Masters In Real Estate, MBA, or Skip It Altogether?
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- čas přidán 15. 06. 2024
- Masters In Real Estate, MBA, or Skip It All Together? // If you want to break into real estate investing as a real estate investment professional and you’ve considered a masters in real estate or even a real estate MBA, this video is for you.
Considering a real estate masters degree is a big decision - not only is there a lot of cost associated with a graduate school program, but there’s also opportunity cost if you decide to do a real estate masters degree full time. And even if you do decide a real estate degree is for you, how do you choose the right one? Masters in real estate? Masters in real estate development? Real estate MBA?
If you’ve been looking for a real estate investing course or commercial real estate investing course but you’re not sure about grad school just quite yet, check out this video first.
Want to learn the technical skills you need to know to land a top-tier job in the CRE investment field? You NEED to know Excel and how to use it to analyze deals. But don’t worry - you’re covered. You can grab my real estate financial modeling crash course for FREE below:
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Have you gotten a Masters in Real Estate or MBA? If so, are you glad you did? Let me know in the comments. Thanks for watching!
What do think about getting a full-time MBA as well as a master's in real estate? Also, what are some top-tier and mid-tier schools for this field?
This is glorious, I been tryin to find out about "real estate finance graduate programs" for a while now, and I think this has helped. You ever tried - Yiyrianna Tonwen Theorem - (do a search on google ) ? Ive heard some awesome things about it and my m8 got cool results with it.
Many thanks, I've been looking for "master of science in real estate online" for a while now, and I think this has helped. Ever heard of - Yiyrianna Tonwen Theorem - (just google it ) ? Ive heard some amazing things about it and my colleague got excellent results with it.
This was great, been searching for "schack institute of real estate at new york university" for a while now, and I think this has helped. Have you ever come across - Yiyrianna Tonwen Theorem - (search on google ) ? Ive heard some decent things about it and my m8 got amazing results with it.
Great video, as always. :) Doing my MBA at Umass Amherst (online) + took an elective in Real Estate Investment: best course i’ve ever taken!
I did my Masters degree in Real Estate from NYU (majoring in Finance & Investments), and it was really worth the time and money. Having a degree in Civil Engineering and a few years of construction management background, I found the Masters degree playing a pivotal role to switch towards the Acquisition and Asset management career in Commercial Real Estate.
Based on my experience, Masters degree would yield higher dividends for those, who would have 2-3 years of Real Estate analyst experience in either a Bank or Developer or a Consulting firm. Being an international student, it was quite tough landing up with a decent full time opportunity, however, the amount of networking opportunities it opens up is quite amazing.
Sir, I am an architecture student and I want to know more about Masters in Real Estate. What opportunities for students like me .....Please
Hi.. I'm from India and interested to go for MSc in real estate. Could you please suggest me about scope of the same after graduation.
@@hoaxarchiacute2175 same! Did you apply for any real estate master?
Speaking as an MIT MSRED alum my peers have had no problem landing jobs across the country. I worked for a top 10 REPE fund in Los Angeles and now have my own botique firm. I’d caution folks to simply go to the best regarded program for which you can gain admission.
If you want to work a top tier firm, you damn well better have the right letters after your name (top 20 undergrad or top tier graduate degree) or else be super connected through your family or otherwise.
I'm graduating this May with my Masters in Real Estate. I'm super happy that I did it. I landed an analyst /project management job at a small firm during the quarantine when 90% of places aren't hiring. I highly recommend it for anyone who doesn't have much work experience in real estate, or if you have little to no work experience at all. I did one year of bookkeeping after my undergrad before doing my MS. I would have little to no chance of landing the job I did without the degree. Just makes you more marketable. If you are already in the real estate industry and doing well, I don't know if you need it. Unless you need it for a promotion. Or unless you get let go.
Couldn’t agree more - thanks for writing this and congrats on the new role!
Great thanks to your sharing. I have just graduated from the Banking and Finance major this year but i am currently working as a landlord managing a multifamily building. Because I want to step further in real estate field for instance real estate development and management so i am considering an Online Taught Master of Real Estate from Manchester University. I am not sure the contents offered by the course can be applied in Vietnam context so could you please give me more details about the practicality of the course you have taken?
This was great, thanks, I been tryin to find out about "harvard masters real estate" for a while now, and I think this has helped. Ever heard of - Yiyrianna Tonwen Theorem - (do a google search ) ? Ive heard some super things about it and my work buddy got great success with it.
Love your vids! No fluff and you tell it like it is
Justin, found your videos through Skillshare and have been thoroughly enjoying them. Thanks for making, clear, comprehensive content!
Great to hear you're finding them helpful, Andy! Glad to have you here!
Just discovered your channel, super helpful. I'm in the real estate development side of the industry and would love to move to asset management and then investment. Glad to see my chances to succeed if I keep learning those financial tools. Thsnks
So it's a game of relationships I concluded
Loved it. Thank you.
I stumbled upon your page after doing a bit of research on this topic, extremely glad to see someone finally go into detail about it. For a college student trying to secure an internship in the Acquisitions/Asset Management side for example would getting a Masters in RE really be valuable for them? Giving that this is their desired field.
Hi Justin, thanks for your video, really great info here. Can I ask what your thoughts are with regard to the merits of learning *data science* as it applies to real estate? Especially given the whole current macrotrend of everything moving into big data and data analytics. Thanks!
Thank you for your helpful videos.
Happy to help - thanks for watching!
Justin,
Thanks so much for the great content! I'm currently a senior acquisitions analyst for a mid-sized real estate private equity firm near Salt Lake City, UT. I’m about 1.5 years out of my undergrad and eventually want to start my own real estate private equity firm. What would you recommend for those who are already in the real estate industry and who eventually want to go the entrepreneurial route? Are there any additional pros/cons I should consider when thinking about an MBA or masters in real estate program? Thanks!
Hi Justin! what would be better a MS in finance with a concentration in real estate (at University of Texas in Dallas) or Masters of Real estate at Texas A&M? thanks!
Thanks
Greetings,
I recently stumbled across your channel and I thank you for the information you offer!
I am a current real estate license holder, however, I'm overseas for the next couple of years and I'm in the need of a little guidance if you can help. I started on the MREI route, but had to stop early in my schoolwork to relocate. I'm trying to figure out 1. if it is beneficial for me to keep my license while abroad (I'll be abroad for about 3 more years and I have already had my license in "referral" for 2 years) and 2. Can I learn and break into the Commercial industry internationally.
Again, you have been extremely helpful and I look forward to your response.
Great content
What masters in real estate development programs would you recommend that are more on the cost effective side. I’m currently in SoCal but am open to leaving the state. Anything in specific you would recommend? Thanks.
thank you so much.
Thanks for watching, Albeir!
Hey man, great video! I have a question, I know it may seem trivial to get caught up in semantics, but is there any difference between an MSRE and an MSRED? I am looking into getting into land development (PUDs, mixed-use, etc) and want to know if a straight MSRE will be acceptable. I am asking because I have a degree in History, a minor in Urban Planning, and my salespersons license. Not much education or experience in the RE field. I know many firms ask for Argus experience. As long as an MSRE program has classes that teach Argus, will I be okay? Am I over thinking and am getting caught up in minutiae? The masters is a huge investment (30-80k depending on the school) and I want to know if I will be good pursuing either degree. Thanks!
Hi Justin,
I would like to ask what do you think about some external certifications such as, the CFA and the CAIA which is focusing on Alternative Investments and in your experience how much value are they in the industry?
Thank you!
Hey Edgar, great question. The CFA and CAIA are largely not applicable to the real estate investment industry when you're working as an acquisitions or asset management analyst or associate at a real estate private equity firm. They are difficult exams that reflect well on a resume, but in my experience, employers don't really see them as indicators of whether or not you can perform the job. I'd focus more on mastering real estate specific financial modeling and analysis.
Hey Justin, I find your video helpful! I have a question though. I am from Russia, now getting a bachelor degree in oriental studies, learning Chinese, but I want to connect my life with real estate development, I especially interested in strategic consulting in the field of real estate portfolio optimization, so I want to help companies optimize their real estate, do some territory renovation and so one. In order to do that I want to get a master’s in Singapore, just to connect my Chinese specializing with future career. The question is which master’s degree is better to choose for me? And wouldn’t my bachelor degree (which is not connected with RE) be an obstacle to find a job after getting a necessary master’s? Thank you!
Vinyl, experience and skill sets are the most important things to an employer. If you’re sure about real estate, a masters in real estate could be the best fit for you. If you make sure you get targeted real estate experience during your masters (through an internship or part-time job) and your finance and financial modeling skills are solid, your bachelors degree won’t hold you back. Good luck!
Hello Justin,
Thank you for your videos, you've answered a lot of questions for me.
How do you feel about the programs offered by ULI or CCIM in real estate development? You mentioned in another video that they are good conferences for networking and deal making, but are they worth it? I am completing my accounting degree and would like to focus on commercial real estate when I am done.
Thanks again!
Hi Ivan, good question. I haven't taken courses through either organization but have heard good things about both. CCIM is a more widely recognized designation, so that may be well worth it to get certified. The most important thing is to master real estate finance and financial modeling in Excel - studying for the CCIM exam will definitely help you with the CRE finance knowledge portion of that. Good luck!
Thanks for the response Justin, I've actually signed up for your course on Udemy!
@@ivandavidsanchez8301 nice! Great to have you in the class, Ivan!
Thanks Justin for great videos. Could you please make a videos about Real Estate Development Career Path?
Thanks for the suggestion! Will put it on the list for potential future topics. Great to hear you're finding the videos helpful!
Hey Justin, appreciate the video and insight. Something I've come across that looked interesting is the RE Investing Certificate program through the Harvard Extension School. I'm curious to hear your opinion on the certificate program and/or RE certificate programs in general which are not quite the same pedigree of an MBA/masters program, but you seem to learn just as much and it's much cheaper. I am still debating whether it is worth it, or if I'm better off just learning on my own.
Hey Alberto, great question. I don't know many of the details of the Harvard program, but I would say for a program to be valuable you would need to be able to take away two main things - technical real estate finance/modeling skills, and a network. Those two things will be more valuable than anything else to land a great job and make the return on your investment in your education worth it. See if you can find out how well the program provides both, and my advice is to take those factors into heavy consideration when deciding. Hopefully that helps!
Is good to have Masters in Real Estate or MBA in real estate for fund management or real estate analyst roles or big development jobs. Will always be an asset when in 30's and 40's looking for those good gigs as boards want good credentials, plus easier for hiring and safety of lose job etc. Problem is the cost.
Agreed, definitely helpful if you can swing it, but it can be pricey. The best of both worlds is to get fellowship money to pay for all or most of your tuition, if possible.
Break Into CRE what is fellowship money and how do I get it?
Thank you for the videos, Justin, finally found a channel that essentially covers most of the things I need to know to get started on the CRE industry!
If I may ask, I have a bachelor degree in architecture and I'm currently working at an architecture design firm, however, my interest lies heavier on the financial aspects of property developments, hence I'm considering to move to CRE field. Without any finance background/knowledge, I presumed that having an MBA or Real Estate degree is an absolute necessity for me to enter CRE career. Is a formal MBA/CRE education credential absolutely necessary in my case? Have you any opinion or advice for an architecture-graduate to change career path into real estate? Thank you!
Hey Edwin, great to hear you're finding the videos helpful! Your architecture background is a GREAT start - I know many people in the industry who have gotten their start in architecture and moved to the finance side, so it's definitely doable.
Where are you located? I wouldn't necessarily say a forma MBA or Masters in Real Estate is mandatory, but it definitely could help you get your foot in the door. The most important thing is knowing the technical skills of real estate financial modeling for you, especially since you have a pretty solid grasp on the physical aspects of CRE already. If you can learn those and demonstrate to employers that you know CRE financial modeling, you may be able to skip the graduate degree.
If you haven't signed up, I'd recommend my free crash course in real estate financial modeling to start, and from there, The Real Estate Financial Modeling Bootcamp: www.udemy.com/the-real-estate-financial-modeling-bootcamp/?couponCode=BOOTCAMP19. Those two courses will be a great start without having to spend 5 or 6 figures on a graduate degree.
Hopefully that helps!
@@BreakIntoCRE thanks for the encouraging reply, Justin! I am currently located in Indonesia. I've just subscribed to your bootcamp course in Udemy! I figured it'll be a good place to get started with the fundamentals and improving my credentials for now, will determine later whether I will enroll in MBA or Real Estate.
Looking forward to start learning from you!
Nice! You made a great choice - I think you’ll find the bootcamp course a really helpful head start. Glad to have you in the class!
@@edwinsalim6403 Hi Edwin, how was the course, were you able to pick up the fundamentals and use it to pivot your career? I'd love an update when you can. Thanks!
As for the con of part-time MBA, the biggest one is the lack of networking. I immediately thought, "well couldn't you network in a more specific way to offset that?" For example, specific membership in an association or certain conventions? What are your thoughts on an online Masters in Real Estate? Thanks again for everything, you have no idea how helpful you are! I'm a bachelor student at a non-prestigious school so I would never be able to hear wisdom like this.
Agreed completely on the ability to be more proactive on the networking. It's harder to do with the part-time program, but if you want to make it happen, you can definitely make it happen. Memberships in associations or conventions are great ways to do this. You don't really need to get an MBA to get into these, but it's definitely something you could do with the part-time program to improve your networking. Regarding an online Masters in Real Estate, I've never met anyone in the industry that has gone that route - if the degree is really important for the place you're working, it could be helpful, but online programs definitely aren't as widely accepted as in-person programs yet. So glad to hear you've found the information so helpful! Don't worry too much about where you're going to school - your knowledge is going to matter a lot more than your pedigree at most firms. Good luck!
Thanks for the great content as always!
I noticed that you're from San Diego and I was wondering if you were familiar with the MSRE program at the University of San Diego?
I am going to be doing an MSRE program and wanted to hear your input on the real estate program at USD.
Look forward to your response!
Shah Ahsan great program, and very well respected and well connected within San Diego. If you want to work in real estate in San Diego and build a network here, USD is a really great place to do that.
Break Into CRE
Thanks, Justin!
Have a great weekend.
What about a masters in real estate development from GA TECH
If you're planning to stay in the Atlanta area long-term and want to build a strong CRE network, I think it could be a great move if the financial burden isn't too heavy.
For international students
Well I always wanted to go to MIT guess Real estate is a good way to hold that door open
Yes sir!
I have a bachelors in business and I’m looking at FIU Masters of Science in International Real Estate not sure if you familiar with it but it seems solid. Looking to get an outside opinion though. I’m not sure if it’s the right move or not. Thoughts?
I have a ms construction management from FIU . I'm debating UM's part time MSRE/MBA while I work.
@@dannymungo6620 do you think it was worth it to get the construction management degree?
@@nataliacamargo6913 my situation different because my job paid for it. I started at STRUCTURAL working as an actual laborer. So I believe I've reached my peaked potential with the degree. I'm interested in the MSRE /MBA because I want to go the entrepreneur route.
I work with kids 23/22 fresh out of college making 60k. I believe the ms may have been overkill imo. I think I would've been in the same position with my bs in construction management . It was only a year and practically free .
@@dannymungo6620 makes sense! Thanks for the feed back.
@@nataliacamargo6913 the ms construction management would pair well with your business degree. That's if you want to break into the industry. You need to be cognizant that the elections will bring a lot of uncertainty to the industry. Which is why I'm pivoting and going the entrepreneurial route. There's a lot of talks of layoffs and hiring freeze.
Best of luck to you
How do you feel about getting a CFA if you want to be in Real Estate Development/Acquisitions?
Great question. In my opinion, the CFA is somewhat of a waste of time for real estate investment professionals. It definitely makes you look smart on a resume, but what you learn is not directly applicable to what you need to do to be successful as a real estate finance professional. I've seen resumes with CFA designations come across my desk for multiple roles at multiple companies, and it does give people the impression that you're intelligent. That said, those guys/girls with CFA designations rarely win out for the role because they've focused their time on passing the CFA (however many levels they go) and most don't have the technical real estate-specific financial modeling and analysis skills necessary to do the job they want. Practical, direct real estate technical skills are far more important. Hopefully that helps!
@@BreakIntoCRE Thanks a lot for the response! I have 2 follow up questions for you:
1. Are there any certifications you might recommend for breaking into the RE Dev/Acquisition space that might add real value to your resume (for people not interested in spending the time or money on grad school)?
2. If you are already working in the the RE Dev/Acq space and don't see yourself being able to get into a top 25 MBA/Masters program, would you see the CFA as the best alternative?
1. Yes - these are definitely not required, but if you're looking for certifications that employers may find valuable, I'd get certified in ARGUS Enterprise if you're planning to be working in office/retail/industrial, but that said, this is really expensive (over $1K if you're not a student). I'd also try to pass levels 1-3 of the REFM certification courses (www.getrefm.com). You can take those exams for free. If you take the REFM courses or work through my real estate financial modeling courses on Udemy, you'll be in good shape to pass all three levels.
2. It depends on your goals. If you're already working in the acq/dev space, I'm assuming you already have at least basic real estate finance skills. The next level in acq/dev is going to be achieved through deal experience and your relationships with the principal/brokerage community. The CFA can make you look smart on paper, but when you're looking at VP/Director roles, it really becomes a lot less relevant and useful to employers. I'd use the time and money you would be spending studying for the CFA to join organizations like ULI, NAIOP, ICSC, NMHC (depending on your product type) and going to as many networking events as you can. That's what will take you to the next level.
@@BreakIntoCRE Thanks again for the insight Justin! Looking forward to the future videos and courses you put out.
Happy to help!
You mentioned that your students landed good jobs at top CRE firms. Isn’t commercial real estate investment positions commission-based or is it salary? Look forward to hearing your response!
Hey Noah, most positions at commercial real estate investment firms at the analyst and associate level are salary and bonus based. If you're an analyst/associate at a brokerage firm, you likely have a smaller base salary but you'll have likely have a commission structure on top of that. Hopefully that helps!
Hey Justin! I am going to join a Bachelor’s in Business Administration in Real Estate and Urban Infrastructure, which is a certified course by RICS in India. I would like to do a Masters in Real Estate with Concentrations in Planning and Development from a major university after competition of my BBA. I was thinking of Harvard. What can I do? Shall I also complete my Masters and join it? What do you suggest? Please Help, ☺️.
Do you know of any commercial agents without college? I’m looking to go straight into the residential space and building a track record and gradually building a team and obviously a name for myself ... hopefully using that as a vehicle into the commercial side down the line
Also really looking to that argus course you spoke about not too long ago.
Hey Alexis, I don't know any commercial agents without a college degree, but I'm sure they're out there. It may be tougher to break into the bigger shops (CBRE, JLL, Eastdil, Cushman, etc.) without a degree, so you may want to look at smaller, more boutique brokerage shops first.
@@alexisascencio9397 the ARGUS certification course I've mentioned in my videos can be found here: customer.argussoftware.com/s.nl/it.A/id.2260/.f
Worst location ever. Homeless people around to bang on your car on the way and no where to park. I lived in South Florida for 38 years and avoided that area after having had to work there 2 weeks.
I think it's not practical to study real Estate management in a country that I have no relations with its community
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This is glorious, I've been looking for "top real estate universities" for a while now, and I think this has helped. You ever tried - Yiyrianna Tonwen Theorem - (should be on google have a look ) ? Ive heard some interesting things about it and my co-worker got excellent results with it.
This was great, I have been researching "real estate development courses los angeles" for a while now, and I think this has helped. Have you heard people talk about - Yiyrianna Tonwen Theorem - (should be on google have a look ) ? Ive heard some awesome things about it and my cousin got great results with it.