Rutgers Business School students who are weighing an MBA in real estate will have a chance to hear directly from industry leaders next week, as the Rutgers Center for Real Estate hosts its first-ever career seminar since the program was launched roughly two years ago.Slated for 2:30 p.m. Wednesday, March 23, at the school’s Newark campus, the seminar will bring students together with active professionals who represent a range of disciplines within the real estate sector, according to its organizers. They include everything from developers and brokers to a lender and a mortgage broker.
“This career seminar is really an exceptional opportunity for the students,” said Paul Profeta, a member of the Center for Real Estate’s executive committee. “They are going to be able to see the titans of New Jersey’s real estate in one room answering their questions.”
Profeta, president and owner of West Orange-based Paul V. Proteta and Associates Inc., said he has seen the success of comparable real estate career seminars at Harvard Business School and Columbia Business School. He will be among the speakers during the 90-minute program and will give his insights as a value-added investor.
The program’s other speakers include:
- Christopher Paladino of New Brunswick Development Corp., a developer of office and mixed-use buildings
- George Jacobs of Jacobs Enterprises Inc., a shopping center developer
- Jeff Milanaik of Bridge Development Partners LLC, an industrial developer
- Ronald Ladell of AvalonBay Communities Inc., a multifamily developer
- David Bernhaut of Cushman & Wakefield of New Jersey, an investment sales broker
- Robert Donnelly of Cushman & Wakefield of New Jersey, a leasing broker
- Walter Sierotko of Provident Bank, a lender
- Ray Cirz of Integra Realty Resources, an appraiser
- Mark Scott of Commercial Mortgage Capital, a mortgage broker
- Chris Johnson of Hollister Construction Services, a construction manager
Profeta, who donated $1.5 million to Rutgers in 2013 to help it establish a chair in real estate, said the seminar will be critical to helping Rutgers students decide whether to pursue another degree. He added that “young men and women, interested in a successful business career, have to make a calculation when deciding whether or not to pursue an MBA.”
“Basically the equation is this: they are going to interrupt their earnings stream for at least two years and incur significant debt in anticipation of obtaining a substantially better paying job upon graduation,” Profeta said. “If the right hand side of the equation appears inviting to them, they take the plunge.”