What MSREs (or MBAs with RE Focus) coming straight out of undergrad?
Currently a Sophomore at a non-target studying RE + Finance - I want to get a REPE Acquisitions role.
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Go work first.
Working at a large brokerage as an analyst -> REPE Acquisitions is a common path,
If that fails then get an MSRE (NYU does not require w/e) after your analyst stint and you'll be as qualified as you can be.
Even if you were to get a MS straight out of college I'd recommend you get a MS in Finance from a target university as opposed to the MSRE. Why anyone would ever spend that much money to get a Masters in real estate is beyond me.
A) Every door open to a MSRE grad would be open to a MSF grad, assuming they each had no work experience and went to the same caliber school. B) Every door open to a MSF grad would not be open to a MSRE grad, as management consulting firms & corp finance recruiters aren't going to be hiring MSRE guys. C) RE finance is WAY easier to break into from a non-target than IB or Management Consulting. You really don't need to get an advanced degree to get a good gig. D) RE doesn't pay well enough to justify a masters degree when you're in your early 20s.
You don’t seem to know how well some RE firms pay. Top REPE/ Development firms pay $200k+ right out of top programs. Also the point of RE is to be able to do your own thing.
Lol those Harvard MBAs will get paid just as much if not more at other firms....
Real estate is not high paying, not even close. Harvard/MIT grads are taking $150k+ jobs out of college in software development, not real estate.
Check any top firm on LinkedIn and you’ll see HBS and Sloan grads.
Tech is big. Not saying real estate is the end all be all. I’m learning to code myself. Just helping others see that there’s plenty of highly qualified people in REPE.
Run back to the risk management forum, buddy.
You know even risk management pays more than your job.....our h1b master graduates are getting paid $105k base + bonus at 23 yo
Risk management is somewhere you go to live a comfortable life without much upside. You're going to have a cushy job for life, but you're never really going to build equity in anything. People go into real estate to become multimillionaires.
How can someone say (type) this with a straight face? REPE is coveted even by investment bankers, which unarguably pays more than risk management. Ceiling, floor, average, and any other metric is better in real estate vs. risk management.
This is all that kid posts about. Works for freddie mac and thinks he's superior to everyone else in RE because "we hire people with PhD's" and "our master program kids make more than anyone else in RE because freddie mac and risk management trumps all"
Not everyone wants to do what he does, but clearly doesn't get it. Let him rack up all the monkey shit he wants.
Because he probably can't get a REPE job, so has to boast about his 'sophisticated' risk management role. If some RM job is offering me $150k and a REPE firm is offering half of that, I'm taking that REPE job all day without even thinking, No brainer.
People on RE forum can’t handle the truth because they all went to crap schools
No one from top 10 privates will take your shitty REPE pay out of college. They all go to google, Facebook, amazon these days. I don’t get how people can be paid so little and keep saying they have the best jobs
I agreed with you until I realized you were a risk management cuck with penis envy towards the Real Estate / Capital Markets analysts at FMAC. What a schmuck!
That is factually incorrect. Btw I went to a top Ivy AND a top high school. The fact that you think FAANG jobs are the most coveted jobs at "top 10 privates" just shows that you didn't attend one.
If that’s what you think then lay out your comp by year since you graduated and say what you did each year. Then we can see.
I wouldn't go as far as to say Real Estate isn't well paying, it just doesn't pay as much as IB / Corp PE.
Related & Blackstone are recruiting from Wharton/McIntire and Morgan Stanley more than they're recruiting from MSRE programs.
Also, you can't compare the top 1% of RE companies to the middle of the bell curve for corporate finance. If we're talking the top 1% of bankers or Corp PE guys, they're still pulling in more than the guys at related. I took a pretty noticeable haircut to work in RE initially and still make less than I would in IB. If the extra $50K was important to me, I wouldn't have chosen real estate as a career. I love the work and the hours are way better so I don't regret it, but I still wouldn't advise someone to get a grad degree that specific directly out of UG. That's not a knock on Real Estate, I just don't see why OP wouldn't get a MSF and keep all options open.
Does anyone have any exposure to the MSRE at UF? It looks to be pretty strong but I haven't heard about it much on this forum..
No direct experience but I have heard they place pretty well in Atlanta, Miami, Jacksonville etc. Have heard some of their grads go on to get gigs at Eastdil and comparable firms.
The gator brand is strong so I think with networking you would be fine.
Thank you!
They place excellently in the Tampa/St. Pete area as well.
Thanks!
Just note this form mostly (not always) caters to NY and sometimes LA/ SF. Just more people in those cities, more jobs, etc. I've seen a few Related people on LinkedIn who came out of that program. I know Related has different companies within itself, I am referring to the one run by Jorge Perez.
Thanks!
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