MBA RE vs MBA (non-specialized)
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[{"id": "fwk16br", "text": "Experience will trump everything. The letters after your name are to look good in bios and on business cards. If you know as much as an executive/director/assert manager you could probably teach a class.", "replies": [], "depth": 1}, {"id": "fwkmyhn", "text": "As a guy who just graduated a top 20 MBA program trying to do CRE and hit a brick wall finding a RE job during this economy, it was great knowing I could pivot with a regular non-specialized MBA. Got a great job in logistics last week after job hunting for 3 months for CRE opportunities. And it may go without saying, but when it came time to get a full time role, it came down to who I knew, not what I knew", "replies": [], "depth": 1}, {"id": "fwkr5to", "text": "I have an MBA from a top school. It has been incredibly worthwhile for me - it moved me from an investments role with an operator pre-MBA to an investments role with a mega fund. I have a great network from my class (both in CRE and outside of it) and the brand helps you get your foot in the door. Highly recommend. My caveat is that I don\u2019t particularly think it\u2019s worth it to go if you\u2019re not going to a top 10 ranked school, and I wouldn\u2019t do it JUST for CRE. I also wouldn\u2019t waste time or money on an MSRED.", "replies": [{"id": "fwns86f", "text": "I think you make a great point that is often over looked. People here like to say it not what you know but who you know. Well what better place to build your network Being surrounded by other top young real estate professionals who will likely be in senior roles in the future.", "replies": [], "depth": 2}], "depth": 1}, {"id": "fwkv4py", "text": "Top 20 MBA but get an internship in CRE.   CRE is a business so you will learn everything you need to succeed, and probably some additional concepts pure real estate folks lack.  Broad education with specialized experience is a winning combo!", "replies": [], "depth": 1}, {"id": "fwkvgkl", "text": "Just my two cents as I have a specialized MBA in real estate.  I was previously in brokerage and trying to get into the PE side.  I chose my school specifically for its Real Estate program, but really I viewed it as purchasing a network.  The alumni at my school were pretty active and I was effectively given two years to build a network and job hunt. It turned out well for me and I am doing what I wanted in the sector I was interested in with a good group.\n\nI will say the issue with doing a non-specialized MBA and not already having a ton of RE experience is that on paper you look really expensive and a lot of groups rather take a fresh undergrad and train them for $45k a year then a $100k+ MBA.", "replies": [], "depth": 1}, {"id": "fwkwtoj", "text": "In our area most commercial realtors have a mba. Often not from Stanford (nearest) top business schools.  A few are JD. But with all the credentials and not much personal contact a phd from Harvard will not get him re jobs.  Commercial is about connection more than the diploma elsewhere.\n\nFor residential realtors. I'd say about 60% have a masters or phd degree as second career.\n\nThe Ivy League credentials enable one to have an edge getting first job and that is about it.  This year few high tech employers are hiring except a few from top schools recommended by someone famous. As for RE it is dormant. You are likely to get wage reduction more than getting paid fairly. 120,000 realtors in San Fran BA is more than industry can absorb.\n\nIt really depends on where you are. Realtors are sometimes perceived by stereo type as not too bright and poorly educated. Having an esq, will quickly prevent the rowdy investors to quiet down. As for mba it appears everyone got one of these credentials and means less and less these days.", "replies": [{"id": "fwm4bvu", "text": "Pretty sure less than 10% of commercial brokers and 5% of residential brokers have any of the graduate degrees that you\u2019re describing..", "replies": [{"id": "fwm76ak", "text": "Silicon Valley, CA. About 1 out 3 has broker licenses. Most had a high tech corporate career. This includes salespersons which do not require a college degree in theory. The top 10% earn ~7 figures.", "replies": [], "depth": 3}], "depth": 2}, {"id": "fwmsn76", "text": "Pedigree really matters for investment jobs in commercial real estate. Brokerage is connections, sure. \n\nAlso I can\u2019t imagine a Graduate of Stanford GSB going into residential real estate leasing and sales. Also can\u2019t imagine there are many residential brokers with PHDs / JDs / graduate degrees.", "replies": [{"id": "fwnjqie", "text": "Potentially they do 30-100M sales a year. Doctors are not the ones earning top money. Many have trouble qualifying a big mortgage. CA got more lawyers than you know what to do. RE is an ideal career for many professionals.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fwkx4dh", "text": "I just completed a MBA RE, I thought it was great. I did come with some experience but I definitely needed more knowledge. I think the most value that it brought though was the network. I am doing so many new deals with either my classmates, invited speakers to class or past alumni. I think the key is to go to a school where you will stay working the market. If you move then you could potentially lose all the valuable connections you made given that real estate is very market driven. Just my 2c.", "replies": [], "depth": 1}, {"id": "fwn1rzt", "text": ".", "replies": [], "depth": 1}]