Discuss the pros and cons of individual programs, and their admissions criteria, with your peers here.
brymruss
Course Students
 
Posts: 2
Joined: Fri Aug 24, 2012 8:51 am
 

MBA vs MRED Decision

by brymruss Thu Dec 04, 2014 2:06 pm

Hi Everyone,

I am a real estate professional who would like to seek higher education in my field. I am trying to learn the major differences and career prospects for graduates of MBA programs with concentrations in Real Estate versus graduates of Masters of Real Estate Development ("MRED") programs. From my understanding, MBAs are more likely to go into finance and investment roles, while MREDs are more likely to fine more entrepreneurial roles with developers. If anyone has any insight, I would really appreciate the help! Thanks.

-Bryan
MattanL31
Prospective Students
 
Posts: 1
Joined: Sat Mar 21, 2015 1:48 pm
 

Re: MBA vs MRED Decision

by MattanL31 Sat Mar 21, 2015 8:50 pm

(posting on behalf of my sig-o)
Hi, I've a somewhat happy but challenging problem, and I wanted to get the forum's thoughts.
I have been admitted to Columbia MRED, MIT MRED with 64% tuition scholarship, and Cornell MRED.
I'm still waiting on USC.
This is good news - but making a choice is hard, esp. since I'm a foreign student and have never worked in real estate and so I know very little about the programs and how to differentiate them.

How would someone compare these programs?
Columbia has the NYC advantage.
I like NYC's energy and it might make part time internships easier to line up.
The MIT scholarship makes it the most economical.
And MIT is a great brand.
And Cornell is the oldest and has an excellent reputation.

I am told MIT is more finance oriented whereas Columbia is more product/development oriented.
And Cornell has both because it runs a bit longer.

A few challenges - English is not my native language so I need to also think thru which program I can actually finish.
(disclosure, I previously was unsuccessful at finishing a grad program b/c of language issues, and I'd hate for this to be a repeat of that experience). So I would prioritize whichever school will support the student best thru the program.
And while none of these programs are easy, I cannot afford to fail out,and I just know my grades may be mediocre/poor if the classes are too hard, due to language issues, so I'd need a more forgiving, supportive program, not a ball-buster program.

Also I'm probably more finance/acquisitions oriented rather than development oriented, but that's conjecture.

Any advice / color on these programs would be super helpful.