Michigan Technological University Graduate School

MBA, On Campus Full Time (1 year)

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MBA in Real Estate

Would you like to prepare yourself for a (further) career in the real estate industry or in connection with real estate? With us you will find information on suitable MBA courses, both directly in the real estate sector, as well as suitable additional study options. And of course we provide a list of all universities and degree programs as well as detailed information about the course content. We also asked graduates for experience reports.

The real estate industry is one of the largest and most important sectors in Germany and unites about 20% of all companies and 10% of all employees in the German economy. The gross value added of the real estate industry in the broadest sense was around 434 billion euros in 2011. This corresponds to around 20% of the total gross value added in Germany.

Many impressive numbers. Whatever they mean: The real estate industry is a large field of employment with numerous career opportunities, If you want to further qualify after completing your first degree and above all want to develop know-how in the business aspects of the real estate industry, you are well advised with an MBA. Whether you choose a Real Estate MBA or an MBA that is not quite as specialized, such as General Management, depends on your career preferences.

For prospective real estate managers, there are several options for training with an MBA:

1.) MBA courses specializing in real estate

There are a handful of universities and academies in Germany that offer specialized real estate MBAs. The students analyze and question real estate issues such as property management and property law. The proportion of real estate-specific course content is quite high, but less basic business knowledge is imparted.

The curriculum includes subjects such as project development, real estate valuation, strategic real estate management, technical aspects of construction or sustainable real estate development.

Advantage: Anyone who wants to pursue a career in the real estate industry is well advised with these MBA courses, as they convey expert knowledge from the industry.

Disadvantage: An MBA is actually supposed to convey generalist business knowledge. And if you later reorient yourself professionally, a Real Estate MBA won't do you much good.

2.) Generalist MBA programs

An alternative are non-specialized MBAs, such as in general management, All areas of business administration are taught during the course of the course. These usually include subjects such as marketing, human resources, economics, accounting, investment, controlling and corporate management.

Forms of study

All Real Estate MBA courses are offered part-time,

For the part-time courses, it should be noted that some providers rely on block tuition, which can also take a whole week, The MBA International Real Estate Management at the Academy of the Biberach University of Applied Sciences consists of 11 weeks of presence in 5 blocks. These blocks take place from Monday noon to Saturday noon. So you definitely need an exemption from the employer or enough vacation days.

On the Campus of Finance of the Nürtingen University of Economics and Environment, a real estate MBA is offered, which primarily focuses on weekend classes (on Fridays from 4 to 9 p.m. and on Saturdays all day), but also requires a few presence weeks. The course of study at the International Real Estate Business School (IREBS) at the University of Regensburg is structured similarly,

It is therefore important that you compare these attendance appointments precisely and compare them with your own appointment calendar. Is it even possible to take several weeks off to attend the lectures? Is the place of study close to you so that you don't have to commute across the country? These are important questions when choosing an MBA.

Course of study and duration

The MBA courses for the real estate industry usually last three or four semesters, In the case of a three-semester course, lessons are usually only available in the first two semesters, the third semester is reserved for the final thesis. With a four-semester MBA, one semester more lectures are planned.

Requirements

In order to start a real estate MBA, you need a first university degree, for example a bachelor or diploma. Furthermore, professional experience of at least one year is required. In some cases, you must also bring proof of good English language and management skills (TOEFL or GMAT).

Costs

An MBA is always a high investment in your own education. We have put together some costs as an example:

• Academy of the Biberach University: 16,750 euros
• IREBS of the University of Regensburg: 20,500 euros
• HfWU Nürtingen-Geislingen: 23,100 euros
• BBA - Academy of Real Estate Management: 13,000 - 15,500 euros