Best Real Estate MBAs in the Northeast
While a career in real estate is not one of the most popular options for MBA graduates, it is a solid choice. The U.S. real estate industry pulls in over $166 billion in revenue each year, and markets in India, China, and other emerging economies are poised to expand. So, the question is, if you’re looking to go to school in the Northeast, where are the best MBA programs to help build a career in the industry? We’ve highlighted five of our favorite Northeast real estate programs below.
The Best Northeast Real Estate MBA Programs
The NYU Stern School of Business offers full-time MBA students a chance to specialize in real estate. According to the school, it “provides rigorous training in the development, investment, and financing of real estate projects.” Students who choose the specializing are taught to think strategically about real estate in primary and secondary markets including the legal, taxation, and regulatory environments they’ll encounter.
Real estate MBA curriculum includes classes such as:
- Real Estate Development and Entrepreneurship
- Real Estate Transactions
- Real Estate Investment Strategies
- Urban Systems
Real Estate Outside the Classroom:
- Center of Real Estate Finance: Established in 2012, the Center is dedicated to expanding the School’s course offerings and career services in real estate. It’s open to both MBAs and undergraduates alike and offers monthly events, research and more.
- MBA Real Estate Club: The Stern Real Estate Club (SREC) offers guest lectures, panel discussions, mixers, site visits, and case competitions for MBA students interested in expanding their real estate experience and insight.
The Georgetown University McDonough School of Business also offers a specialization in real estate for MBA students, which can include an intensive learning experience (ILE) in real estate development. ILEs are elective courses that offer client-centered work and experiential learning opportunity off campus in a concentrated time format.
MBA students interested in real estate can take courses in:
- Real Estate Private/Public Equity
- Real Estate Private/Public Debt
- Negotiations
- Fixed Income Analysis
Real Estate Outside the Classroom
- Steer Center for Global Real Estate: The Steers Center “offers students unparalleled access to the real estate industry at a global level.” Students gain hands-on experience with the D.C. real estate market through a range of activities from alumni mentoring to internships, job contacts, and more.
- Real Estate Industry Career Coach: Georgetown offers a career coach with specific industry knowledge and relationships in real estate. This career coach will help MBA students with their resume, cover letter, mock interviews, and networking strategy.
At The Wharton School, MBA students can major in real estate. This major includes two required courses in real estate investment and real estate development. The goal of the major is to “prepare students to be leaders in the real estate industry” and provide the necessary quantitative and qualitative tools to be successful. Offered since 1985, the major has grown in scope and size over the years.
Additional courses in real estate that Wharton MBA students can enjoy:
- Global Real Estate: Risk, Politics, and Culture
- Urban Real Estate Economics
- Real Estate Law
- Real Estate Entrepreneurship
Real Estate Outside the Classroom
- Samuel Zell & Robert Lurie Real Estate Center: Each year, the Real Estate Center sponsors conferences, seminars, and special programs for students and faculty interested in real estate. Established in 1983, it promotes excellence in real estate education and research.
- Wharton Real Estate Club: The Wharton Real Estate Club provides career development, mentorship, and networking opportunities for students at Wharton. Of particular note are the treks and tours that allow students to meet prospective employers, visit project sites, and gain first-hand experience.
The Columbia Business School’s MBA Real Estate program “provides students an unparalleled opportunity to expand their entrepreneurial skills while focusing on real estate finance and investment management.”
The program encourages students to view real estate as both a physical and financial product by emphasizing a blend of theory and practice. Throughout the curriculum, students work on 65-plus proprietary real estate business cases taught by real estate professionals.
The real estate curriculum differs every term, but it includes courses such as:
- Real Estate Finance
- Real Estate Transactions
- Real Estate Portfolio Management
- Social Impact Real Estate Investing and Development
Real Estate Outside the Classroom
- Paul Milstein Center for Real Estate: The Center for Real Estate integrates the theoretical and practical knowledge of real estate. It offers regularly hosted events including panel discussions, conferences, alumni career breakfasts, and symposiums
- Fellowships & Scholarships: Uniquely, Columbia offers multiple fellowships and scholarships for MBA students interested in real estate. Awards can be as much as $50,000 a year and are both merit-based and need-based.
Full-time MBA students at the Rutgers Business School can customize their education with a real estate concentration. In total, students who choose this path will take six courses in real estate including strategic management. They can also pursue a dual concentration in finance and real estate, which requires them to take a course in aggregate economic analysis.
Other potential real estate courses that MBA students can take, include:
- Real Estate Finance
- Real Estate Capital Markets
- Market Analysis and Valuation
- Property Management and Real Estate Investment Management
Real Estate Outside the Classroom
- Center for Real Estate: The Rutgers Center for Real Estate is a dynamic hub for students, academics, and professionals. It aims to educate, research, and exchange ideas on real estate. Currently, more than 95 real estate professionals lend their influence to the Center.
- Rutgers Real Estate Club: The Club is a “place for people interested in real estate, internships, and everything business. It brings together experienced speakers for a variety of events and opportunities.
Georgetown Employment Report Reveals Record-Setting Job Offers, Salaries
Georgetown University’s McDonough School of Business set records this year for both salaries and job offers according to its Class of 2018 Employment Report, released earlier this month. An impressive 98 percent of students received job offers within three months of graduation, and average full-time salary rose to an all-time high of $116,946.
MBA Graduates Get More Money and More Job Offers
Compared to last year, average starting salary increased by 4 percent. The average signing bonus for the latest graduating class was $31,036, up 9 percent year over year.
The record-setting 98 percent of students who received job offers within three months of graduation represented a 5 percent jump over the prior year. Ninety-four percent of 2018 graduates had accepted an offer within three months, up 2 percent from last year.
“Through a personalized approach to the job search, opportunities for career treks throughout the United States and around the world, and a global alumni network of 190,000 graduates, the MBA Career Center ensures students are placed in the positions that inspired them to attend business school,” Doreen Amorosa, Associate Dean of McDonough Career Services, said in a press release.
MBAs Choose Consulting, Financial Services, and Technology
For the second year in a row, consulting, financial services, and technology were the top three industries for MBA graduates. However, the breakdown within these three industries saw some shifts.
Last year, financial services was the top industry of choice, drawing an even third–33 percent–of students. Consulting was second, drawing 28 percent of grads, and technology was a distant third, at 13 percent. The most recent graduating class headed off to these three leading industries in more equal numbers. Consulting, for its part, drew 25.5 percent of students, followed by financial services at 21.7 percent, and tech at 17.5. In both years, nonprofit/social impact came in fourth, attracting 8 percent of the Class of 2018 and 7 percent of the Class of 2017.
MBA Internships Remain Steady
As for this year’s class of MBA student internships, the results remained similar to previous years with only slight increases. This year, 100 percent of students secured an internship, and 86 percent of those positions were paid an average of $7,043 per month. This was an uptick over last year, when interns averaged $6,501 per month. Also, 78 percent of all internship positions were facilitated by the MBA Career Center, a ten percent increase from 2016. Student interns gravitated toward the finance/accounting (34 percent), consulting (28 percent), and marketing & sales (17 percent) industries.
This article has been edited and republished with permissions from its original source, Clear Admit.
Georgetown’s Newest MBA Application Essays Have Been Announced
The Georgetown University McDonough School of Business recently announced its newest application essays for admission to its full-time MBA and all-new Flex MBA programs.
According to the business school, which announced the new essays on Thursday, August 15, “Applicants can now choose one essay among three essay prompts, allowing them to showcase what they believe sets them apart from other applicants, either their leadership experience, how they have overcome challenges, or their values and beliefs.”
Shelly Heinrich, the McDonough School of Business Interim Associate Dean for MBA Admissions, says, “It’s important to us to that our students represent a diversity of backgrounds, experiences, cultures, and more—and we realized that professional and personal experiences showcasing this diversity do not always fit neatly into a single essay prompt.”
“We want to give applicants the flexibility to distinguish themselves from a competitive applicant pool,” Heinrich adds.
Applicants may submit one of the three following Georgetown MBA essays during their application process, in 500 words or less:
- Describe a situation when you were asked to lead outside of your comfort zone. What leadership characteristics did you exemplify in this situation that allowed you to succeed?
- Describe a situation when failure has been your fuel. What was your failure (or when did you not succeed to your full potential), and how did you use this as motivation to move forward and be successful in a future situation?
- Describe the personal brand that you will bring to business school using examples or experiences that support how you’ve developed it. How do you believe your personal brand will strengthen the McDonough community? As you complete your MBA program, how do you hope to see your personal brand evolve through the transformative experience of business school?
Hopeful entrants to the Georgetown McDonough full-time and Flex MBA programs may apply on October 9, 2018; January 7, 2019; April 1, 2019; and May 1, 2019. Click here to learn more about the school, its MBA programs, and admissions process.
The Best Healthcare Management Programs in Washington DC
Healthcare management is among the fastest growing jobs in the United States today. According to the U.S. Bureau of Labor Statistics, a 20 percent increase is expected for jobs the field of medical and health service management over the next ten years. Given that the average growth rate for all other occupations is just 7 percent, this reveals a significant boost expected within this field.
Given how quickly this field is growing, jobs in healthcare management can be competitive. One of the best ways to set yourself apart in the job market is with a specialized degree in healthcare management, demonstrating to employers that you have the specific skill set the job requires. If you are eager to join this growing industry, or looking for a career path that allows you to combine a passion for business with a love of medicine, you may want to pursue a degree in healthcare management.
Many business schools offer MBAs with specializations in healthcare management, or offer other options for customizing your degree to gain credentials in the field.
The Top Washington DC Healthcare Management MBA Programs.
George Washington University School of Business
The School of Business at the highly ranked George Washington University offers an online healthcare MBA program, which combines the generalized business foundation learned during the school’s MBA program with healthcare focused electives. The program explores the most important concepts in business and healthcare amidst a rigorous and hands-on educational environment. In addition to earning an MBA in healthcare management, students may also choose to pursue an additional certificate in fields like Clinical Research Administration, Clinical & Translational Research, Health Care Quality, Integrative Medicine, and more.
The online healthcare MBA at George Washington is 55.5 credit hours, divided among core courses (31.5) and healthcare focused electives (24), offered through the university’s School of Medicine and Health. Students may also petition to have 12 of their elective credits made up of GWU graduate-level healthcare courses outside of the medical school.
Just a few of the many healthcare elective courses offered through SOMHS are listed below:
- Patient Safety Systems
- Issues and Trends in Health Systems
- Introductions to Global Regulatory Affairs
- Regulatory Strategy in the Development of Drugs and Biologics
McDonough School of Business – Georgetown University
The McDonough School of Business at Georgetown University takes their healthcare and business education combo to a new level with the dual MBA and MD program. Within just five years, students will graduate with two degrees; one in medicine and one in business.
The program is broken down with different requirements each year, focused primarily on MD courses at the start, but including at least one MBA core course during the evening each semester. Students will take MBA elective courses throughout the fourth and fifth years, eventually completing the Global Business Experience in the final year. Students interested in the joint MBA/MD program at McDonough must be accepted both by the School of Medicine as well as McDonough before enrolling.
Georgetown University’s precious mascot, Jack, shortly after earning his degree at the School of Medicine / Photo via Georgetown
Student testimonials comment on the way the program has shaped their way of thinking and creatively problem solving. “I am confident that much of what I have gained at the business school will aid me in my career as a physician and will certainly enhance opportunities to improve the healthcare system as a physician-leader,” commented Mark Matza, MD/MBA 2014.
University of Maryland R.H. Smith School of Business
While the R.H. Smith School of Business at the University of Maryland does not offer an MBA concentration in healthcare management, they offer students the opportunity to jointly pursue an MBA and a Master of Science (MS) with a Health Services Leadership and Management specialty. The degree is designed to prepare students for a role as an administrator within a health care system, with the ability to make management-level decisions on a variety of fronts, including strategic planning, governance, and finance. The business education provided by the MBA will also provide students with a strong foundation in leadership and innovation that will allow students to take the lead in designing new approaches to healthcare services. Students with this degree could serve in a variety of roles within the healthcare field, such as a chief nursing officer, consultant, finance officer, and more.
The 68 credit program will be completed over the course of four years, with the MBA requirements mostly being completed in the first two years, and the MSN courses in years three and four.
What Are The Best Washington DC Real Estate MBA Programs?
The U.S. capital, Washington DC, boasts one of the hottest real estate markets in the world. Several variables combine to make this market so interesting, such as a highly affluent and highly transient population, as well as height restrictions on its buildings (so that no building exceeds the height of the Washington Monument), which limits density-related housing shortages. These factors combined with the city’s convenient location on the 95 corridor make DC metro the perfect location for MBA’s looking for a future in real estate.
Below, we’ve laid out three of our favorite Washington DC real estate MBA programs.
The Best Washington DC Real Estate MBA Programs
University of Maryland R.H. Smith School of Business
Students at the University of Maryland’s Smith School of Business (known more affectionately as UMD Smith) can pursue a dual MBA and Masters of Real Estate Development (MRED). Grads carry our their MBA at Smith, and fulfill their MRED requirements via evening classes at the school’s central campus at College Park. The 74-credit dual degree can be completed in two or two and a half years, and involves 42 MBA credits and 32 MRED credits.
The 74-credit MBA/MRED dual degree at UMD Smith sets up real estate hopefuls with a unique skillset.
The MBA/MRED imbues students with more than a bottom line view of their industry. According to the school, the MRED curriculum focuses on “economic viability, environmental respect, social responsibility, and beautiful design.” These elements of the MRED combined with the business acumen gleaned from an MBA education pave the way for well-rounded industry leaders.
McDonough School of Business – Georgetown University
Georgetown McDonough MBA’s benefit from access to the Steers Center for Global Real Estate, which provides students with the resources they need to acquire a nuanced understanding of global real estate. MBA’s with a bent toward real estate can take one class for each of the four quadrants in real estate teaching: public equity, public debt, private equity, and private debt. They can also take the four additional modules within the Real Estate Clinic, which exposes students to live real estate transactions in U.S. markets. The clinic gives students the opportunity to underwrite investments being considered by commercial real estate firms.
George Mason University School of Business
For prospective real estate MBA’s in search of a program built to accommodate school/life balance, the George Mason University School of Business offers an MBA with a real estate emphasis. After MBA’s complete their core classes, they must complete 15 elective credits, which they can individually tailor to their own preferences. George Mason is an ideal option for those with full time jobs or family obligations, in pursuit of a higher degree that will not force them to neglect MBA other full-time commitments. Students can choose to complete their MBA on campus or online, depending on their preference and what their schedule permits. The flexibility of this program does not negate the impact of the degree. In fact, 98 percent of the class of 2017 was employed by graduation.
The George Mason hybrid MBA, which can specialize in real estate, yields an astounding 98 percent employment rate by graduation.
McDonough FinTech Partnership Announced, and More – Washington DC News
What’s new in Washington DC’s business school scene lately? Let’s take a look in this week’s edition of our DC news roundup.
McDonough Announces Partnership for Global Fintech Innovation and Education — McDonough News
The McDonough School of Business at Georgetown University has partnered with the Fintech Consortium (FinCon) and announced a collaborative effort on a number of initiatives related to innovation and education in the rapidly growing field.
“Everything from technological advances like fintech or the impacts of globalization is changing the way business operates. Jobs are going to look different than they have in the past,” said Paul Almeida, dean of the McDonough School of Business. “This is why it is important for schools like Georgetown McDonough to ensure our students and alumni gain the right skills, mindsets, and relationships to be successful. This is why our faculty need to be at the forefront of producing thought leadership about these changes. And, this is why we must be innovative in our approaches to changing how and what we teach.”
According to the school, upcoming projects include the development of fintech certificate and degree programs, joint innovation labs, joint research and publication, and the exchange of fintech ecosystem data. FinCon will also invite McDonough faculty and students to take advantage of its global hubs in Singapore and Bahrain for the purposes of research and academic residencies.
You can learn more about this exciting fintech news here.
Anuj Mehrotra Named Dean of GWSB — GW News & Events
Anuj Mehrotra, a longtime administrator, researcher and faculty member at the University of Miami, will join the George Washington University School of Business this summer as the school’s new dean.
“‘I look forward to working with the school’s world-class faculty, professional staff, alumni, board members and other supporters as we continue to strengthen the school’s programs by anticipating and adapting to the shifting needs of students and the business community,’ Mehrotra said.”
Mehrotra has a track record of innovating MBA programs. At Miami, he led the development and launch of more than 10 new programs, including an online MBA and the Miami Executive MBA for the Americas, among others. He also taught various MBA and EMBA classes at Miami and Carnegie Mellon University.
Anuj Mehrotra
Read more about Mehrotra and his plans for GWSB here.
Alumnus and Podcaster Oscar Zeballos Talks Leveraging Unfair Advantages on Bootstrapping — News at Smith
The Dingman Center for Entrepreneurship at the Robert H. Smith School of Business produces its own podcast, Bootstrapped. Hosted by Elana Fine, Executive Director of the Dingman Center, and Joe Bailey, associate research professor at UMD Smith, each episode features interviews with founders, investors, and serial entrepreneurs.
The newest episode of the podcast gets a little meta, as UMD alumnus Oscar Zeballos EMBA 16, co-founder of Podcast Village and executive producer of Bootstrapped, joins the show to discuss the business model behind his podcast company and the future of podcasting.
To listen to the podcast, subscribe to Dingman Bootstrapped on iTunes or download the episodes on the Dingman Center website.
