Curriculum
The Rutgers MBA concentration in Real Estate is designed to provide students with the in-depth understanding of property and property markets and tools necessary to succeed in the real estate industry.
The concentration is built on four core courses: Aggregate Economic Analysis, Real Estate Finance, Real Estate Law and Development. Aggregate Economic Analysis (22:223:591) serves as an introduction to macroeconomics and economic policy making at the national level. Real Estate Finance (22:390:695) offers students an in-depth understanding of applied financial economics and the background and tools necessary to analyze income-producing property from the perspective of an institutional investor. Students will use lease and market information to develop pro forma cash flow projections for a given property and evaluate the risk and return associated with an investment. The third component of the core is Real Estate Law (22:851:650) which offers an overview of the legal issues confronting the real estate executive beginning from the commencement of a real estate transaction and throughout the relationship between the various parties to such transactions. Finally, Real Estate Development (22:851:632) examines the commercial real estate development process focusing on typical strategies, challenges, and risks, as well as providing an overview of the basics of development finance and value.
The principal method of teaching employed in core courses is a lecture-based format supplemented with case studies. Electives will emphasize case studies and project work. All courses will include extensive exposure to the real estate industry through guest speakers.
Advantages
The real estate profession offers a wide variety of career options in a range of commercial sectors – Investment Analyst, Asset Management, Development, Commercial and Residential Brokerage, Appraisal, Commercial and Investment Banking, Property Management and Mortgage Brokerage.
Students enrolled in the MBA Concentration in Real Estate will have unparalleled access to industry leaders through the newly created Center for Real Estate Studies. The Center is supported by a 70-member advisory board consisting of the most influential and innovative real estate firms in the New York/New Jersey metropolitan area who will serve as guest speakers and hire Rutgers graduates. Members of the Advisory Board include CEOs and senior executives at Prudential Real Estate Investors, Citibank, Canoe Brook Management, Hampshire Real Estate, Jacobs Development, Paul V. Profeta and Associates, AvalonBay Communities, CBRE, Cushman & Wakefield, Prologis and many other top-tier firms. The Center will also provide mentoring, internships and career opportunities in the real estate profession.
Full-Time MBA Concentration Requirements
The MBA concentration in Real Estate is comprised of 6 courses (18 credits) in total – 4 required courses and 2 electives.
It is strongly recommended that students interested in the MBA concentration in Real Estate take Urban Entrepreneurship & Economic Development as their Integrative Course Requirement.
RE core requirements (12 credits)
| Course number | Title | Credits |
|---|---|---|
| 22:223:520 (FT) 22:223:591 (PT) |
Aggregate Economic Analysis | 3 |
| 22:390:695 | Real Estate Finance | 3 |
| 22:851:650 | Real Estate Law | 3 |
| 22:851:632 | Real Estate Development | 3 |
Electives (6 credits, choose 2 courses):
| Course number | Title | Credits |
|---|---|---|
| 22:390:673 | Real Estate Capital Markets | 3 |
| 22:851:630 | Market Analysis and Valuation in Real Estate | 3 |
| 22:390:605 | Advanced Financial Management | 3 |
| 22:620:617 | Negotiations | 3 |
Part-Time MBA Concentration Requirements
The Primary Concentration in Real Estate
The MBA primary concentration in Real Estate is comprised of 5 courses (15 credits) in total – 4 required courses and 1 elective. Students pursuing concentrations in Finance and Real Estate at the same time will need to take only 3 required courses as Aggregate Economic Analysis counts for both programs simultaneously.
It is strongly recommended that students interested in the MBA concentration in Real Estate take Urban Entrepreneurship & Economic Development as their Integrative Course Requirement.
RE core requirements (12 credits)
| Course number | Title | Credits |
|---|---|---|
| 22:223:520 (FT) 22:223:591 (PT) |
Aggregate Economic Analysis | 3 |
| 22:390:695 | Real Estate Finance | 3 |
| 22:851:650 | Real Estate Law | 3 |
| 22:851:632 | Real Estate Development | 3 |
Electives (3 credits, choose 1 course):
| Course number | Title | Credits |
|---|---|---|
| 22:390:673 | Real Estate Capital Markets | 3 |
| 22:851:630 | Market Analysis and Valuation in Real Estate | 3 |
| 22:390:605 | Advanced Financial Management | 3 |
| 22:620:617 | Negotiations | 3 |
The Secondary Concentration in Real Estate
The secondary concentration in real estate is designed for students with interests in other academic areas within RBS that also want to acquire some exposure to the core ideas and tools used in the real estate industry.
The secondary concentration in Real Estate is comprised of 4 courses (12 credits) in total – 3 required courses and 1 elective. Students pursuing a concentration in Finance and secondary concentration in Real Estate at the same time will need to take only 2 required courses as Aggregate Economic Analysis counts for both programs simultaneously.
RE core requirements (9 credits)
| Course number | Title | Credits |
|---|---|---|
| 22:223:520 (FT) 22:223:591 (PT) |
Aggregate Economic Analysis | 3 |
| 22:390:695 | Real Estate Finance | 3 |
| 22:851:650 | Real Estate Law | 3 |
Electives (3 credits, choose 1 course):
| Course number | Title | Credits |
|---|---|---|
| 22:390:673 | Real Estate Capital Markets | 3 |
| 22:851:630 | Market Analysis and Valuation in Real Estate | 3 |
| 22:851:632 | Real Estate Development | 3 |
Real Estate Development and Redevelopment Certificate Program
In addition to the Concentration in Real Estate, the Rutgers Business School Center for Real Estate and the Edward J Bloustein School of Planning and Public Policy at Rutgers University offer a joint certificate program in Real Estate Development and Redevelopment. The certificate program focuses on the theories, methods, practical skills and contextual knowledge necessary to succeed in the real estate industry.
The certificate program is open to any student that is currently enrolled in either the Rutgers Business School Master of Business Administration (MBA) or Bloustein School Master of City and Regional Planning (MCRP) programs and is designed so that students can complete the requirements for the 18 credit (6 courses) certificate as part of the coursework for their master’s degrees.
If you are a student interested in the Real Estate Development and Redevelopment Certificate, please view the certificate factsheet.