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SVP
Joined: 24 Aug 2006
Posts: 2140
Followers: 2
Kudos [?]:
73
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Real Estate Development and the MBA. What are the possibilities? What career progression and day to day responsibilities?
Anyone?
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GMAT Club Legend
Affiliations: HHonors Diamond, BGS Honor Society
Joined: 05 Apr 2006
Posts: 5881
Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45
WE: Business Development (Consumer Products)
Followers: 196
Kudos [?]:
1365
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A good question....
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SVP
Joined: 01 Nov 2006
Posts: 1855
Schools: The Duke MBA, Class of 2009
Followers: 14
Kudos [?]:
176
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I met a guy who was in real estate development and considering Cornell's MBA. They've got a good real estate program, I believe.
MBAs are about running stuff and making money. Real estate development is about giant projects and making money. Seems like a good match to me.
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Manager
Joined: 04 Jan 2007
Posts: 94
Location: Bay Area
Followers: 1
Kudos [?]:
3
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Many go to work for REITS or REIT research, sell or buy side.
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Manager
Joined: 06 Feb 2006
Posts: 223
Followers: 2
Kudos [?]:
4
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I guess schools in big cities tend to have good real estate program (Berkeley in Bay area, Emory in Atlanta, and so on)
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Current Student
Joined: 29 Jan 2005
Posts: 5289
Followers: 17
Kudos [?]:
91
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Anything plus an MBA seems to yield dividends these days
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Director
Joined: 06 May 2006
Posts: 791
Followers: 3
Kudos [?]:
7
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Current Student
Joined: 24 Aug 2005
Posts: 260
Followers: 1
Kudos [?]:
4
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I don't know much about Real Estate Development, but I am somewhat interested in the investing and financing side. Specifically, mortgage backed securities and other types of real estate derivatives. I guess that would entail working for a big bank, which I'm not super keen on. Anyone have exp working with MBS's? What did you do, exactly?
Also, I think working as a research analyst for a REIT would be interesting. Kind of like working for a mutual fund, only instead of analzying companies, you're analyzing apartments, office buildings, warehouses, etc, right?
As for programs, I know that Wharton and Berkeley have good ones.
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VP
Joined: 11 Dec 2006
Posts: 1429
Location: New York, NY
Schools: NYU Stern 2009
Followers: 34
Kudos [?]:
216
[0], given: 6
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MBS is as far away from property as you can believe. Like anything when bankers get their hands on it, the underlying entity itself matters little - more how they behave when there are lots of them. It involves lots of ratios, data quality issues, more data, some data, and lots of too-and-fro with rating agencies and lawyers. And Data.
Most the factors of MBS are things that effect loan prepayment, it just happens to be houses.
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