MBA Real Estate

Reasons to study an MBA Real Estate at Aberdeen
Our MBA programme is taught by specialist staff drawn from the fields of Property, Economics, Management, Accountancy and Finance. All members of the teaching team are highly regarded academics in their own field of expertise. As a member of the Association of Business Schools (ABS) the School has access to expert advice and up to date information on developments in Business and Management.
Students on our MBA Real Estate programme gain automatic membership of the Chartered Management Institute (CMI), and as such gain continuing advantage from unlimited free access to the management Information Centre, Europe's most comprehensive management resource. There is also the opportunity to benefit from local branch activities, networking opportunities and your participation in online discussion groups.
The MBA Real Estate is accredited by the Royal Institution of Chartered Surveyors (RICS), allowing graduates to proceed to the RICS Assessment of Professional Competence and full professional membership of the RICS.
Graduates will be able to build global connections through our international student base and Alumini network.
Programme Structure & Content
First Semester
Real Estate Economics - Introduction to business economics. Property and the macroeconomy. Economic characteristics of property. Institutional and regulatory environment of property (including legal and planning controls). Property market analysis: use, investment and development. Sector analysis: offices, retail, industrial, housing.
Valuation Principles - Mathematics of valuation and investment. Principles underlying basic valuation and investment formulae. Principal methods of valuation. Critical examination of conventional and alternative approaches to valuation.
Business Economics - Introducing the key concepts of macroeconomics relevant to international business including foreign exchange markets, labour market issues, unemployment, inflation and economic growth.
Building Technology - Practical and theoretical approaches to building and design. Functional requirements of buildings. Common construction forms and their implications. Building surveys. Understanding the built environment.
Second Semester
Real Estate Finance - Modern concepts of corporate real estate. Corporate real estate, business strategy corporate finance. Real estate as an investment class. Indirect real estate investment. International real estate investment. Techniques of real estate investment analysis.
Advanced Valuation and Development - Use of computer spreadsheets. RICS Appraisal and Valuation Standards. Development valuation, valuation of over-rented real estate, trade related valuations and goodwill, valuation of leases, calculations of worth, risk measurement. Basis of local real estate tax. Basis of national taxation.
Either: Strategic Marketing - Marketing management and strategic planning. Marketing in a range of organisational settings, including consumer, industrial, service and voluntary sectors. Systems perspective on key marketing techniques Or: Managing People at Work - Management of people as a key element for organisational success. People as the most complex of all organisational resources to manage. Theoretical and practical issues of people management in the contemporary competitive economic environment.
Final Stage
Property Research - Interpretation of property research. Commissioning and managing research. Ethical issues in research. Design and implementation of a research project: topic choice, methodology and method, bibliographical tools and literature review, qualitative and quantitative research techniques.
Property Case Study - Formulation, design and implementation of a professional case study investigation on an approved topic in property practice. This would normally be in the fields of property investment, corporate real estate, valuation practice or international property.
Plus three from:
Corporate Real Estate - Formulation of integrated corporate real estate strategy. Techniques for operational property management. Case study analysis of corporate real estate problems and solutions.
Property Investment - Modelling of property investment markets. Principles of portfolio construction. Practical portfolio construction. Techniques for portfolio management.
One module from a selection of approved MBA electives - for example Securitisation / Managing Creativity/ Strategic Human Resource Management / International Business / People and Change.
Teaching & Assessment
The programme is delivered via a mixture of lectures, seminars and small group tutorials. Most modules are assessed by examination and coursework.
Careers
Our graduates achieve notable success in the employment market, with many employed by the major surveying firms The RICS is an internationally recognised professional body with a growing network of members throughout the world. An MBA Business & Property from the University of Aberdeen gives you a leading edge in securing a worthwhile career in the property industry.