Baker Program in Real Estate Employment Report 2021

Curious about your potential for job placement and earnings from the Master of Professional Studies in Real Estate (MPS-RE)/The Baker Program? Explore the salaries, industry sectors, locations, and companies of recent graduates.

Class of 2021: Full-Time Employment

The Baker Program in Real Estate class of 2021 included 31 graduates. Of these graduates, 24 reported that they were seeking full-time employment.

The figures below represent job offers and acceptances reported by MPS in Real Estate (Baker Program) graduates who were seeking full-time employment.

96%

graduates who received a full-time offer

96%

graduates who reported a full-time offer

Class of 2021: Average Base Salary Data

Baker graduates garner highly competitive salaries. The average base salary for all graduates was $90,769.

$90,769

BASE SALARY

average reported by employed graduates

Average Base Salary by Work Status

Baker graduates with permanent US work authorization earned a slightly higher average base salary of $94,286 compared to the average base salary of graduates who did not have permanent work authorization of $86,667.

$94,286

BASE SALARY

average reported by US work authorized graduates
Salary range: $75,000 - $120,000

$86,667

BASE SALARY

average reported by non-US work authorized graduates
Salary range: $28,000 - $165,000


Salary Data

Interested in how average base salary changes by work status, location, or industry? Take a look at the most recent graduate data below.

Average Base Salary by Industry

Baker graduates are hired into a variety of industries, with the current class going into two: real estate and financial services. Almost three quarters of the class accepting careers in real estate with the balance of 27 percent employed in financial services.

73%

Class of 2021 Graduates

are employed in the Real Estate industry

$95,636

REAL ESTATE INDUSTRY AVERAGE BASE SALARY

Median: $92,000
Range: $60,000 - $165,000


Average Base Salary by Detailed Job Function

Baker graduates primarily moved into finance roles after graduating in 2021. The table below reflects available data.

Job FunctionAverage
Base Salary
Median
Base Salary
Salary RangePercent
Employed
Finance*$72,000$80,000$28,000 - $100,00036%
Real Estate
Development
$104,000$95,000$75,000 - $165,00057%
Other***7%

*includes combined finance functions: asset management, financial analysis, investment banking, private equity


Average Base Salary by Region

The majority of our graduates –89 percent– remain in the United States when they embark on their careers. The average base salary for US-based employees is $101,428. A small group, 11 percent, of our graduates are employed overseas.

North America
Region
Average
Base Salary
Median
Base Salary
Salary RangePercent
Employed
Northeast$105,000$97,500$60,000 - $165,00022%
West***22%
South$96,667$95,000$75,000 - $120,00017%
Midwest***11%
Southwest***11%
Mid-Atlantic***6%

Top Hiring Companies

The following companies represent the top hiring companies who offered full-time opportunities to graduates of the Baker Program in Real Estate.

bowery-valuation-logo-svg
Empire State Realty Trust logo
GF Fund logo
Houlihan Lokey Inc logo
JRK Property Holdings logo
Lendbase logo
Presidium logo
Saracen logo
Truist logo
Woolbright Development logo

*Due to the small and intimate class sizes, some breakout compensation data is unavailable due to insufficient data points to meet the threshold to ensure anonymity.


Ready to See Where the Cornell Baker Program in Real Estate Can Take You?

The Baker Program is the most comprehensive commercial real estate degree of its kind, with five areas of concentration, allowing you to customize your learning to your interests. Find out if it’s the right program to help you accelerate your career in real estate.

View previous reports:
2020 Baker Employment Report
2019 Baker Employment Report