An MBA in real estate offers students fundamental business knowledge by exploring financial management, entrepreneurship, corporate structures, and organizational leadership. Programs also include information specific to the field, such as market values, development, and the legal aspects of contracts. This combination of business and real estate prepares you for careers with promising growth projections. For instance, the Bureau of Labor Statistics projects a 14% increase in real estate assessor and appraiser positions by 2026.
This page explores common elements of MBA in real estate programs, educational funding, and potential careers for graduates.
Which Real Estate Degree Should You Choose?
A master of science (MS) and an MBA in real estate cover similar topics, such as real estate finance and law. However, an MBA often focuses more on business concepts with only three or four courses in real estate. An MS explores real estate in more depth but lacks the business foundation. Candidates who want to work as realtors should consider the MBA since it familiarizes students with general real estate, but also builds managerial, leadership, and financial skills for business success.
Types of Master's Degrees in Real Estate
|Degree||Typical Program Length|
Master of Science in Real Estate
This degree covers a variety of real estate concepts, such as appraisal, market analysis, negotiation, law, and property management. Programs may require capstones, like business or development plans for real estate projects. Departments may offer concentrations that include real estate assessment, along with finance and investment.
MBA in Real Estate
An MBA in real estate may require 9-12 credits in real estate courses. Departments may mandate specific classes or allow students to choose from options. The majority of program credits typically concern business principles, such as economic analysis, financial management, and spreadsheet analytics. These programs may not require a capstone.
Online MBA in Real Estate Curriculum
A master's in real estate can explore legal and financial concerns of the field, along with market values and negotiation. Curricula may prioritize communication, business, and organizational skills for discussing project needs and overseeing development. Specific courses vary among programs, but often reflect these ideas through similar classes.
Sample Courses for an Online MBA in Real Estate Curriculum
|Course||Occupations This Course Prepares You For|
Real Estate Market Analysis
Courses examine property types, such as metropolitan and urban areas, and reasons for value increases and decreases. Candidates may gain economic and global insights on property markets.
|Appraisers and Assessors of Real Estate|
Real Estate Law and Contracts
Classes cover laws that relate to buying and selling property. Students may learn to negotiate legally sound contracts and adequately consider tax regulations and property deeds.
|Real Estate Brokers and Sales Agents|
Real Estate Development
Courses may explore the stages of real estate development with attention to legal and economic concerns. Students may also learn to assess potential risks when building and designing residential developments.
|Real Estate Development Manager|
Scholarships for Students Earning Their Online MBA in Real Estate
College expenses include tuition, fees, and textbooks. Students can explore financial aid like scholarships and grants to help manage these costs. Schools and external organizations may offer funding for academic and athletic accomplishments, financial need, ethnicity, and major. Learners pursuing real estate degrees, in particular, can explore the following field-related funds.
College/Postsecondary Education Scholarship $1,000
Who Can Apply: The Kentucky Realtor Institute provides this funding to state learners in graduate or undergraduate real estate programs. Each applicant must possess a 2.0 GPA but may use the scholarship for certificate or degree programs.College/Postsecondary Education Scholarship
Pension Real Estate Association Scholarship Program Varies
Who Can Apply: Students pursuing graduate or undergraduate degrees in real estate may qualify. Candidates who want the maximum scholarship amount should show evidence of financial hardship.Pension Real Estate Association Scholarship Program
Illinois Minority Real Estate Scholarship Program $500
Who Can Apply: Illinois minority learners may earn this funding for programs related to real estate professions. Applicants may work in or intend to enter the field. This scholarship boasts an ongoing deadline.Illinois Minority Real Estate Scholarship Program
Appraisal Institute Education and Relief Fund Graduate Scholarship $2,000
Who Can Apply: Graduate students may obtain this scholarship for real estate programs. Each applicant must submit recommendation letters, a personal statement, a resume, and transcripts that indicate academic merit.Appraisal Institute Education and Relief Fund Graduate Scholarship
Thomas F. Seay Scholarship N/A
Who Can Apply: An Illinois resident in a real estate program may qualify with 30 earned credits and a 3.5 GPA on a 5.0 scale. A recipient does not need to attend an Illinois school but should show evidence of financial need and academic success. Each applicant must submit recommendations and a personal statement.Thomas F. Seay Scholarship
What Type of Degree Do You Need for Real Estate?
What degree you should get for real estate depends on the intended career. For instance, a real estate broker or sales agent may only need a high school degree, while appraiser may need a bachelor's. A student who wants to teach real estate courses at the postsecondary level, however, would require a master's or doctorate. Learners should research professional requirements to determine which degree to earn.
What Can You Do With a Bachelor's in Real Estate?
Many real estate positions require a bachelor's degree or less, such as appraisers, assessors, and managers. However, a master's in real estate covers real estate and business topics in more depth, which can lead to advancement into leadership positions. The higher degree also gives job applicants an edge over the competition who may only hold bachelor's degrees.