MBA in Real Estate Management

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Mar 13, 2023 19:31PM IST

About MBA in Real Estate Management

MBA in Real Estate Management is a 2-year postgraduate program that prepares a candidate for a career in the real estate industry. The course develops the leadership and problem-solving skills of a student in the real estate sector and prepares them for leadership roles in real estate firms.

The course is available for candidates who have graduated from a recognized university. No particular academic background or subjects are required for admission to this course. The course offers in-depth knowledge about the real estate market in areas related to marketing, finance, human resource, research, etc.

Candidates who have completed the course can find job opportunities with top real estate brokering, management, and consulting firms. They are valued for their subject-based understanding of the real estate market and the ability to apply their skills to practical situations.

Highlights of MBA in Real Estate Management

Course Name MBA in Real Estate Management
Short Name MBA in REM / MBA (REM)
Course Level Postgraduate
Course Type Degree Course
Degree Master of Business Administration (MBA)
Specialization Real Estate Management
Duration 2 year
Internship Not Mandatory
Mode Full Time / Part-Time
Minimum Qualification Graduation in any stream
Selection Process Entrance Exam + GD / PI
Average Course Fee Rs. 1,50,000 to Rs. 2,50,000
Average Starting Salary Rs. 3,50,000
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MBA in Real Estate Management Eligibility Criteria

The candidates who wish to pursue an MBA in Real Estate Management must ensure that they meet the eligibility criteria for the course. The details about the minimum requirement for an MBA in Real Estate Management course can be found given below. Candidate smug also check the requirements specified by their college as there may be slight variations in the eligibility criteria of different colleges.

  • The candidate must have completed a graduation/bachelor's degree course from a recognized university.

  • The candidate must have scored an aggregate of 45% marks in graduation and passing marks in all of the subjects.

  • Candidates from all academic backgrounds are eligible to apply for the course.

  • Some colleges may also ask the candidate to have some practical work experience in the sector.

Admission Process for MBA in Real Estate Management

Given below is the process of admission to the course of MBA in Real Estate Management. The actual procedure can vary and candidates must always refer to their college details before applying.

  • Admission to the MBA in Real Estate Management course is entrance exam-based. Candidates will have to qualify in an MBA entrance exam such as CAT / MAT / XAT / CMAT etc.

  • Colleges shortlist candidates for the course based on their score in the entrance exam. Individual colleges release their cutoff for admission and candidates who qualify have to appear for the next round.

  • Qualified candidates are then called to the college for the next round of admissions. This includes at least a personal interview. However, depending on the college, a Group Discussion and Written Test may also be conducted.

  • Some colleges may also accept admission based on the graduation marks scored by a candidate.

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MBA in Real Estate Management Syllabus

First Year

Principles of Management Organizational Behaviour
Introduction to Real Estate Business Communication
Marketing Management Finance Management
Real Estate Economics Real Estate Development
Human Resource Management Real Estate Market Analysis

Second Year

Real Estate Valuation Risk Management
Customer Relationship Management Construction Finance
Risk Management Regulatory Process and Laws
Asset Management Computer Application in Real Estate
Land Survey and Acquisition Taxation in Real Estate
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MBA in Real Estate Management Career Options and Job Prospects

MBA in Real Estate Management makes a student a well-suited candidate for the numerous posts in the real estate market. The skill acquired during this course enables a candidate to understand technical, legal as well as regulatory aspects of the real estate market. Plus, since it is a professional MBA course, candidates are also provided practical exposure which further makes them ready to handle the challenges of the real estate market.

Some of the top areas of employment for an MBA in Real Estate Management degree holders include:

  • Real Estate Consultancies

  • Construction Companies

  • Real Estate Valuation Firms

  • Infrastructure and Property Development Firms

  • Architecture Agencies etc.

Given below are the common job posts available after MBA in Real Estate Management.

  • Real Estate Consultant

  • Property Advisor

  • Project Manager

  • Finance Manager

  • Project Planning Manager etc.
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FAQs about MBA Real Estate

What is an MBA in Real Estate Management?

An MBA in Real Estate Management is a 2-year postgraduate programme that prepares you for leadership roles in the real estate and property development sector.

What can I do with an MBA in Real Estate Management?

An MBA in Real Estate Management will help you develop skills related to the acquisition, maintenance, valuation, marketing and sales of a property. You can find jobs in property management firms in areas related to finance, marketing and management.

Is MBA recommended for a career in Real Estate?

An MBA degree provides candidates with a unique set of theoretical knowledge and practical skills in the real estate sector. It makes a candidate more qualified for leadership positions and more likely to be considered for jobs by top companies in the field.

Which are some of the top colleges where I can pursue an MBA in Real Estate Management?

Some of the top colleges for MBA in Real Estate Management include Amity University Noida, UPES Dehradun, Ansal University Gurgaon etc.

Can graduates from any stream apply for MBA in Real Estate Management course?

Yes. The minimum requirement for the course is a bachelor's degree from any stream.

Which subjects are part of the MBA in Real Estate Management course curriculum?

Some of the subjects included in the MBA in Real Estate Management course curriculum are Marketing, Finance, Real Estate Valuation, Real Estate Development, Asset Management, Market Analysis etc.

How can I take admission to the MBA in Real Estate Management course?

Admission to MBA in Real Estate Management is given on the basis of the performance of a candidate in MBA entrance exams plus the selection process of the chosen college.

Which types of company hire graduates with MBA in Real Estate Management?

Some of the companies hiring MBA in Real Estate Management degree holders include real estate consultaning firms, architecture firms, property and infrastructure development agencies etc.

Do I need to register with RERA after completing an MBA in Real Estate Management?

Only if you want to go for a career as a Real Estate Consultant or Realtor, or if you want to start your own Real Estate Consulting firm. In such cases, you are required to register with RERA. However, if you want to take up finance and marketing related jobs in the Real Estate market, registration will not be required.

How much salary is earned by an MBA in Real Estate Management?

A trainee in the Real Estate market earns around Rs. 3.5 LPA on average. For experience Real Estate Consultants, salary packages can go up to Rs. 10-12 LPA.
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Related Questions

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priyal Babbar, Student / Alumni

-Answered on Feb-05-2024
Hi there, LPU offers several MBA programs with various specializations such as HR, Finance, Hospitality, Healthcare and many more. The admission for the next academic session has begun. You can register and book your LPUNEST slot. If you are awaiting your result then you can take provisional admission as well. Good Luck
S

Subhashri Roy, Student / Alumni

-Answered on Jan-05-2024

Dear student,

Around 126 colleges are accepting XAT score 2024. Some of the top MBA colleges accepting XAT score 2024 include the following:

You can also check out the XAT score vs percentile 2024 to predict your chances of getting into the XAT participating colleges. 

For admission-related assistance, please fill out our Common Application Form or call on our toll-free number 1800-572-9877. 

Thank you.

P

P sidhu, Student / Alumni

-Answered on Dec-20-2023
LPU NEST 2024 Application Form has been released via online mode. Exam Dates have been announced. It stands for Lovely Professional University National Eligibility and Scholarship Test. LPU NEST exam is conducted in different slots from January and April onwards. It is a university level entrance exam which is conducted for various courses including B.Tech, MBA etc. Candidates who want to get admission in Undergraduate and Postgraduate programmes can enrol in the exam. No. of LPU graduates are working at various MNC’s at high paying packages across the globe. Mittal School of Business, which attracts students from various parts of the world, is one of India’s foremost ‘Business Schools’ recognized for its industry-oriented and technology focussed curriculum, interactive and hands-on pedagogy, accompanied by intensive industry interface which also involves training of national and international industry professionals. A multidisciplinary campus and multicultural environment suffused with student activity ensures all round development of its graduates, grooming them for successful entrepreneurship and global careers. LPUs Mittal School of Business exhibits a rich diversity among students and faculty who flock to this centre of excellence from all parts of the country and across the globe. We believe that innovation and excellence flourishes in an environment that embraces diverse perspectives and nurtures free expression which ultimately helps them to adjust to any work environment while celebrating divergence.