Post MSRED Positions/Salary

nycred's picture
Rank: Monkey | banana points 42

I am currently working on figuring out my finances and how attending the Columbia MSRED program plays into it all. There isn't much data out there in terms of positions and salary/compensation for post-MSRED.

Any information regarding positions and salary/compensation (especially post Columbia) that could be provided would be helpful to anyone considering attending!

Comments (15)

Mar 12, 2018

Interested as well.

    • 1
Mar 12, 2018

Interested.

Mar 12, 2018

This is for Cornell's MSRE program and could be a starting point for you. I've been looking into this recently and haven't found much better specific data on any MSRE program's website.

    • 1
Mar 12, 2018

That mean development bonus seems pretty high

Mar 21, 2018
Stoo:

That mean development bonus seems pretty high

NYC placement will do that to a data set.

That said, their numbers in general are weird. Dev gets $80K bonus but Acq get $27? I would have predicted almost literally the opposite. I didn't get a goddamn $80k bonus, that's for sure.

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Best Response
Mar 12, 2018

USC has some data here.

Employment Report

    • 3
Mar 12, 2018

Depends entirely on your previous experience as well.

As said above, some come in after graduation as Analysts and some as Associates or higher if you've already had RE experience. If you had zero RE experience, but worked in say Corp Fin for a couple of years, you can probably easily go into say an AM Associate gig. For Development, I would say you would come in as an Analyst/Assistant PM/etc unless you had relevant experience already.

Mar 22, 2018

I love the idea of getting my MRED, and have been particularly interested in USC's program, but posts like this and post grad salary data make it tough to consider. Working at a family office in a semi-unique situation, my take home is already very comparable to Price's employment report. Lower, for sure, but not by much.

I know that the MRED will ultimately lead to a higher trajectory and pay dividends, but in the immediate, it would suck to spend a year not making money just to pop out and make essentially the same as what I was before (but with another student loan payment).

Ultimately it will be the ancillary benefits of the program that will convince me to go forward, but I wish it was more exciting in the immediate economic sense.

Mar 23, 2018

My plan was to wait until the market turns hard and we all get shitcanned then spend a year or two getting my MSRE or MBA to wait things out until firms start hiring more again. IMO for a general AM or Acquisitions job it doesn't make a lot of sense to get an MSRE until you're stuck in a position where you want to move vertically (up), or laterally (into a bigger shop/new position/etc.) but find yourself stuck. As long as you're on a steady path from Analyst/Associate/VP at a good firm it really doesn't seem like it makes a lot of economic sense. There's so many VPs and above in RE that don't have any advanced degrees.

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Mar 23, 2018

Do any MSRE(D) grads have any insight as to what it's like competing with MBA students for associate level jobs? Were you passed up for MBA students? Was on-campus recruiting segregated at all (ie only MBA students had access to certain events/employers)? Did you have to explain why you chose one degree over the other? Did any employer like that you went the MS route rather than the MBA route?

    • 1
Mar 21, 2018
creditcreditcredit:

Do any MSRE(D) grads have any insight as to what it's like competing with MBA students for associate level jobs? Were you passed up for MBA students? Was on-campus recruiting segregated at all (ie only MBA students had access to certain events/employers)? Did you have to explain why you chose one degree over the other? Did any employer like that you went the MS route rather than the MBA route?

MBA grads have the benefit of a far more structured OCI program. My intern class was 80% MBA students and I competed with MBA students for jobs.

Oddly enough, even though I always say I have a MRED, I either get described to others by my bosses as "having a MBA" or "having a real estate MBA" because that generation doesn't know the difference and doesn't particularly care.

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Mar 23, 2018

My experience has been the same, even with mid level associate type people - everybody refers to MSRED grads as having "gone to business school" or "having MBAs"

Mar 24, 2018

I have also had the same experience. My firm tells our clients that we hire out of business school from school X and school Y (even though we all have MSRE or MSRED degrees).

Mar 23, 2018

I would say the competition is not necessarily MBA vs MRED. It is more likely real estate experience vs no experience/non-real estate experience. Real estate companies place a premium on prior industry experience. MRED students who enter grad school with 2-4 years of experience will do better on the job front especially as compared to MBAs who are more likely to be career switchers.