What is more valuable MBA or masters of real estate?
What's more valuable in the industry for climbing the corporate ladder ?
[{"id": "doeicav", "text": " masters of real estate? lol", "replies": [{"id": "doen1ac", "text": "Yeah?", "replies": [{"id": "dog56lr", "text": "I agree with him. Being an analyst and getting your hand dirty will look a lot more attractive than education. Even pouring that money into your own acquisition will teach you far more than real estate school or an MBA.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "doejbdm", "text": "I guess it depends on where you go. Maybe those things matter if you try to work at a development shop. \n\nIn most CRE brokerage companies, being a friend of the guy whose name is on the building is probably the most important consideration. \n\nAnd I think which school you go to is more important than what you study. Going to UCLA is a death sentence here in So Cal, no matter what you studied. \n\nMBA is usually for the burned out person who is seeking a mid career life change. I would not do that now at the top of the market, that is more of a \"waste your time while the market is kinda sorting things out and there is no money to be made anyway\" sort of thing. \n\nJust go out and get a job.  ", "replies": [{"id": "doenpjm", "text": "Why is UCLA a death sentence ? \n\nI have a job haha I'm just wondering when is the time to pursue a grad degree, plus I most likely want to study overseas and use it as not only a way to advance my career but to relocate and get more international experience ", "replies": [{"id": "dpsgr0r", "text": "the post above you is such bullshit by the way. UCLA has one of the top MBA real estate programs in the country. I know people making 200k+ in real estate without prior real estate experience out of their MBA school there", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "doemis6", "text": "Experience &gt; either\n\nBoth are fine, plenty of people in the industry have one or the other but MBA is much more conventional. \n\n", "replies": [{"id": "doenbiz", "text": "How much experience would you reccomened before pursuing post grad education? I was thinking 5 years", "replies": [{"id": "doetdc5", "text": "Real estate is just not like that. I think you are not getting great answers to your original question because the industry isn't focused on your education. At the same time, people still do get it and a good school's name on your resume will get noticed, it just won't be a focus. \n\nIf you are in the industry already consider a part time  MBA program at any point of your career so you can keep getting the experience while picking up your education. The extra 2 years of experience will be more valuable to you than the MBA. There are a lot of top schools that offer part-time programs. \n\nIf you aren't in the business and want to use grad schools to transition then go to a top school, and you may get picked up by a big investment bank in their real estate group or a larger real estate company. But without experience smaller companies will probably be reluctant to hire someone they have to train that also has a large salary expectation. Even from a top school, it may be a struggle to land in the industry afterwards without any experience.", "replies": [{"id": "dof6o08", "text": "I will have quite a lot of experience by the time I consider applying. I just got a job in CRE underwriting. I am certainly considering a part time MBA however I also want to use my post grad degree as a way to relocate, would that be wise?", "replies": [{"id": "doffefd", "text": "It's likely that once you're in the business you will realize you don't need a graduate degree. I talk to people all the time with big degrees. I don't know who has what though because no one really cares. I just happen to notice if I read their bio. ", "replies": [], "depth": 5}, {"id": "dofksso", "text": "Underwriting experience is pretty transferable firm to firm, especially when you are younger. \n\nYour experience should be sufficient to relocate. I\u2019d test the waters as early as a year after working if you know you are in a city you don\u2019t see yourself long-term.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "doeo2c8", "text": "What is your background and what type of real estate do you want to get into?", "replies": [], "depth": 1}, {"id": "doeokrz", "text": "Can't hurt pursuing education, however, nothing beats real life experience. ", "replies": [], "depth": 1}, {"id": "doew6li", "text": "If you are in the industry already you would probably be ok either way. I have a Masters of Land and Property Development but I had no real estate experience, no connections etc. All my validity came from my Masters and got my first job by an employer recruiting our program. \n\n", "replies": [], "depth": 1}, {"id": "doeyd0i", "text": "I just started a masters of real estate program and I'm enjoying it so far. All the professors are industry professionals and the student base includes people who work in all facets of the industry as well as people wanting to get into the industry. It's great for networking. If you want to commit to real estate I would recommend it over an MBA because there are better networking opportunities when everyone is there for real estate. There are also various concentrations including finance, development, global, and construction management. ", "replies": [{"id": "dof6hjb", "text": "Could you elaborate a little more on what the global concentration is like? And what type of career paths come from doing such a concentration? Masters of Real estate with a concentration in global real estate sounds very interesting to me.", "replies": [{"id": "dof6vzj", "text": "Sure, I'll PM you", "replies": [{"id": "doflsgw", "text": "I'm curious too. A few programs I've looked at do not have the global focus. ", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "doezom9", "text": "An MBA from a top 10 school is more valuable in the sense that you\u2019ll have more job options and future job security but if you have an interest in real estate development then I highly recommend a masters in real estate. I earned my MBA at night from USC while transitioning out of aerospace and into re development. The MBA was a useful tool to introduce myself to developers in LA but if I had prior real estate experience I would I have done the MRED program at USC instead. In fact, I accepted an offer to join the University of San Diego\u2019s masters in re program but turned it down for USC\u2019s reputation and network in LA. Now I work for an urban developer. As far as timing goes, put salary concerns aside and focus on getting into a company where you can start learning about the industry. Be prepared to start grad school within the next 1-2 years when the market turns. Feel free to reach out to me if you\u2019d like to chat. ", "replies": [{"id": "dofhm39", "text": "What do you do for the developer?", "replies": [{"id": "dofi33y", "text": "Finance for the development team. Acquisitions modeling, construction, operating and capital budgeting and forecasting, leasing. ", "replies": [{"id": "dofip4b", "text": "Oh nice! thats what im looking to get into. Hows the pay and work life balance?", "replies": [{"id": "dofk5hx", "text": "Pay is 6 figures+ if you have a graduate degree and 6-8 years work experience. Work life balance depends on the status of the development and where we\u2019re at in the credit cycle. Getting a project off the ground is a grind but if you\u2019re passionate and curious about the industry it flies by. We\u2019re at the end of a credit cycle now which has driven up land values leading to increased construction costs so development pipelines are growing slimmer. The job market in real estate is still relatively strong but be prepared for a pullback. When that happens start grad school ideally in the city you\u2019d like to work in after graduation. ", "replies": [{"id": "dofkpe0", "text": "Thank you for the reply! What was your previous work experience in specifically?", "replies": [], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "dogotew", "text": "An MBA. You can do real estate without going though college courses, through self-directed learning and networking. Additionally, the real world experience from either doing deals or talking to people who have will be just as useful as what they might teach you in a tradional school while also presenting the opportunity to earn. Whereas, an MBA will give you skills to manage your investing business and the structured environment for learning it is more suited to that material type. ", "replies": [], "depth": 1}, {"id": "dpsgv6r", "text": "what none of these people realize is when you go to a top MBA school, the companies come at recruit you not because you have the experience. They recruit you because they already know you're smart. These schools have essentially pre-screened you for the ability to learn.", "replies": [], "depth": 1}]