Q.1
What is the nature of Columbia's MSRED program?
The MSRED is a development-focused
real estate program. It provides exposure to the
entire development process and practical real estate-specific
training in finance, market analysis, design and
public/private ventures. The ultimate goal is to
facilitate the rapid acquisition of knowledge and
skill sets required for immediate incorporation
into the real estate industry.
The intensive accelerated curriculum is designed
to furnish students with the fundamental tools necessary
for a successful career in real estate development.
The program is characterized by high professional
standards and is driven by a dedicated faculty of
leading industry practitioners. This invaluable
resource of experience is complemented by a dynamic
student body, comprised of backgrounds spanning
historic preservation to finance.
Q.2
How does the Columbia MSRED program differ from
a traditional MBA?
The MSRED program
teaches the specific analytical skills necessary
to succeed in all aspects of the real estate development
process, whereas the traditional MBA aims for a
broad understanding of general business management.
The MSRED features unique coursework that stresses
immersion within a focused curriculum including
Real Estate Finance, Asset Management and Repositioning,
Architecture, Real Estate Law, Construction, and
Public Sector Partnerships. These courses are not
offered in traditional MBA programs that typically
offer only two or three classes focusing on real
estate. The MSRED does not contain classes unrelated
to Real Estate Development.
Additionally, the MSRED offers greater exposure
to the working real estate experience by providing
access to industry events including: the annual
Urban Land Institute (ULI) conference, the Retail
and Institutional Money seminar, and Capital Markets
panels. The MSRED also convenes its own Lunchbox
Lecture and Roundtable series, conducts cutting-edge
research in the Center for High Density Development
(CHDD), and sponsors ongoing networking association
events throughout the year.
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Q.3
What do most graduates do upon completion?
Graduates from our
program who do not immediately form their own development
companies have historically been employed by firms
practicing or financing real estate development.
Although MSRED graduates have shown a clear preference
for positions with developers and financial institutions,
others have sought careers in the public sector
and real estate consulting. Additional placements
include REITs, institutional funding, project management,
planning, market analysis and finance sectors. Specific
placements include:
- APC Realty Advisors/Finance
- AMB/Pension Fund Advisors
- Avalon Bay/Residential Developers
- Bank Of America/Banking
- Biederman Redevelopment
- Catellus/Developers
- Colliers International/Brokerage Division
- Cushman & Wakefield/Brokerage, Structured
Finance Groups
- Downtown Alliance for New York/Economic Development
- Ernst & Young/Real Estate Group
- Goldman Sachs/Investment Bankings
- Ernst & Young/Real Estate Group
- GE Capital/Capital Providers
- Forest City Ratner/Developers
- Hines Interests/Developers
- Holiday Fenoglio Fowler/Finance
- Jones Lang La Salle/Asset Mgmt
- Morgan Stanley/Real Estate Fund
- NYC Economic Development Corp.
- Rockefeller Group/Developers
- Sonnenblick Goldman/Invst Bnkrs
- Sony Corp/Corporate Real Estate
- The Athena Group/Developers
- Tarragon Realty
- Tishman Speyer/Developers
- Tony Goldman/Developer
- Trammell Crow/Brokers
- Vornado Realty Trust/REIT
Q.4
What is the traditional makeup of a Columbia
MSRED class?
The 2007 MSRED class
includes approximately 95 men and women from across
the country and around the world seeking significant
career change or advancement. Students usually have
professional experience in related fields such as
investment banking, urban planning, civil engineering,
real estate law, economic development, asset management,
commercial brokerage, market analysis, management
consulting, environmental planning, preservation,
interior design, and architecture. Often, students
may hold MBA's, JD's and Master's Degrees in development
related fields.
Our international students bring unique cultural
dimensions and broad global perspectives to our
program from the European Union, Eastern Europe,
the Middle East, India, Australia, China, Japan,
Korea, Latin America, New Zealand, the Caribbean,
Canada, and Mexico.
