The classic Frank Sinatra song says it best: If i can make it there, I'll make it anywhere. New York is arguably the most dynamic and sophisticated REal Estate market in the world, so to pursue your MBA at Columbia with a focus on RE would position you very well for a real estate career to be sure. Of course anyone and everyone with a RE goal will also be applying so the competition for admission is fierce and the application pool is a large one. Standing out is more difficult than applying to a RE-focused program outside New York. As a backup, you might consider applying outside to a school outside the city, but then making sure you get an internship in NYC. Could be a good "back door" if CBS does not give you the attention you expect.
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