Recent Employers
Graduates of the MIT Center for Real Estate's MSRED program are employed by real estate organizations of all types — from private to public, from domestic to international, and from the largest global firms to solely owned proprietorships — and at highly competitive compensation rates. The following list is a sampling of organizations currently employing MIT/CRE graduates:
- AEW Capital Management, L.P.
- AIG Global Real Estate Investment Corp.
- AMB Property Corporation
- Amli
- Archon Group
- AvalonBay Communities
- Bank of America
- Beacon Capital Partners
- Boston Properties, Inc.
- Burger King Corporation
- C.B. Richard Ellis AG
- Catellus Development Corporation
- Clarion Partners
- Corcoran Jennison
- Credit Suisse First Boston
- Cushman & Wakefield
- Dell Computer
- Development Bank of Japan
- Draper & Kramer Realty Advisors Inc.
- EDAW
- Enterprise Foundation
- Ernst & Young
- Fidelity Real Estate
- First Union National Bank
- Forest City Commercial Group
- Forest City Ratner Co.
- Freddie Mac
- GE Capital
- General Motors Investment Management
- General Services Administration
- Goldman Sachs
- Gov. of Singapore, Investment Corp
- Hawkins Companies
- Heitman Finance Group
- Hellmuth Obata Kassabaum
- Hines
- J.P. Morgan & Co.
- John Hancock Real Estate Inv. Grp.
- Jones Lang LaSalle
- Key Bank - Commercial Real Estate
- Leggat McCall Properties
- Lehman Brothers
- Liberty Property Trust
- Lowe Enterprises Commercial Group
- Manekin L.L.C.
- Marriot International
- Merrill Lynch
- Mesirow Stein Real Estate, Inc
- Millennium/MDA Partners
- Moody's Investors Services Limited
- Morgan Stanley
- New Boston Fund, Inc.
- New Plan Excel Realty Trust
- OCWEN Financial
- PricewaterhouseCoopers
- ProLogis Japan
- Prudential Real Estate Investors
- RREEF
- Russell Real Estate Advisors Inc.
- Staples, Inc.
- State Teachers Retirement , Ohio
- Summit Properties
- TA Associates Realty
- Taubman Company
- Taurus New England Investments Corp.
- The Blackstone Group International
- The Boyer Companies
- The Community Builders
- The Macerich Company
- TIAA-CREF, Mortgage & Real Estate
- Trammell Crow Company
- UBS Realty Investors, LLC
- W.P. Carey & Co., Inc
- Westcor Partners
Recent Compensation Figures
The MIT Center for Real Estate is now the alma mater for over 700 graduates, ninety-five percent of whom are involved directly in the real estate industry. Their compensation parallels that of graduates of the nation's top business schools.
The average starting salary for MIT/CRE Class of 2006 graduates was $96,949, not counting bonuses. Bonuses normally range from 10% to 25% of the base salary. Base salaries were up to $150,000. The differences in salaries reflect not only the area of real estate the graduate is entering, but also the depth and applicability of prior work experience, and the geographic region in which they are working.
Members of the graduating Class of 2006 reported an average of two employment offers. Alumni have reported overall job satisfaction at high levels, and consistently report that the Master of Science in Real Estate Development has given them the practical knowledge they needed for the increasingly complex and dynamic real estate industry.
For more detail on typical salaries, download the Class of 2006 Salary Survey (pdf 76.6k).
