Real estate geek watch
At business schools, real estate classes, clubs and internships are a hot ticket.
November 8, 2004: 10:53 AM EST
By Sarah Max, CNN/Money senior writer
SALEM, Ore. (CNN/Money) - Forget Trump. This week, student teams from a dozen business schools will test their real estate savvy in the third annual Real Estate Challenge.
The competition, sponsored by the McCombs School of Business at the University of Texas in Austin, begins on Tuesday morning when teams receive a case study via e-mail concerning anything from what to do with an unprofitable strip mall to whether to invest in a new resort hotel.
Teams have just 58 hours to evaluate the case, organize a presentation and travel to Austin, where a panel of 18 judges from Goldman Sachs and other A-list investment firms will declare a winner.
Real estate, it seems, is all the rage in business schools these days. Courses are full and have waiting lists, schools are rolling out new classes and student-run real estate clubs are doubling and tripling in size.
The real estate club at the University of Southern California has close to 200 members.
Demand for real estate courses at Emory University's Goizueta Business School prompted the school to add a real estate concentration two years ago.
At the University of Pennsylvania's Wharton School of business, where students use points to bid on classes, those related to real estate are "selling" for several times the typical price.
"It's a very popular major right now," said Peggy Bishop Lane, deputy vice dean at Wharton.
Although many of the students focusing on real estate worked in the field before going back to school, she said, many are gravitating toward it for the same reason individuals have been shifting their investment dollars to real estate -- it's in favor.
"We had a record number in the MBA class this semester," said Jeff Fisher, a real estate professor at Indiana University's Kelley School of Business, adding that this is no surprise considering the surge in investor interest in real estate.
Even if students don't plan to make a career in real estate, he said, many want the skills to invest in real estate on their own.
A need for number crunchers
The expectation among students focused on real estate is that the pay will be lower initially, said Stephen Roberts, who is the president of USC's real estate club and working toward a dual masters in business administration and real estate development.
"But there is the potential for higher compensation down the road," he said.
Besides, there are other perks to the job.
"It's a great way to get involved in a community," said Ephram Lustgarten, a first year MBA at Wharton and a competitor in next week's Challenge.
And unlike with, say, consulting, the work is tangible. "You can drive by the property, take a look at it and know you played a role in it," he added.
November 8, 2004: 10:53 AM EST
By Sarah Max, CNN/Money senior writer
SALEM, Ore. (CNN/Money) - Forget Trump. This week, student teams from a dozen business schools will test their real estate savvy in the third annual Real Estate Challenge.
The competition, sponsored by the McCombs School of Business at the University of Texas in Austin, begins on Tuesday morning when teams receive a case study via e-mail concerning anything from what to do with an unprofitable strip mall to whether to invest in a new resort hotel.
Teams have just 58 hours to evaluate the case, organize a presentation and travel to Austin, where a panel of 18 judges from Goldman Sachs and other A-list investment firms will declare a winner.
Real estate, it seems, is all the rage in business schools these days. Courses are full and have waiting lists, schools are rolling out new classes and student-run real estate clubs are doubling and tripling in size.
The real estate club at the University of Southern California has close to 200 members.
Demand for real estate courses at Emory University's Goizueta Business School prompted the school to add a real estate concentration two years ago.
At the University of Pennsylvania's Wharton School of business, where students use points to bid on classes, those related to real estate are "selling" for several times the typical price.
"It's a very popular major right now," said Peggy Bishop Lane, deputy vice dean at Wharton.
Although many of the students focusing on real estate worked in the field before going back to school, she said, many are gravitating toward it for the same reason individuals have been shifting their investment dollars to real estate -- it's in favor.
"We had a record number in the MBA class this semester," said Jeff Fisher, a real estate professor at Indiana University's Kelley School of Business, adding that this is no surprise considering the surge in investor interest in real estate.
Even if students don't plan to make a career in real estate, he said, many want the skills to invest in real estate on their own.
A need for number crunchers
The expectation among students focused on real estate is that the pay will be lower initially, said Stephen Roberts, who is the president of USC's real estate club and working toward a dual masters in business administration and real estate development.
"But there is the potential for higher compensation down the road," he said.
Besides, there are other perks to the job.
"It's a great way to get involved in a community," said Ephram Lustgarten, a first year MBA at Wharton and a competitor in next week's Challenge.
And unlike with, say, consulting, the work is tangible. "You can drive by the property, take a look at it and know you played a role in it," he added.
posted by Hot Spot Homes at 5:31 PM
4 Comments:
Hi Hot Spot Homes, I came across your site while doing a search on courses on real estate. Although you don't have exactly what I'm looking for, your site did provide for quite an interesting read. Thanks, and keep up the good work!
Hello there, Hot Spot Homes, I thought your this post blog was great with good comments. Awesome. Nice Blog. internet businessl .
Well done on a nice blog Hot Spot Homes. I was searching for information on tax lien investment and came across your post this post - not quite what I was looking for related to tax lien investment but very interesting all the same!
Well, Christmas is over and we're all getting ready for the new years and there aren't many investing days left. Although I'm still trying to grapple with where real estate prices are headed next year. My feeling is that there's still room for a little more upside movement during the year, possibly following the now bullish phase of the dollar. The economy's looking good. But best to look out those tax lien properties.
If you do have a moment, please take a look at my new site on: Real Estate Investment .
A happy new year to you and yours! Amon
Unusual blog. I liked the site its from so much I
have to visit it again! I surf the web for blogs like
yours in my spare time.
You got me! I will check out your cash advance orange county blog a.s.a.p!
Post a Comment
<< Home