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What’s the reasoning for the grad degree? What’s your current experience and how come that can’t get to where you want to be? Have you applied to Columbia or Cornell? Just trying to gauge here.

Also, this has been mentioned here before but I will say it again; MSRE/D does not inherently translate to REIB/REPE/Dev afterwards. I’ve seen too many friends and ex-colleagues go to these programs part time, only to remain working with the same company within the same role, with maybe a pay bump. I’ve also seen too many waste their networking opportunities just to graduate with $50-$100k in debt and no prospects.

 

My honest opinion is that some people enter these programs (and MBAs too) with unrealistic expectations that their will be career fairs with BX, KRR, SW, Related, etc. just lining up to hire a set of this year's graduating class. This will not be the case. To the extent these firms do OCR, it will be at only a few very to MBA programs and even then they will look for those with legit REIB or CRE experience, they are competitive jobs, period.

LOTS of people place in commercial real estate and often at big institutional names straight out of MSRE/D programs, but maybe not at the coolest 'top shops' all the time. In reality, an MBA business schools">M7 MBA won't guarantee this either, its just the world.

What fails some MSRE/D students is that they don't really learn all the skills they need (like strong excel modeling), they are generally weak candidates, don't aggressively pursue internships, and don't network. You have to be in command of your experience, the school will not hand you a job. Sadly, a student can 'coast' through these programs and not learn what they should. You can get an A in some classes without actually mastering the subject (this is all schools, esp. at UG level) and grade inflation is universal program (even at HYP). This gives some students a false impression that they are ready to go when they are not.

The one's that take the time to really get good, immerse themselves in the industry, take all the excel classes and add-ons, will do just fine. It's a competitive market, just have to be competitive to win.

 
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I am in NYC, I would say that (as you know) NYU/Columbia are clearly the 'leaders' in the MSRE/D space. they are large/old programs with alums pretty much everywhere (including in many of the big name REIM/REIB/Dev firms people want to join).

Fordham is very new, and it's faculty (and likely content) is all from current or former professors at NYU and/or Columbia, they are trying to duplicate the program at a lower cost. So, same product without the brand, at least that is how I see it. Fordham does have a big NY area alum, so I wouldn't discount it. But if you leave NY area, Fordham is not really known.

Baruch price is amazing, and they have a large alum base as well. Honestly, I don't encounter there alum at networking events and things like that the way I think I would. So, I really don't know.

LinkedIn can be a friend here, search each school and real estate, you can get a sense of where Baruch students and even Fordham ones go. Both schools a have a lot of MBA/finance grads who are probably in real estate, I would use them as part of the 'alumni' network, but may not be viewed same as the MSRE (....the long standing debate).

 

OP - Fordham's program is quite new, I'd do some research and speak with some grads of the program to see if it's worth it. Baruch is cheap af, so if you want to do that, I'd say go for it because of the cost and if you decide you want an MBA one day, you won't have a ton in debt from Baruch. However, as stated, neither of these programs are well-known outside of the Tri-State area. But if you're an east coaster for the next 10 years, then don't worry about it.

That's not to say you cannot succeed with degrees from these two schools, it just might be more challenging than say coming from Columbia or Cornell. However, where you go to grad school has little to no meaning 5 years after you graduate. I'm actually considering the schools you mentioned, plus NYU for next year, and if I'm reading through the lines, your GPA wasn't that good and neither was mine (sub 3.0). But I'm confident in my apps, especially NYU because I have been networking for some time, hopefully to bypass the GMAT. My boss, who will be writing me a rec letter, is a graduate and professor at Stern. And I've networked to the point where I have the Schack's Dean's contact info for whenever I have questions about the program. I'm not saying you need to do the same to try and get into NYU, but don't think networking for grad schools doesn't have its advantages.

 

Love it, man!

Great points all around! I’m assuming you’re referring to Dr. Chandan? He’s the man! Funny enough, I’ll be hearing back from NYU myself in the next day or so!

I’m wishing you all the best — I hope you get into your program of choice! You seem to be networking very effectively with a solid letter of recommendation from NYU faculty. A competitive application!

P.S. NYU’s MSRE does not require a GRE or GMAT score and rarely finds themselves in a scenario where they will ask for your scores (this is what my admissions counselor told me).

Best,

OP

Best regards, DoingItInNYC
 

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