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MS in Real Estate vs. MBA in Real Estate

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MS in Real Estate vs. MBA in Real Estate [#permalink] New post 31 Mar 2005, 07:40
I've been employed in tech sales and client services for the past 5 years and worked for a shipping company for 2 years right out of school. I'm now looking to get an MBA or MS in Real Estate and I have a few Q's that I'd like some opinions on;

1.) Is an MBA better for a career switcher like me than an MS which is more concentrated?

2.) Do you think my career prospects will be good if I get an MS, i.e. will they be comparable to an MBA?

3.) Do you know where I can find good career stats for MS programs. They seem to have eluded me on the Web.

5.) Any other thoughts, opinions would be welcome?
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 [#permalink] New post 31 Mar 2005, 08:25
Do you have a particular MS in Real Estate in mind?

Are you firmly committed to working in Real Estate?
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 [#permalink] New post 31 Mar 2005, 09:54
Yes, I am committed to working in Real Estate.

There are not too many schools that offer either an MS or MBA in Real Estate. The ones I had in mind, because of various reasons such as my work experience, my undergraduate grades (only 2.8), the great letters of rec I can get, my personal experience with Real Estate (I own an apt. bldg. and have flipped a few properties) are below. I have left out the "top" programs such as Wharton, USC, UCLA, Columbia, MIT, and Cornell because I do not think I'll have a chance to get in.

NYU (MS or MBA)
UCONN (MBA)
Johns Hopkins (MS)
U Wisconsin (MBA)
U Georgia (MBA)
Georgia State (MS)
Indiana (MBA)
U Arizona (MS)
U San Diego (MS)
U Colorado Boulder (MBA)
American U (MBA)
George Washington (MBA)
Texas A&M (MS)
SMU (MBA)
Clemson (MS)
Penn State (MS or MBA)
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 [#permalink] New post 31 Mar 2005, 17:08
If I read your post correctly, your GPA is pretty old so you could probably point to successes in your career, the GMAT, and other coursework to mitigate the low GPA.

I think a good avenue to pursue is an MBA program that is associated with a strong MS program in real estate. For instance, Florida's MBA/RE looks worth considering in that you can specialize in real estate at the same time has you retain the flexibility of an MBA.

In what region do you plan to work?
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 [#permalink] New post 01 Apr 2005, 08:16
Yes, I've been out of school for 8 years now. To be frank, I'll work in any region of the country if there is "opportunity" but I prefer to be on either coast. Ultimately, I'm just trying to play with the cards I'm holding.

Why do you think an MBA is the better option? My opinion today, and it may change tomorrow, is that the MS may be better for me for a number of reasons.

1) I've been studying for the GMAT for a few months now and I'm improving but I don't necessarily think I will score in the mid 600's. Maybe if I get a tutor from Veritas or Manhattan I can get there. I have already taken the PR regular course and found it helpful to a degree in outlying my exact strategy for each questions type. This matters because if I do not do exceptionally well on the GMAT I can enroll in NYU's School of Continuing and Professionsl Studies for a Graduate Certificate in Real Estate (4 classes). If I get a 3.0 average or above I can automatically matriculate into the NYU MS Real Estate program. (This is one of the best real estate programs out there). I have much more confidence in my ability to get at least a 3.0 than approx a 650 on the GMAT.

2) I am set on Real Estate. One of my goals in life is to eventually own enough investment properties to be able to live off the income and develop some properties as well. Real Estate is something I understand (I'm the son of a contractor, etc. ) and it seems to be the only game where I can see the whole chessboard. Working for others is not my goal but I will certainly work in Real Esatate (for the right reasons such as money, contacts, knowledge, resources) for many more years to be able to get to where I want to be. So, the more knowledge I have on financing options, development, R.E. law, etc. the better I'll be. I don't neccesarily want to be a manager of direct employees and run some large division of a company. I think I can make significantly more money, be master of my own time, and enjoy my life better if I seperate myself from the hierarchy of corporate culture, which I can't stand. So I don't think I should take mgt, HR, Info Sys Mgt and other classes that MBA students have to take.
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 [#permalink] New post 01 Apr 2005, 08:40
You make a number of good points. If you are firmly committed to real estate then the flexibiliy of the MBA is of little use to you (unless, of course, you change your mind). Nonetheless, note that for many of the business schools you have mentioned a 650+ score is not necessary.
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 [#permalink] New post 03 Apr 2005, 15:01
True, a 650 score is not a certain necessity for many of the schools I have mentioned. But I would personally think hard about getting an MBA from a second tier school vs. an MS in real estate from NYU (which is an internationally acclaimed program). Although the courses taught in an MBA would certainly be useful to me if I were to start my own business I think an MS plus some supplemental MBA type courses along the way from NYU's School of Continuing and Professional Studies would give me the perfect education to run my own development/property management/private equity firm.
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 [#permalink] New post 01 Oct 2005, 22:57
Hi,

I'd strongly recommend shooting for the stars. You NEVER know where you can get into.

When I did my application process, I opted for the "elites" that you mentioned and somehow got into my top choice, despite less than stellar grades. I did, however, do really well on the GMAT. You've been out of school long enough that GMAT would be weighted much heavier anyways.

Good luck!
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 [#permalink] New post 01 Feb 2006, 13:27
Hello,

Does anyone know of the added value of doing both an MBA and a Masters in Real Estate concurrently? I'm considering a dual program but I'm not sure if the benefits exceed the time and cost of doing both.

Thanks.
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More Real Estate concentration MBA questions [#permalink] New post 18 Jan 2007, 12:52
My scenario is similar to that of the author of this topic. My Bachelors degree is in Real Estate (Fresno State) and I've been out of school for 14 years. I started my own real estate appraisal firm as a junior in college and the business has been very successful. I've been encouraged by others to teach at the local university. I really don't need an MBA for my career. It is more for professional development and for eligibility for potential teaching opportunities if they arise. I'm also the father of 3 small kids and the sole provider for the family. I've focused in on the real estate concentration MBA from Florida State because it is the only online MBA program I've found with a concentration in real estate. If there are others I'd like to know about them. Now for the bad. While my upper division GPA was OK (3.1), my lower division (GE) was well less than stellar. My cumulative GPA is 2.7. I just finished my first practice GMAT test from Princeton Reviews website and scored about 500. Does anyone know if the low GPA would automatically preclude me from admission? Do I need a stellar GMAT score to offset the GPA or does my work experience outweigh my academic performance?
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 [#permalink] New post 26 Jan 2007, 23:45
I'm no expert, but I always got the feeling that the longer you've been working, the less undergraduate matters (i.e. GPA) matter. Given that you have your own successful real estate appraisal business, I think they would focus on that a lot more than GPA.

I've known people with lower GPAs who have gotten into decent business schools, so I don't think you would be automatically precluded. I think if you just picked up a GMAT book and studied it for a few weeks, you could probably raise your score some.

If you can get an idea of average GMAT and GPA from the online program, it may be a good indicator of where you stand. (Although I'm not sure that information may be available.)
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Re: MS in Real Estate vs. MBA in Real Estate [#permalink] New post 06 Sep 2009, 19:35
MPV52302,

Have you been admitted into any real estate programs yet? If not yet have you narrowed down your options? What do you think about UCONN Real estate MBA program? I"m considering applying for Uconn's MBA program (they have a concentration in Real Estate which would be the reason for me applying) I feel like i'm in a similar boat to you (and others that posted also). I"m interested in real estate and want to make enough income from my real estate ventures to have the ability to choose, if I decide so, to work for myself.

Have you found any specific differences/advantages in working toward an MS vs. an MBA?

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Re: MS in Real Estate vs. MBA in Real Estate [#permalink] New post 11 Sep 2009, 06:29
astachowia -- sorry but it seems MPV's last visit here was April, 2005..
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Re: MS in Real Estate vs. MBA in Real Estate [#permalink] New post 11 Sep 2009, 06:56
When I was taking my MGMAT class, there was a classmate who was studying for GMAt in order to apply to a MS Real Estate program at Columbia. Apparently it has a great reputation among the employers. You should check that program out.
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Re: MS in Real Estate vs. MBA in Real Estate [#permalink] New post 14 Aug 2013, 01:01
I think MS in real estate is better than MBA in real estate because the poor structure of MBA in India if you like to do MBA than you should choose the IIM than you can compare the MS with your MBA
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Re: MS in Real Estate vs. MBA in Real Estate   [#permalink] 14 Aug 2013, 01:01
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