Real Estate Appraisals to CMBS
I was wondering if this is an applicable career path as I would like to go into CMBS securities at a bank or work for a B-Piece buyer after my valuation stint at a large brokerage (CBRE/JLL/etc). 

So would this be a reasonable exit opp after a year/ year and a half? In addition, would it be beneficial to go the MSRE route to get into this type of career? 

Would love to hear your thoughts.
[{"id": "e1ojgxb", "text": "Wondering the same thing. Pursuing my MSRE at Georgetown in the fall. Recommend you look into that program as it seems decent. ", "replies": [{"id": "e1pqtdl", "text": "Georgetown is definitely on my list. I am more inclined to go to the NY area, which is why I was more interested in the NYU program (as opposed to Cornell/MIT because it is slightly more finance heavy), however I am a little hesitant because of how big the class size is which may restrict opportunities. ", "replies": [], "depth": 2}], "depth": 1}, {"id": "e1oxhoe", "text": "CMBS is a huge industry. What do you want to do specially?", "replies": [{"id": "e1pqsd3", "text": "Preferably work for a CMBS buyer, however I would not be opposed to CMBS bond sales/trading at a BB. Correct me if i'm wrong but I understand that is a very niche market and they look more for people with real estate experience in addition to fixed income experience. Would love to get your insight one what other careers in CMBS would be available. ", "replies": [{"id": "e1q9yqd", "text": "As far as buying goes, I would say the B-piece buyers have the most fun and are the ones that need to understand structured finance and real estate.  As you go higher up the cap stack, the more your skill set moves away from the underlying real estate.\n\nIt sounds like you are just starting your career.  In general, you're on the right path.  Grind out financial models and Argus runs for a year or two while looking for opportunities in the structured finance side (they are hard to come by especially at this point in the cycle).  Keep your Excel skills sharp and take this time at the Brokerage shop to make connections and ask questions.  One thing you can \"sell\" to a B-piece buyer is your network.  \"Not only have I been valuing properties for a year and understand CMBS bond structure, but I have relationships in X markets where I can easily request market feedback.\"\n\nI also have a MSRE.  If you want to go purely to the bond side of the industry I don't think it's needed or helpful.  A masters in Finance or CFA would be more helpful for that track.  I would suggest the MSRE if you want to stay closer to the real estate or think you want to do acquisitions or development at some point.\n\nHope this helps.  My answer is a little short so DM if you have further questions.  I've been connected to the CMBS industry for 10 years.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}]