PROGRAM IN REAL ESTATE
GENERAL INFORMATION
The two-year Master of Professional Studies (MPS) degree in Real Estate is an interdisciplinary degree program that combines courses from nearly every college at Cornell University. The degree is designed for aspiring real estate professionals who are in the initial or early stages of their careers. Two entities provide support for the degree program. The Program in Real Estate exists at Cornell University to serve as the integrating organizational unit for financial management and administration of academic real estate activities on and off campus. The Field of Real Estate is a committee of faculty members from several different colleges that is directly involved in the design and administration of the real estate curriculum.
The professional study of real estate is concerned with the finance, exchange, development, management, marketing, and many other aspects of the real estate business. Real estate professionals also bring an understanding of the long-range social, political, ethical, and environmental implications of decisions about real estate. The 62 credit hours of course work needed to earn the degree provide a comprehensive and lasting foundation for professional careers in real estate.
Core courses in financial management, economics, real estate finance and investment, market analysis, project development, housing economics, regulation, and environmental issues will be required during the first year of study. During the second year, students take additional core courses and elective courses in their areas of concentration. Many concentration options are possible and may be structured from the hundreds of related courses taught at Cornell University (e.g., an international real estate concentration).
Admissions
Admissions procedures for the MPS (Real Estate) program are supervised by the Graduate School and Real Estate Field. Applicants to the program must have completed a bachelor's degree with a good academic record. They must achieve Graduate Management Admission Test (GMAT) or Graduate Record Examination (GRE) scores that are at the level required in other Cornell graduate professional degree programs; and at least two letters of recommendation from undergraduate college faculty members (and if appropriate, from employers) familiar with the student's academic and professional work must be submitted. There is no work experience requirement for admission. Foreign students, for whom English is a second language, will need to achieve acceptable TOEFL scores.
For more information, contact Professor Robert Abrams, director of the Program in Real Estate (607Ð255Ð1748) or Professor Matthew Drennan, director of graduate studies (607Ð257Ð7276) or E-mail real_estate@cornell.edu.
