Hello all,
Congrats to all of you who got admitted for this upcoming Fall! Reaching out to ask if any of you have done the part-time programs for MSRE/MRED while working, and your experience doing it. I have a feeling my shop likely won’t let me take a leave of absence to do a full-time program and I’m also not very open to being away from work for that long.
| +51 | Leave brokerage to be GP | 12 | 11h | |
| +46 | New Comp Database - Google Form (Now with Data Validation) | 24 | 10h | |
| +24 | Seeking Career Guidance in Real Estate Development Post-Graduation | 3 | 1d | |
| +23 | Going out on your own | 4 | 15h | |
| +22 | REPE/Development GPA | 15 | 3d | |
| +21 | Real Estate = complicated + underpaid | 15 | 14h | |
| +17 | Fisher Brothers | 6 | 15h | |
| +17 | MSRE/MSRED with no RE experience; Naive to think I’ll land a job afterwards? | 4 | 4d | |
| +15 | Spreads over SOFR/UST | 1 | 12h | |
| +13 | How to recommend a RE investment? (Interview help) | 3 | 2d |
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Based on the most helpful WSO content, pursuing a part-time MSRE (Master of Science in Real Estate) or MRED (Master of Real Estate Development) while working is a path that many professionals in the real estate industry consider. The decision to pursue a part-time program often stems from the desire to advance one's education and credentials without stepping away from the professional world. Here's a breakdown of what you might expect based on insights from the WSO community:
Balancing Work and Study: One of the biggest challenges you'll face is managing your time effectively to balance the demands of your job with your coursework. This might involve dedicating evenings and weekends to studying, attending classes, and completing assignments. It's crucial to have good time management skills and possibly negotiate some flexibility with your employer.
Employer Support: While you mentioned that your shop might not let you take a leave of absence, it's worth exploring if they offer any support for part-time studies, such as tuition reimbursement or flexible working arrangements. Some companies see the value in having their employees gain further education and might be willing to accommodate your schedule or even contribute financially.
Networking and Applying What You Learn: One of the advantages of doing a part-time program is the ability to immediately apply what you learn in your current role. Additionally, you'll have the opportunity to network with peers in your cohort, which can be beneficial for your career. This real-time application and networking aspect is often highlighted as a significant benefit of part-time programs.
Online and Hybrid Options: If flexibility is a major concern, consider looking into programs that offer online or hybrid formats. These options can provide even greater flexibility, allowing you to manage your studies more effectively around your work commitments. Programs like Georgetown's fully online MSRE are mentioned within the WSO community as reputable options.
Career Impact: Finally, it's important to consider how a part-time MSRE/MRED will impact your career. While the part-time route allows you to continue gaining work experience, it also opens up opportunities for advancement by enhancing your knowledge and skills in real estate development.
In summary, pursuing a part-time MSRE/MRED while working is a viable option for many professionals. It requires a significant commitment and excellent time management, but it can be highly rewarding in terms of career advancement and personal growth. Be sure to weigh the pros and cons and consider how such a program aligns with your career goals.
Sources: MBA after entry-level development role?, https://www.wallstreetoasis.com/forum/real-estate/mba-programs-for-real-estate?customgpt=1, NYU Part-time MBA doable while working 60-70 hrs?, To anyone considering an MBA, To anyone considering an MBA
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What are you currently doing? How will an MRED get you to where you want to go? Can you get there without going back to school? Is the opportunity cost of going full time with the spend? Those are important questions IMO.
I started part time and then transitioned to full time. Are you looking for a career change or is it just to check the box? If just to check the box than part time is fine, if career change within the industry you have to go full-time to do internships/etc or its a waste of time/money.
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If you want more education, why not pursue a MBA instead? It is more versatile and useful in case you leave real estate.
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