As someone who is interested in the real estate industry and wants to build a career in it, pursuing a masters in real estate seems like a good option. The industry is on a positive trajectory currently and is expected to grow in the coming years. A specialisation with a masters in real estate will help the graduates understand the industry's nuances and prepare them to navigate the complexities of prospective real estate challenges.
Once the question of the domain of the postgraduate degree is settled, the next big question that needs to be addressed is the type of specialisation that interests the aspiring graduate. While both a masters in real estate and an MBA in real estate have their pros and cons, the objective of pursuing them differs.
A masters in real estate is for people who are only interested in the industry's core working mechanisms. On the other hand, an MBA in real estate builds upon a real estate career on the foundation of business principles. Pursuing one of the MBA in real estate and property management courses can help graduates score high in their career prospects.
This blog elaborates on three aspects of pursuing a masters, particularly an MBA in real estate.
The real estate industry has welcomed some changes, and these are the things that you should probably know:
The real estate industry has been experiencing a transformational shift, primarily driven by technological advancements. At the heart of these advancements lie quantity surveying and data analysis. From merely estimating the cost of construction projects to encompassing project planning, cost control, and risk management, quantity surveying has come a long way in ensuring that projects are delivered on time and within budget.
Additionally, analysing this data enables graduates to observe market trends, risks, and investment opportunities. An MBA in real estate has all the equipment to train graduates with the data skills necessary to navigate real estate valuation, manage real estate portfolios, perform financial modelling and risk assessment, etc.
The real estate industry is undergoing a radical transformation enabled by technology. Every aspect of the real estate industry has seen technological advancements, from property search and acquisition to management and investment. Virtual tours and property listings have revolutionised how properties are discovered and marketed. Advanced analytics, property management software, IoT devices, and AI-powered systems have streamlined operations, improved tenant experience, and optimised property performance.
Recognising the increasing role of technology in the real estate industry, specialised MBA courses such as this MBA in real estate programme offer a technologically driven curriculum. Such a curriculum aims to produce graduates who efficiently leverage technology to create value in the real estate industry. This is achieved by focusing on core business courses, practical applications of technology tools (blockchain, BIM, AI tools) through case studies and real-world data analysis, and collaborations with tech companies to expose students to the latest technology tools and industry trends.
As the global economy returns to normalcy, the demand for real estate professionals is increasing. This is mainly due to the global growth in the real estate industry. Institutions like Amity University’s RICS School of Built Environment offer a specialised MBA in Real Estate and Urban Infrastructure, a dual-accredited course by RICS and PMI-GAC, two globally acclaimed accreditations.
Graduating from such globally recognised and accepted institutions places individuals in the global job market with a strong real estate and project management foundation. RICS SBE is highly respected worldwide, and its association with the course signifies the internationally accepted and industry-relevant curriculum.
Aspiring professionals must recognise the immense potential of the real estate sector and the strategic advantage a masters in real estate, especially an MBA degree, can provide. By exploring technology, globalisation, and sustainability within real estate, graduates can position themselves at the forefront of industry innovation.
Admission - MBA Admission | BBA Admission | MBA Admission Process | BBA Admission Process | MBA Admission 2024 | BBA Admission 2024
Others - Courses for Civil Engineering | Project Management Salary | Construction Project Manager | Business in Real Estate | MBA Courses | Business in Real Estate
