50 Best MBA Programs in Real Estate for 2024

Top 10 MBA Program in Real Estate – ROI, Salary, Tuition

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50 Best Real Estate MBA Programs Table: ROI, Salary, Tuition

Easily sort the table below by Rank, School Name, ROI, Tuition, Average Starting Salary, and State to find and to compare programs. Click on any school for a comprehensive review.

Rank	University	ROI	In State Tuition	Avg. Starting Salary	State	Online
1	Northwestern University	54.00%	$162,030	$175,000	IL	No
2	Stanford University	55.04%	$165,591	$182,272	CA	No
3	Columbia University	44.96%	$180,258	$162,099	NY	No
4	The University of Michigan	55.99%	$137,056	$153,465	MI	Yes
5	University of Southern California	48.70%	$154,339	$150,314	CA	Yes
6	Harvard University	58.40%	$149,820	$175,000	MA	No
7	Indiana University Bloomington/Indianapolis	112.02%	$60,858	$136,352	IN	Yes
8	University of Massachusetts Boston	318.68%	$19,499	$124,277	MA	Yes
9	University of Notre Dame	53.85%	$123,500	$133,018	IN	No
10	Georgetown University	55.50%	$124,814	$138,552	DC	Yes
11	Dartmouth College	48.31%	$165,442	$159,842	NH	No
12	Southern Methodist University	60.97%	$100,541	$122,609	TX	Yes
13	Rice University	51.13%	$139,081	$142,212	TX	Yes
14	University of California, Berkeley	54.73%	$139,628	$152,831	CA	No
15	Emory University	49.36%	$151,689	$149,759	GA	Yes
16	Cornell University	35.29%	$219,688	$155,048	NY	No
17	University of Washington	95.81%	$76,890	$147,340	WA	No
18	Washington University in St. Louis	43.91%	$134,020	$117,687	MO	Yes
19	Georgia Institute of Technology	107.89%	$63,404	$136,819	GA	No
20	University of Minnesota	68.17%	$89,402	$121,882	MN	Yes
21	University of California, San Diego	48.93%	$106,246	$103,969	CA	No
22	Lehigh University	69.45%	$68,900	$95,699	PA	Yes
23	American University	53.76%	$98,282	$105,666	DC	Yes
24	University of California, Irvine	63.13%	$97,342	$122,899	CA	Yes
25	Brandeis University	45.33%	$120,223	$109,000	MA	No
26	Arizona State University	101.59%	$61,354	$124,664	AZ	Yes
27	Baruch College-The City University of New York	158.86%	$37,338	$118,633	NY	Yes
28	Miami University	34.00%	$136,342	$92,700	OH	Yes
29	Pepperdine University	42.78%	$104,333	$89,258	CA	Yes
30	University of Colorado at Boulder	83.40%	$55,997	$93,401	CO	No
31	University of Denver	50.85%	$96,638	$98,276	CO	Yes
32	Georgia State University	128.14%	$36,522	$93,600	GA	Yes
33	The University of Michigan-Dearborn	91.38%	$50,997	$93,200	MI	Yes
34	Willamette University	43.24%	$80,500	$69,615	OR	No
35	Clemson University	91.40%	$43,088	$78,767	SC	Yes
36	University of Nevada, Las Vegas	215.34%	$21,784	$93,820	NV	Yes
37	Suffolk University	67.73%	$59,391	$80,455	MA	Yes
38	The University of Alabama	130.49%	$28,377	$74,060	AL	Yes
39	University of Richmond	55.34%	$72,000	$79,683	VA	No
40	Chapman University	39.06%	$97,750	$76,368	CA	No
41	Illinois Institute of Technology	60.83%	$67,690	$82,352	IL	Yes
42	Colorado State University	110.99%	$42,480	$94,300	CO	Yes
43	Drexel University	73.48%	$59,241	$87,061	PA	Yes
44	Baylor University	46.20%	$85,692	$79,176	TX	Yes
45	Wake Forest University	48.64%	$79,975	$77,800	NC	Yes
46	Marquette University	97.28%	$46,620	$90,700	WI	Yes
47	University of Baltimore	110.17%	$35,128	$77,400	MD	Yes
48	University of Scranton	118.16%	$34,740	$82,100	PA	Yes
49	North Carolina State University	85.77%	$55,732	$95,606	NC	Yes
50	SUNY University at Albany	114.55%	$34,750	$79,615	NY	Yes
51	Johns Hopkins University	47.76%	$133,000	$127,044	MD	Yes
52	Saint Louis University	101.79%	$37,470	$76,282	MO	No
53	University at Buffalo, State University of New York	99.31%	$35,716	$70,938	NY	Yes
54	University of Detroit Mercy	129.95%	$28,050	$72,900	MI	Yes
55	University of Oklahoma-Norman Campus	144.42%	$33,306	$96,200	OK	Yes
56	Georgia Southern University	357.29%	$9,824	$70,200	GA	Yes
57	University of Alabama in Huntsville	165.25%	$21,483	$71,000	AL	Yes
58	The University of Rhode Island	524.26%	$7,048	$73,900	RI	No
59	Pacific Lutheran University	68.92%	$47,664	$65,700	WA	No
60	University of Nebraska at Omaha	254.96%	$17,493	$89,200	NE	Yes
61	University of Alabama at Birmingham	231.48%	$16,200	$75,000	AL	Yes
62	Rensselaer Polytechnic Institute	45.51%	$92,510	$84,200	NY	No
63	Rockhurst University	143.69%	$24,150	$69,400	MO	Yes
64	DePaul University	79.70%	$53,952	$86,000	IL	No
65	University of St. Thomas-Houston	113.39%	$35,000	$79,371	TX	Yes
66	University of Colorado Denver	114.91%	$47,102	$108,246	CO	Yes
67	Texas Tech University	118.48%	$28,155	$66,717	TX	Yes
68	Florida State University	151.25%	$18,693	$56,545	FL	Yes
69	The College of New Jersey	89.14%	$50,482	$90,000	NJ	Yes
70	California State University, Los Angeles	224.70%	$22,052	$99,100	CA	No
71	College of Charleston	124.65%	$28,204	$70,314	SC	Yes
72	Rochester Institute of Technology	29.90%	$108,352	$64,800	NY	Yes
73	Florida Southern College	124.07%	$34,155	$84,749	FL	Yes
74	University of South Florida St. Petersburg	213.24%	$17,000	$72,500	FL	Yes
75	California State University, Northridge	125.25%	$30,897	$77,400	CA	No
76	California State University, San Bernardino	91.81%	$41,500	$76,200	CA	Yes
77	Minnesota State University Moorhead	162.09%	$26,220	$85,000	MN	Yes
78	University of Houston-Clear Lake	164.90%	$20,892	$68,900	TX	Yes
79	Wichita State University	173.22%	$18,849	$65,300	KS	Yes
80	Southeast Missouri State University	215.16%	$13,804	$59,400	MO	Yes
81	San Diego State University	115.22%	$31,200	$71,900	CA	No
82	North Dakota State University	130.82%	$21,022	$55,000	ND	Yes
83	University of Central Florida	96.41%	$39,000	$75,200	FL	Yes
84	University of Connecticut	115.08%	$44,100	$101,501	CT	Yes
85	Ohio University	115.68%	$21,438	$49,598	OH	Yes
86	Northeastern Illinois University	152.56%	$24,367	$74,350	IL	Yes
87	West Virginia University	127.40%	$24,273	$61,847	WV	Yes
88	California State University, Fullerton	91.47%	$44,550	$81,500	CA	Yes
89	University of Hawaii at Manoa	188.84%	$21,288	$80,400	HI	No
90	Augusta University	296.51%	$10,590	$62,800	GA	Yes
91	Roger Williams University	81.74%	$40,648	$66,450	RI	No
92	University of Montana	312.06%	$14,260	$89,000	MT	Yes
93	University of New Haven	81.22%	$39,770	$64,600	CT	Yes
94	Florida International University	73.95%	$42,000	$62,115	FL	Yes
95	Ohio Northern University	39.25%	$73,000	$57,300	OH	No
96	Truman State University	202.08%	$14,400	$58,200	MO	No
97	Prairie View A&M University	127.64%	$23,699	$60,500	TX	Yes
98	Woodbury University	113.54%	$26,510	$60,200	CA	Yes
99	Loyola University Maryland	50.19%	$59,950	$60,182	MD	Yes
100	Stockton University	72.25%	$33,012	$47,700	NJ	Yes

What is an MBA in Real Estate?

The MBA in Real Estate is a specialized concentration that builds upon an MBA program’s business fundamental courses. Students interested in a real estate career learn about brokerage management, real estate investing, development, commercial real estate, and entrepreneurship. While the required courses focus on real estate development, the electives allow students to explore a variety of issues related to real estate finance, management, and policy. These include real estate economics, urban fiscal policy, real estate law, primary and secondary housing markets, real estate investment trusts (REITs), HUD, and the relationship between government policy, private development and international real estate markets.

The real estate industry is an exciting field with plenty of career paths. To keep students informed of current trends in Real Estate, an MBA program provides a concentrated study on residential, commercial, and secondary real estate markets. Whether you want to enter the field of commercial real estate appraisals or specialize in real estate finance, an MBA in Real Estate will be a highly respected credential in the industry.

An MBA in Real Estate gives students an opportunity to expand their entrepreneurial skills while focusing on real estate finance and investment management. Since real estate is both a physical and a financial product, transactions take place in local space as well as global asset markets. The traditional MBA in Real Estate program strikes the perfect balance between quantitative analysis and the qualitative case study method of instruction. From managing a real estate brokerage firm to understanding the secondary mortgage marketplace, an MBA in Real Estate graduate will be well-versed in all facets of the industry.

Difference Between an MBA in Real Estate and a Master’s in Real Estate

An MBA in Real Estate provides a broader business education with a specialization in real estate, while an MRE offers a more focused, in-depth study of real estate concepts and practices. The MBA curriculum typically includes core business courses like finance, accounting, and management, with real estate electives. An MRE program dedicates most of its coursework to real estate-specific topics such as real estate finance, development, and market analysis.

Career outcomes and networking opportunities also differ. MBA graduates often have more diverse career options across various industries, while MRE graduates are typically more specialized for roles within the real estate sector. The MBA network tends to be broader, spanning multiple industries, whereas the MRE network is more concentrated within real estate, potentially offering deeper connections in the field. Additionally, MBA programs often require more work experience for admission, while MRE programs may accept candidates with less professional experience but a stronger focus on real estate.

Key Highlights for Real Estate MBA Programs

Compare Online Real Estate MBA Program Averages to Campus Averages

When comparing online and campus-based Real Estate MBA programs, prospective b-students should consider many factors. Online programs offer lower average tuition costs ($56,152 vs : $56,152.02) and better average graduate ROI (128% vs 128%), while campus programs have slightly higher average graduate salaries ($85,814 vs $85,814). Both program types have comparable GMAT scores, full-time faculty numbers, and student-faculty ratios, indicating similar academic rigor and support.

Averages	Online Real Estate MBA Programs	Campus Real Estate MBA Programs
Average MBA Tuition	$48,025	: $56,152.02
Average Graduate Salary	$82,323	$85,814
Average Graduate ROI	137%	128%
Average GMAT Scores	560	572
Average Full-Time MBA Faculty	77	73
Average MBA Student Faculty Ratio	: 18:1	16:1

Read about our ranking methodology.

What is the Average Salary for MBA Real Estate Graduates?

The average graduate salary range for MBA in Real Estate graduates is quite wide. At the lower end, University of Maryland Eastern Shore reports an average starting salary of just $42,900 for its MBA in Real Estate graduates. On the other hand, Stanford University boasts the highest average starting salary at an impressive $182,272.

The average starting pay across all finance MBA programs hovering around $85,814.

This substantial difference in starting salaries is due to a number of factors including reputation and ranking of the business school, the strength of its alumni network, the cost of living in the state and region, and the industries and locations where graduates find employment. Prospective b-students can research career outcomes and salary data of their target MBA programs to get a clearer picture the earning potential post-graduation.

While a high average starting salary is undoubtedly attractive, the savvy b-student will consider other factors like tuition costs, financial aid, and the overall return on investment when choosing an MBA in Real Estate program.

Average Salaries for Real Estate MBA Graduates

• Average: $85,814 from 866 Real Estate MBA Programs
• Lowest: $42,900 from Elizabeth City State University MBA
• Highest: $182,272 from Stanford University

Average Real Estate MBA Graduate Salary by State

1. District of Columbia - $121,848
2. New Hampshire - $113,255
3. Massachusetts - $100,630
4. Arizona - $97,127
5. Wyoming - $93,010
6. Illinois - $92,682
7. Washington - $91,447
8. California - $90,698
9. Michigan - $89,920
10. Pennsylvania - $89,328
11. Utah - $89,172
12. Nevada - $88,249
13. Maine - $87,535
14. Minnesota - $86,736
15. Virginia - $86,642
16. Tennessee - $84,991
17. New Jersey - $84,703
18. Texas - $83,926
19. Colorado - $83,807
20. Indiana - $83,648
21. Iowa - $83,468
22. Connecticut - $83,241
23. New York - $81,215
24. Maryland - $80,131
25. Nebraska - $79,913
26. Georgia - $79,652
27. Alaska - $79,087
28. Ohio - $77,307
29. Wisconsin - $76,959
30. Oregon - $76,503
31. Rhode Island - $75,889
32. Oklahoma - $75,600
33. Hawaii - $74,209
34. Florida - $73,349
35. Idaho - $72,446
36. North Carolina - $71,631
37. Missouri - $71,608
38. Montana - $69,487
39. Alabama - $67,949
40. South Carolina - $67,447
41. New Mexico - $67,250
42. West Virginia - $66,028
43. Vermont - $66,000
44. Kentucky - $65,025
45. Kansas - $64,772
46. Mississippi - $64,196
47. Arkansas - $62,951
48. Delaware - $62,333
49. Louisiana - $55,392
50. North Dakota - $50,600
51. South Dakota - $50,102

What is the Average Tuition for Real Estate MBA Programs?

Investing in your future with a finance MBA can be a very smart decision. On average, you can expect to pay $56,152.02 for a finance MBA program. However, tuition rates can vary significantly, with the most expensive programs costing up to $219,688.00 and the most affordable options starting at $7,048.00.

When comparing in-state and out-of-state tuition for MBA programs in Real Estate, you’ll find that in-state students pay an average of $56,152, while out-of-state students face an average tuition of $63,804. With such a wide range of tuition costs, spanning from $7,048.00 to $219,688, it’s essential to carefully consider your options. Factors that impact tuition rates include your enrollment status, the program type, and whether you attend a private college or public institution. Choosing a highly respected program could provide better value for your money than opting for an out-of-state school.

The ROI of an online MBA program is often more favorable than traditional programs, as students can continue working while studying. According to a 2017 US News survey, the average salary for students three months after graduating from an online MBA program was $96,974, a 22% increase from the average entering salary. The highest average salary increases for online programs hover around 60%. With the right program choice and financial planning, an online finance MBA can be a worthwhile investment in your future, leading to increased earning potential and career advancement opportunities.

Average Tuition for Real Estate MBA Programs

• Average: $56,152 from 172 Real Estate MBA Programs
• Lowest Real Estate MBA: $7,048 from The University of Rhode Island
• Highest Real Estate: $219,688 from Cornell University

Average Tuition Costs by State for MBA Programs

1. New Hampshire - $103,312
2. District of Columbia - $83,309
3. Massachusetts - $74,395
4. Oregon - $61,583
5. New York - $61,321
6. California - $59,093
7. Pennsylvania - $54,581
8. Connecticut - $51,233
9. New Jersey - $51,100
10. Maryland - $50,582
11. Illinois - $48,710
12. Washington - $48,319
13. Ohio - $47,833
14. Virginia - $45,876
15. Michigan - $45,734
16. Minnesota - $44,597
17. Tennessee - $44,060
18. Arizona - $40,003
19. Colorado - $38,995
20. Texas - $37,995
21. North Carolina - $37,844
22. Florida - $37,711
23. Utah - $36,682
24. Wisconsin - $33,557
25. Louisiana - $33,470
26. Indiana - $32,023
27. Missouri - $31,909
28. Vermont - $31,878
29. Georgia - $31,430
30. Rhode Island - $29,922
31. Delaware - $27,790
32. Oklahoma - $27,566
33. Wyoming - $26,460
34. Iowa - $25,779
35. Kentucky - $25,407
36. South Carolina - $25,244
37. Montana - $24,913
38. West Virginia - $21,722
39. Alaska - $21,467
40. Nebraska - $21,340
41. Hawaii - $21,288
42. Mississippi - $21,282
43. North Dakota - $21,022
44. Alabama - $21,005
45. Nevada - $20,392
46. Maine - $19,935
47. Kansas - $19,893
48. New Mexico - $18,520
49. Arkansas - $17,073
50. Idaho - $15,079
51. South Dakota - $14,503

What are the Typical Classes for an MBA in Real Estate?

• Real Estate Entrepreneur. MBA students are introduced to the broad entrepreneurial aspects of creating and executing real estate investments. The course consists of lectures by the professor, case discussions and guest lectures by leading entrepreneurs. The course emphasizes real estate entrepreneurship, leadership and challenges often encountered in creating successful real estate investments rather than development processes.
• Real Estate Investments. This course provides an introduction to real estate with a focus on investment and financing issues. Project evaluation, financing strategies, investment decision making and capital markets are covered. No prior knowledge of the industry is required, but students are expected to rapidly acquire a working knowledge of real estate markets. The course contains cases that help students evaluate the impact of more complex financing and capital markets tools used in real estate.
• Real Estate Law. This course examines the fundamentals of real estate finance and development from a legal perspective. The course serves as a foundation course for real estate majors and provides an introduction to real estate for other students. It attempts to develop skills in using legal concepts in a real estate transactional setting. The course will be of interest to students contemplating careers in accounting, real estate development, real estate finance, city planning, or banking.
• Urban Real Estate Economics. Urban Real Estate Economics uses economic concepts to analyze real estate markets, values, and trends. The course focuses on market dynamics in the U.S. and internationally, with an emphasis on how urban growth and local and federal government policies impact urban development and real estate pricing.
• Advanced Financial Management. Examines the problems faced by the corporate financial manager on the theoretical, analytical, and applied levels. The impact of the financing decision upon the value of the firm is analyzed. Theoretical and analytical aspects of the capital budgeting decision are examined in detail with emphasis on methods of incorporating risk into the capital budgeting decision. An analytical framework is presented to evaluate leasing, bond refunding, and mergers and acquisitions. Theories of corporate governance are discussed.
• Real Estate Development. This course provides an introduction and overview of real estate development of urban places, including the many challenges of the development process such as analyzing market sectors and development opportunities, comprehending the development context of regulation, public policy and politics, raising investment capital, assembling land, program formulation, building types, construction management, marketing, and sales. Examples of development projects will be presented, each focusing on particular aspects of the overall process.
• Real Estate Appraisal. This course surveys the principles and tools of appraising various types of real estate, as well as an analysis of value, price, property, and legal rights. Topics include principles of valuation; the real estate market; the relationship between real estate values and economic, social, and government trends; economics of urbanization, including location, value, and highest and best use; neighborhood analysis and approaches to cost, market data, and income valuation.

What is the Average ROI for Real Estate MBA Programs?

The average ROI full-time for MBA programs in Real Estate is 128% with a highest of 548% and the lowest of 30%.

Return on investment (ROI) is an essential factor when considering which MBA program(s) to apply to. To calculate ROI, consider both the tuition for the MBA program and the average salary a graduate earns. The average tuition cost for an MBA degree in Real Estate is approximately $56,152.02, while the average starting salary for MBA graduates is around $85,813.65. To calculate ROI, you need to subtract the tuition from the salary and divide by the tuition cost. This will give you a rough estimate of how much value you will get out of the MBA Real Estate.

The average ROI for all MBA programs in the United States is 146%. The average ROI for Real Estate programs is 128%.

ROI for Real Estate MBA Programs

• Average: 128% from 866 Real Estate MBA Programs
• Lowest: 30% from Rochester Institute of Technology
• Highest: 548% from Tennessee State University

Average ROI by State for MBA Programs

1. Idaho - 270%
2. New Mexico - 235%
3. Indiana - 224%
4. Maine - 220%
5. Nevada - 216%
6. North Dakota - 208%
7. Rhode Island - 208%
8. Nebraska - 207%
9. Kansas - 203%
10. Georgia - 201%
11. Arkansas - 201%
12. Montana - 196%
13. Hawaii - 189%
14. Alaska - 187%
15. Mississippi - 185%
16. Kentucky - 179%
17. Oklahoma - 178%
18. Wyoming - 176%
19. Utah - 174%
20. Alabama - 174%
21. South Dakota - 173%
22. Texas - 171%
23. Tennessee - 170%
24. Arizona - 170%
25. Iowa - 168%
26. Missouri - 159%
27. California - 152%
28. South Carolina - 152%
29. Wisconsin - 148%
30. North Carolina - 147%
31. Illinois - 142%
32. Minnesota - 140%
33. West Virginia - 137%
34. Florida - 135%
35. Maryland - 132%
36. Ohio - 131%
37. Washington - 131%
38. Louisiana - 127%
39. Virginia - 126%
40. Connecticut - 125%
41. Colorado - 125%
42. Delaware - 125%
43. Michigan - 122%
44. Pennsylvania - 104%
45. Vermont - 104%
46. Massachusetts - 102%
47. New York - 97%
48. New Jersey - 88%
49. New Hampshire - 65%
50. Oregon - 64%
51. District of Columbia - 62%

25 Best Real Estate MBA Programs No GMAT / GRE Required

What is the Average GMAT Needed for Real Estate MBA Programs?

The Graduate Management Admission Test (GMAT) is a standardized examination used by MBA schools to assess their applicant pool. The test is strategically designed to measure an applicant’s analytical, verbal, writing and mathematical skills. The GMAT is used as a predictor of success in MBA programs and tests one’s ability to successfully handle the advanced quantitative and qualitative study of business and management.

The average GMAT scores full-time MBA programs in Real Estate is 572 with a highest of 737 and the lowest of 265

More than 233 AACSB accredited MBA programs do not require their applicants to take GMAT exam. Many well-known programs such as the University of Michigan and the University of California, Los Angeles no longer require the exam. If you are unsure where you would like to take your program, then you should take the GMAT sooner rather than later so you don’t lose time meeting the score requirement of a program.

The average GMAT score needed for a Real Estate MBA program from an institution is between 265 from University of Wisconsin-River Falls to 737 from Stanford University. The average GMAT scores for Real Estate MBA programs is 572.

Average GMAT Score for Real Estate MBA Programs

• Average: 572 from 866 Real Estate MBA Programs
• Lowest: 265 from University of Wisconsin-River Falls
• Highest : 737 from Stanford University

Average GMAT Scores by State for MBA Programs

1. New Hampshire - 643
2. Vermont - 640
3. District of Columbia - 639
4. Massachusetts - 623
5. Oregon - 608
6. Indiana - 602
7. Oklahoma - 597
8. Maryland - 586
9. Ohio - 582
10. Mississippi - 581
11. Idaho - 579
12. New York - 579
13. Minnesota - 577
14. Pennsylvania - 571
15. Illinois - 571
16. New Mexico - 569
17. Missouri - 566
18. Montana - 565
19. Iowa - 565
20. Tennessee - 564
21. Texas - 564
22. Maine - 562
23. Washington - 561
24. Nevada - 557
25. South Carolina - 556
26. California - 555
27. Connecticut - 555
28. Virginia - 554
29. Arkansas - 553
30. Georgia - 551
31. New Jersey - 551
32. Michigan - 550
33. Wisconsin - 550
34. North Dakota - 550
35. Arizona - 549
36. Nebraska - 549
37. Utah - 547
38. Colorado - 544
39. South Dakota - 544
40. Kentucky - 541
41. Kansas - 536
42. Rhode Island - 536
43. Delaware - 534
44. North Carolina - 533
45. Florida - 532
46. Louisiana - 528
47. Alaska - 524
48. Hawaii - 520
49. Alabama - 515
50. West Virginia - 507
51. Wyoming - 460

Student / Faculty Ratio for Real Estate MBA Programs

Faculty to student ratio is an important factor in the quality of education you will receive. The lower the ratio, the more individualized attention you will receive. The more individualized attention you receive, the greater the odds you will understand the material better.

Student / Faculty Ratio for Real Estate MBA programs offering a Real Estate concentration varies between 3:1 and 63:1 with an average of 16:1 students.

The ratios provided are based off all MBA programs regardless of concentration. To discover what the ratio is for the program you are interested in, research the faculty pages of the school and average size of the programs. Faculty could be part or full time. Many also work in the concentration and can provide the students with real-world examples.

Which Real Estate MBA Programs Have the Highest Student Enrollment?

When reviewing how the student population is spread across program formats, you will find the highest concentration of students are, then part time, then full time. The concentration is spread based on flexibility. The higher the flexibility (aka the least amount of scheduled class time), the higher the number of students.

The average Student Enrollment for full-time MBA programs in Real Estate is 406 with a highest of 2,122 and the lowest of 4

There are pros and cons to small cohorts versus large cohorts. Small cohorts can become very cohesive and encourage each other to make it through the program. However, if the personality dynamic is off, it is hard to find new group members in a smaller pool of students.

The large cohorts cultivate a variety of approaches to solve the same problem, help others to think outside of the box and foster creativity. However, you could feel like just a number and desire more individual attention. When researching schools, try to reach out to current students and ask about the culture to help you decide which type of culture best suits you.

Career Outlook, Job Opportunities, Roles, Industries for a Real Estate MBA

While an MBA in Real Estate may not offer the highest starting salaries compared to some other specializations, it provides a solid foundation for long-term career growth and potentially significant earnings through deal participation. The field offers a good balance of financial rewards, work-life balance, and the opportunity to make a tangible impact on communities.

Salary and Compensation:

• Average base salary ranges from $125,000 to $135,000 for post-MBA associates
• Total compensation can reach $210,000 or more when including bonuses, equity, and commissions
• Median salary of $130,000 reported by UCLA Anderson, with 30% receiving signing bonuses

Job Growth and Opportunities:

• Projected job growth of 5% from 2022-2032 for real estate managers and appraisers
• Diverse career paths available, including development, finance, investment, asset management, and consulting
• Opportunities in major cities beyond traditional finance hubs, such as Charlotte, Atlanta, Miami, Dallas, and Denver

Key Advantages:

• Potential for high earnings through equity participation in deals (e.g., 5% promote structures)
• Better work-life balance compared to investment banking or consulting
• Tangible impact on communities through development projects
• Exposure to multiple aspects of business (finance, law, architecture, etc.)

Top Employers:

• Large firms like Trammell Crow, Greystar, and Related Companies
• Real Estate Investment Trusts (REITs)
• Investment banks with real estate groups
• Consulting firms specializing in real estate

What Skills Do I Need to be Successful In Real Estate Management?

Sector	Description
Business skills	Because most brokers are self-employed, they must manage every aspect of their business. This task includes reaching out to prospective clients, handling their finances, and advertising their services.
Interpersonal skills	Strong interpersonal skills are essential for real estate brokers and sales agents because they spend much of their time interacting with clients and customers. To attract and keep clients, they must be pleasant, enthusiastic, and trustworthy.
Organizational skills	Real estate brokers and sales agents must be able to work independently, managing their own time and organizing, planning, and prioritizing their work.
Problem-solving skills	Real estate brokers and sales agents need to be able to quickly (sometimes immediately) address concerns clients or potential customers may have a property. They also mediate negotiations between seller and buyer.
Analytical skills	Construction managers plan project strategies, handle unexpected issues and delays and solve problems that arise over the course of the project. In addition, many managers use cost-estimating and planning software to determine costs and the materials and time required to complete projects.
Business skills	Construction managers address budget matters and coordinate and supervise workers. Choosing competent staff and establishing good working relationships with them is critical.
Customer-service skills	Construction managers are in constant contact with owners, inspectors, and the public. They must form good working relationships with these people and ensure their needs are met.
Decision making skills	Construction managers choose personnel and subcontractors for specific tasks and jobs. Often, these choices must be made quickly to meet deadlines and budgets.
Initiative	Self-employed construction managers generate their own business opportunities and must be proactive in finding new clients. They often market their services and bid on jobs, and they must also learn to perform special home improvement projects, such as installing mosaic glass tiles, sanding wood floors, and insulating homes.
Leadership skills	Construction managers must effectively delegate tasks to construction workers, subcontractors, and other lower level managers.
Speaking skills	Construction managers must give clear orders, explain complex information to construction workers and clients, and discuss technical details with other building specialists, such as architects. Self-employed construction managers must get their own projects, so the need to sell their services to potential clients is critical.
Technical skills	Construction managers must know construction methods and technologies and must be able to interpret contracts and technical drawings.
Time-management skills	Construction managers must meet deadlines. They ensure that construction phases are completed on time so that the next phase can begin as scheduled. For instance, a building’s foundation cannot be constructed until the land is completely excavated.
Writing skills	Construction managers must write proposals, plans, and budgets, as well as document the progress of the work for clients and others involved in the building process.

Real Estate Licensing Information

All real estate brokers and sales agents must be licensed. Licensing requirements vary by state, but most have similar basic requirements:

• Be 18 years old
• Complete a number of real estate courses
• Pass a Foundation of Real Estate and State exam(s)

Some states have additional requirements, such as passing a criminal background check and 90 hours of real estate educational coursework. Licenses typically are not transferable among states. However, some states have reciprocity agreements in that they will accept some requirements used to get a license in another state.

To obtain a broker’s license, individuals generally need up to 3 years of experience as a licensed sales agent under the supervision of a managing broker. They also must take additional real estate educational courses. In some states, a bachelor’s degree may be substituted in place of some experience or training requirements. Those with a law degree are exempt from taking the educational coursework required to sit for the licensed real estate exam.

State licenses typically must be renewed every 2 to 4 years. In most states, brokers and agents must complete continuing education courses to renew their license. To verify exact licensing requirements, prospective brokers and agents should contact the real estate licensing commission of the state in which they wish to work.

How We Rank Real Estate MBA Programs

The team at responsible for program rankings at MBAGuide.org comprises of data science and product management experts. Our ranking team works independently from the editorial team and is not influenced by editorial decisions.

MBAGuide.org employs a comprehensive ranking methodology that combines quantitative data (80% of the score) with qualitative assessments (20%) to evaluate MBA programs. The quantitative component considers factors such as student-faculty ratio, tuition, enrollment, and post-graduation salaries, while the qualitative aspect incorporates editorial ratings and school reputation, providing a well-rounded view of each program’s quality and value.