Masters of Real Estate Development?
Hey everyone, 

I’ve been reading into possibly going to get my graduate degree in real estate development (MRED) anyone here have one or know anything about them? 

I’m close with two CEOs of local companies that sit on the board of a college near me that offers a program. I’d be starting it in 2-4 years it comes with a hefty 65k price tag. I currently work in CRE as a tenant/landlord rep. My dream is to ultimately run a REPE or at least work for one. 

Being new in CRE there is so many people barking at me to become CCIM and get an MBA or MRED. They make it seem like if you do not do these things success is highly unlikely. 
[{"id": "eb6y0b0", "text": "My opinion is a MBA will be more useful for you than getting a mred. \n\nYou will learn the most from doing the job, the degree is more for a resume booster. To get hired at a large company at a higher position you will need some degree generally. ", "replies": [{"id": "ebqisyk", "text": "This is the credited response. Get an MBA from a top 8 school. Use the alumni network to leverage yourself into a development job. There is no one in the industry who gives any preference at all to these specialty Masters programs. The only advantage would be if there\u2019s a good network of former students. Wisconsin does a good job with this.", "replies": [], "depth": 2}], "depth": 1}, {"id": "eb6y7jf", "text": "I got my Masters of Land and Property Development at Texas A&amp;M. Best decision I ever made. Went from a low level consultant position to now overseeing several development projects. 3x more money than consultant position. Well worth the time and monetary investment. ", "replies": [{"id": "eb733ha", "text": "Did you do any internships throughout the masters? Did you do it full time or on a part time basis?", "replies": [{"id": "eb7j2nk", "text": "We had one summer internship requirement. I went full time ", "replies": [], "depth": 3}], "depth": 2}, {"id": "eb7i9ic", "text": "Are there any books or resources from the program you felt we're more useful than others?  I'm a commercial appraiser and would like to transition to development in the not too distant future.", "replies": [{"id": "eb7j5gq", "text": "The best resources were the class material. There was one Market Analysis book that was useful. Everything else was \u201ccustom\u201d professor material. ", "replies": [{"id": "eb7jy04", "text": "do you recall the name of the market analysis book?\n", "replies": [], "depth": 4}, {"id": "eb7rbok", "text": "yes name?", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "ec12p57", "text": "whoooop!", "replies": [], "depth": 2}], "depth": 1}, {"id": "eb73n7t", "text": "I have a MRED. It\u2019s a great foundation of you\u2019re wanting to get into development. But if you can slide into the industry without it, don\u2019t bother with the extra education. I used it as my path into the industry, and I don\u2019t regret it. ", "replies": [{"id": "eb7i6fc", "text": "Do you have any suggestions on text books you particularly liked? ", "replies": [{"id": "eb7ndty", "text": "It depends. What\u2019s your knowledge level, and what subject specifically? Site planning, valuation, market analysis, development process, construction process, urban design, or something else?", "replies": [{"id": "eb7qzop", "text": "I'm a commercial appraiser with about 5 years experience valuing all types of real estate (industrial, office, multifamily, special use, subdivision, new build, whatever gets thrown at me) across the country. My exposure so far is pretty broad and fairly deep. I also consider myself to be pretty proficient at excel. My recent personal project has been going through Brueggeman's Real Estate Finance and Investments and building models based on examples from the text. Have also been slowly making my way through ULI's Real Estate Development: Principles and Process. \n  \nWhat I'm most interested in is transitioning into development and syndicating deals. So the development and construction process is probably something you'd have better resources worth suggesting.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "eb7x3t3", "text": "I need help sliding in. I work for multifamily brokers, but I really want to get into development. The skill set seems awfully niche, not sure what is required of me to get into that sector?", "replies": [{"id": "eb8nmlr", "text": "If you\u2019re on brokerage, that\u2019s a pretty good starting point. I\u2019d advise you to brush up on the financials and project management side. And find someone on the development side who can be a mentor in your professional development.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "eb9u2bf", "text": "Anyone recommend the NYU MSRED online? I live in Dallas and can't take the time off to do the Texas A&amp;M mlpd or MSRE. My plan b is a local MBA (TCU,UTD, SMU) with a real estate Concentration ", "replies": [{"id": "ebmmp9r", "text": "Also in the Dallas area and considering the same path. Most Aggies with MRE degrees seem to use it right out of the gate to get a foot in the door immediately after undergrad.", "replies": [{"id": "ebmv4kt", "text": "Which path? Wasn't clear. ", "replies": [{"id": "ebo550y", "text": "Looks like we're on the same path considering, haven't yet started, post grad programs for real estate.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "ec12d1b", "text": "I\u2019m literally in the same boat. I\u2019m in DALLAS and thinking about NYU or Columbia. ", "replies": [{"id": "ec12epw", "text": "Colombia's MSRE is online?", "replies": [{"id": "ec13lxo", "text": " No it\u2019s on campus. NYU is on campus as well I believe...", "replies": [{"id": "ec13y1f", "text": "Nyu has an online option ", "replies": [{"id": "ec140p0", "text": "Only the 4 core classes for the real estate masters program are offered online ", "replies": [{"id": "ec14zdm", "text": "Gotcha", "replies": [], "depth": 7}], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ec1mt90", "text": "Market Analysis for Real Estate - Concepts and Applications in Valuation and Highest and Best Use\n\nBy Stephen F. Fanning", "replies": [], "depth": 1}]