Is it worth it to get a master's degree in real estate?
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[{"id": "iwmloqg", "text": "Generally you won\u2019t be paid more for a MSRE, but makes breaking in much easier. It\u2019s up to you if the cost justifies ability to switch.", "replies": [], "depth": 1}, {"id": "iwmqnqf", "text": "The MSRE program I attended made all the difference in my career. I got fundamental knowledge and skills, but the most important things I got were 1) on-campus recruiting, and 2) a network. Once I got my first job, it's been all me. But that first job was essential, and I don't think I could have gotten it without the degree/program.", "replies": [], "depth": 1}, {"id": "iwmrlmv", "text": "Are you working as an accountant ? Why not get an accounting job in CRE then move internally.", "replies": [{"id": "iwmsk6o", "text": "My thought as well. You can learn a ton about the industry being a development accountant at a CRE firm.", "replies": [], "depth": 2}], "depth": 1}, {"id": "iwmw103", "text": "Did a masters and transition from the leasing to investment side. If you do it, internships are critical, a degree won't get you a job.", "replies": [], "depth": 1}, {"id": "iwmxple", "text": "If you want to keep going to school so that you can avoid working for a living.", "replies": [], "depth": 1}, {"id": "iwmy67u", "text": "I mean, why don\u2019t you just dive into real estate you don\u2019t necessarily need much education to do real estate most don\u2019t even have any college", "replies": [], "depth": 1}, {"id": "iwn1mn4", "text": "What are you currently working as? Do you already have the accounting degree? \n\nHere\u2019s my view - if you had a masters and an accounting degree but no experience I wouldn\u2019t hire you for anything meaningful in property because you don\u2019t have the experience, but I wouldn\u2019t hire you for an entry level role because I know you\u2019ll use it as a springboard and leave after 6 months. \n\nIt\u2019s really hard to recruit good corporate real estate/property accountants, so although there may not be a lot of jobs in your area, there\u2019s always something going at one of the big corporates - JLL, Colliers, CBRE, etc. \n\nOnce you\u2019re in, networking becomes easier and you can progress either within the company or with a client. \n\nI don\u2019t think you NEED the masters to carve out a meaningful career. It might help, but I would argue it\u2019s a lot of up front cost and work, when you could be earning and learning on the job as you progress.", "replies": [], "depth": 1}, {"id": "iwn5oyd", "text": "Depends what you want to do, manage real estate for Blackstone? It\u2019s a must.\n\nBroker? Complete waste.", "replies": [], "depth": 1}, {"id": "iwn6wv6", "text": "CFO level candidates at CRE firms almost always come from big accounting firms.\n\nWhat exactly do you want to do in this industry?  \n\nIt COULD be worth but more likely then not it wouldn't be unless maybe you got into a very top school.", "replies": [], "depth": 1}, {"id": "iwn99qp", "text": "If you want to get a masters degree just to buy investment property for yourself, it is definitely not worth it. I would also be wary of looking for fulfillment in CRE. There are many CRE jobs out there that are just as unfulfilling as accounting. You might want to get an analyst job first before you spend a bunch of time and money on another degree to see if it\u2019s something you actually want to pursue.", "replies": [], "depth": 1}, {"id": "iwnc86j", "text": "No", "replies": [], "depth": 1}, {"id": "iwnj2w3", "text": "My take on it is that it kind of depends what you want to do in CRE and also where you are in your career. If you\u2019re &lt;25 years old, there\u2019s probably limited reasons to do it at that stage of your career in the sense that you\u2019ll probably end up making more money and ramping up your career just being hungry and doing deals. You can always do the masters later if you need it. Now if you\u2019re older and trying to switch careers? I think it can make a lot of sense as you need to make up time (connections, education, network, etc.) quicker. In most of those scenarios it\u2019s not that you\u2019ll make more money with a masters (you very likely wont) but you\u2019ll speed up connections and education that you would have got \u201cfor free\u201d on the street working deals in brokerage, valuation, banking, etc. if you were the 22 year old breaking in younger.", "replies": [], "depth": 1}]