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Masters in Real Estate Advice

Posted on 11/22/17 at 12:32 am
Posted by FootballNostradamus
Member since Nov 2009
20509 posts
Posted on 11/22/17 at 12:32 am
So I'm going back to school for my MSRE, and I'm trying to determine which school would be the best to select. The fortunate issue is that I've gotten into the three schools I was targeting. Two of these are Ivy League schools that are the top of the rankings for MSRE whereas the other is within the city that I am targeting eventually living. It's a solidly ranked school, but it's not the kind of instant recognition the other two would have.

I've talked with many people in my profession, and they're always stressing how important networks and contacts are in real estate. I've seen already how important that can be, and I'm trying to weigh that in my decision. Both of the top schools are on the east coast whereas I currently live and want to end-up on the west coast.

How would you evaluate this decision? Part of me says go with the prestige as it would give me flexibility if I move, but the other part of me says having a bunch of contacts on the east coast will diminish the value of the degree if I do stay west coast. The program lengths are roughly the same so no major difference there.

Any advice from those who've gone this path would be greatly appreciated!
Posted by shutterspeed
MS Gulf Coast
Member since May 2007
73841 posts
Posted on 11/22/17 at 12:34 am to
People get an undergraduate, let alone a graduate degree, in this?
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
78706 posts
Posted on 11/22/17 at 12:35 am to
quote:

How would you evaluate this decision?


You’re going to find your biggest problem is not where to find leads, but what to do with all the f&$king cash!!!
Posted by FootballNostradamus
Member since Nov 2009
20509 posts
Posted on 11/22/17 at 1:54 am to
quote:

People get an undergraduate, let alone a graduate degree, in this?


Is that a serious question lol?
Posted by baseballmind1212
Missouri City
Member since Feb 2011
3414 posts
Posted on 11/22/17 at 3:33 am to
quote:

People get an undergraduate, let alone a graduate degree, in this?


This was my first thought too.

In BR you just either have to be a washed up bartender, or an ex LSU athlete.
Posted by Ted2010
Member since Oct 2010
38958 posts
Posted on 11/22/17 at 3:49 am to
Go with the Ivy League. It will you a big leg up in landing a good job.

Also, you'd be networking with big money type of people that will give great money in your profession.
Posted by lsuroadie
South LA
Member since Oct 2007
8456 posts
Posted on 11/22/17 at 3:55 am to
you're coming to the OT for advice on this?

most people here group realtors with tow truck industry, trash companies and insurance as the biggest, fraudulent, mafia bunch of bastards in the world
Posted by Ted2010
Member since Oct 2010
38958 posts
Posted on 11/22/17 at 4:13 am to
Why?
Posted by TheMailman
Member since Jul 2017
1550 posts
Posted on 11/22/17 at 4:25 am to
Honest question. How does getting a masters in real estate elevate your future earning potential


I just don't get it. If that is really what you want to do, I would start working hard right now and you will be way ahead of the game in two or three years!
Posted by FootballNostradamus
Member since Nov 2009
20509 posts
Posted on 11/22/17 at 5:02 am to
quote:

Honest question. How does getting a masters in real estate elevate your future earning potential?

I just don't get it. If that is really what you want to do, I would start working hard right now and you will be way ahead of the game in two or three years!


Wow, it's really surprising hearing how little people on here know how varied the RE industry is. I had no clue this was the case.
Posted by TheMailman
Member since Jul 2017
1550 posts
Posted on 11/22/17 at 5:44 am to
So you're not going to answer my question?
Posted by lynxcat
Member since Jan 2008
25338 posts
Posted on 11/22/17 at 5:53 am to
What is the targeted exit opportunity?

This is honestly a bit of a blind spot for me. I have a buddy who is into some pretty prestigious commercial real estate jobs in the DC area and he has always talked about MIT’s program eventually being his target for graduate school. He has put it on delay because he was able to work his way into some inner circles without going to graduate school.
Posted by TitleistProV1X
Member since Nov 2015
3657 posts
Posted on 11/22/17 at 7:15 am to
I'm assuming your focus must be on commercial rather than residential correct? I can't imagine needing a masters to sell residential. However, I'm sure this would help accelerate getting a brockers license b
Posted by Mo Jeaux
Member since Aug 2008
64605 posts
Posted on 11/22/17 at 7:19 am to
quote:

Wow, it's really surprising hearing how little people on here know how varied the RE industry is. I had no clue this was the case.


It’s because their conception of real estate is Baton Rouge residential. Maybe Baton Rouge commercial. Maybe.

I would probably go most prestigious, but what you’ve heard about networking is absolutely the truth. Take that into account. That’s all I’ve got.
Posted by theOG
Member since Feb 2010
10861 posts
Posted on 11/22/17 at 7:23 am to
I'd save the cash and just buy a DVD box set of all seasons of Million Dollar Listing New York.
Posted by Mo Jeaux
Member since Aug 2008
64605 posts
Posted on 11/22/17 at 7:24 am to
quote:

I'm assuming your focus must be on commercial rather than residential correct? I can't imagine needing a masters to sell residential. However, I'm sure this would help accelerate getting a brockers license b


Lol. The OP is not trying to be a broker.
Posted by theOG
Member since Feb 2010
10861 posts
Posted on 11/22/17 at 7:27 am to
But seriously...

Is money a factor? Do you have scholarships lined up for any of these programs?

All things considered, I'd probably go to one of the ivies. Even if you're on the wrong coast for school, you'll still have plenty of networking opportunities with companies who have a presence on both coasts.

(Also, you know this, but this thread would be better served on the Money Board)
This post was edited on 11/22/17 at 7:28 am
Posted by MusclesofBrussels
Member since Dec 2015
5034 posts
Posted on 11/22/17 at 7:30 am to
quote:

Masters in Real Estate


Posted by TitleistProV1X
Member since Nov 2015
3657 posts
Posted on 11/22/17 at 7:31 am to
Oh well in that case I'll send the OP a link to the 90 hour course and he can finish it up for $200.
Posted by TH03
Mogadishu
Member since Dec 2008
172004 posts
Posted on 11/22/17 at 7:31 am to
What a horrible waste of money
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