vocal fan of the program, and essentially built columbia's re finance classes from the ground up (his columbia classes are avail for free on itunes). Professor Johnny Din, also another big NYU fan, did 3 years teaching at NYU and holds a NYU Hotelier Business Operation Certification*).

To bootstrap on your Blackstone point, Blackrock sponsors (that is to say flips the entire bill) for many of its top/high value investment people (those that show up day after day giving it their all for years - most with impressive credentials already) at the NYU program when they make the transition from ~associate to ~vp level. The NYU RE network dwarfs the Columbia MSRED network by many a factor (in depth and breadth given it has both a finance arm and a development arm - both of which are self-contained in the program itself, and students from both tracks mix academically and socially). The Advisory Board is a veritable roster of the top owners of every real estate firm in the City. ,I don't think that the Columbia at-large network (MBA, BS/BA) is -as- open to MSRED alumni as your comment implies given that acceptance percentages and overall qualification stats (GPA, test scores) are vastly lower for the MSRED compared to the undergrad and MBA (thus the program red-headed stepchild moniker frequently bandied about, justly or unjustly, on several venues, and members of those schools may not see MSRED as kindred alumni given this disparity). The significant (from/oft returning to) overseas student body also does not support the extremely local business that is real estate, especially in bigger cities like NYC. Not to be hyperbolic, but you can throw a rock in any random NYU MSRE classroom and hit a NYC RE lifer who is inheriting a substantial New York commercial real estate portfolio (you can do your own math here) or someone who is already working in a NY firm that most MBA/MSRE~D grads would like to gain entry to post-grad. The networking and career effects of this only-in-nyc dynamic cannot be over-spoken. Further, a linkedin review shows a disproportionate number of successful re company creators coming out of the NYU program. Companies like RXR are par, typical for that course.

In the end, you get a real estate master's to gain actionable and practical skills and a network that can grow (and be reinforced monthly/yearly) as your career expands. You also get it to show to any 3rd parties (investors, partners, financiers, future employers) that you are serious about your real estate career and investment - and are in the business for the long haul. You don't get a real estate master's to hang on your wall (or linkedin page) as proxy for intelligence or any "elite-ness". And on that level, the only one that remotely qualifies in the U.S. would be the MIT development program and even that single year program is not in the same realm of getting in and out of a top US medical/law school and is more loosely akin to a top (albeit not elite - H/S/W) level MBA.

==========================

*https://www.kahrrealestate.com/core-team/ https://www.arch.columbia.edu/faculty/188-patrice-...
https://www.linkedin.com/in/johnnydin/

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Oct 2, 2017

The Columbia MSRED is by far the best program in the country. NYU's program is more of a night school type program that pretty much anyone can get into and do part time for several years. Columbia is much better on every level including: curriculum breadth and depth, class composition, industry leaders teach the classes, best alumni network and job prospects, best brand in the city. The NYU program is more of a community college type of program.

Columbia MSRED vs NYU = day vs night comparison.

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Oct 3, 2017

For someone with no development experience trying to transition into the business, I'm leaning more towards NYU MSRED as I can get internships and real work experience to add to my resume while still attending school. I'm hoping this helps boost my resume as I know firms prefer to hire more experienced people so there is less of a learning curve. Even if I could get into Columbia, I don't know if just the degree alone is enough to open doors with less experience.

Oct 3, 2017
bobbigboy:

The Columbia MSRED is by far the best program in the country.

Bit of an overstatement there with MIT, Cornell, USC, etc...

It's a good program, don't get me wrong.

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Oct 3, 2017

I don't mean to derail but I'm considering this new 1 year program for ~$48k and would like to know people's thoughts.

Obviously I would prefer NYU or Columbia but I don't have the time or money for those programs. I'm already in the industry and would mainly be interested in an MSRE for networking and to throw on the resume for when I leave NYC. Thoughts appreciated.

Fordham MSRE

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Oct 3, 2017

You say "for when I leave NYC" - do you have a place in mind?

Going to grad school in a new area is a great reason to move there and it often ties you in better with both the market and the network.

Say you want to move to Los Angeles. Going to USC now is a much better option than going to Fordham and doing cross country flights to try and get a LA job with zero network out there and no connections to the area.

Oct 3, 2017

Good point. I guess take that part out of the equation for now - what are your thoughts on spending ~$50k for a one year program that is brand new if I'm already in the industry and content with my job? It's significantly cheaper than NYU or Columbia, but is it still very overvalued for potential networking and a resume item? I appreciate the response.