

The MBA in Real Estate is a rigorous two-year, full-time program tailored for students who aim to become leaders in the real estate industry. By combining the core principles of business administration with in-depth knowledge of real estate markets, this program offers a comprehensive understanding of property development, investment strategies, urban economics, and real estate finance. Students not only gain expertise in the financial and legal aspects of real estate but also explore the broader social and environmental implications of land use and urban growth, making them well-rounded professionals ready to shape the future of the built environment.
This program emphasizes hands-on experience through project-based learning, case studies, and direct engagement with industry leaders. Courses are taught by a diverse faculty with real-world expertise in areas such as commercial development, property valuation, capital markets, and regulatory frameworks. Students benefit from exposure to cutting-edge technologies and analytical tools used in market forecasting and investment analysis. The curriculum is supported by networking events, industry treks, and internships that connect students with top-tier real estate firms, allowing them to bridge classroom theory with real-world challenges and opportunities.
Semester 1
• Managerial Finance and Accounting
• Principles of Real Estate Economics
• Organizational Strategy and Leadership
• Real Estate Markets and Institutions
Semester 2
• Real Estate Investment and Capital Markets
• Land Use Law and Urban Policy
• Financial Modeling for Real Estate
• Sustainable Urban Development
Semester 3
• Real Estate Development Studio
• Advanced Topics in Real Estate Finance
• Public-Private Partnerships in Real Estate
• Real Estate Data Analytics and Technology
Semester 4
• Capstone Project or Industry Practicum
• Real Estate Risk Management
• Negotiation and Deal Structuring
• Master’s Thesis or Final Consulting Project
Graduates of this program are positioned for leadership roles in various areas of the real estate sector, including investment management, urban development, commercial brokerage, property technology, and real estate finance. Many find employment with real estate investment trusts (REITs), private equity firms, consulting companies, government agencies, or multinational development corporations. Career paths often include titles such as real estate asset manager, development associate, investment analyst, acquisitions manager, and urban project consultant. The program’s balance of analytical rigor and industry exposure equips graduates with the ability to evaluate market trends, structure deals, navigate regulations, and manage large-scale development or investment portfolios. With cities rapidly transforming and housing markets growing in complexity, these professionals play a key role in shaping sustainable, profitable, and livable urban futures.
This MBA specialization offers a unique intersection of strategic business training and real estate expertise, preparing students for the fast-paced and high-stakes world of real estate investment and development. With its dynamic curriculum, the program blends financial acumen, legal literacy, and urban planning insights, ensuring that students are adept at tackling both the technical and strategic dimensions of the industry. The emphasis on experiential learning, from real-world capstone projects to active mentorship from seasoned real estate professionals, sets this program apart. It is especially well-suited for those who aim to make data-informed, socially responsible, and profit-driven decisions in real estate. Whether aspiring to lead global developments or reshape local communities, graduates emerge ready to innovate and lead in one of the world’s most influential sectors.
For further information, please contact the admissions office at:
Phone: +1 215 898 5000
Email: admissions@upenn.edu
Address: University of Pennsylvania, Philadelphia, PA 19104, United States