Take Your Place in the Real Estate Development Industry

While an MBA is desirable for some, earning an MS in Real Estate Development from the Schack Institute of Real Estate gives you the edge that you will need to break into a range of fields within real estate development from acquisitions to asset management and operations to repositioning. Industry leaders prefer a specialized degree in real estate over a general MBA.

Earning a master's degree in real estate development at the NYU SPS Schack Institute of Real Estate program provides academic coursework that encompasses the spectrum of skills needed by new-entrants to real estate, as well as to those more advanced in their careers.

This master's degree program provides you with incredible resources and the ability to network with some of the largest real estate development and investment firms in the world. Our MSRED students have the opportunity to learn from and interact with  real estate professionals in the classroom, as well as networking opportunities at our numerous annual industry events such as the Conference on Capital Markets, the Real Estate Investment Trust (REIT) Symposium, and the National Symposium of Women in Real Estate.

Commercial real estate is experiencing significant secular shifts that are spurring innovation in how we plan, use, finance, develop and manage the built environment. These changes bring opportunity. The commercial real estate market alone supported 15 million jobs and contributed $2.5 trillion to the US GDP in 2023. Whether in boom times or downturns, understanding real estate fundamentals creates opportunities.

Real estate development can be a challenging–and financially rewarding–career path. A career in real estate development encompasses a range of subjects and provides opportunities to support community development and investors, improve performance, promote sustainable buildings, and tackle societal interests such as housing affordability and availability, climate change, and demographic shifts. 

Schack Institute of Real Estate alumni take their places in the center of leading firms in all sectors of the industry, in New York City and around the globe.  Employers include the major real estate development and investment companies, global banks, private real estate partnerships and government organizations. They join a fast-growing, rapidly changing industry, with a network of relationships, prepared to tackle challenges and thrive in their careers. 

The MS in Real Estate at the Schack Institute explores real estate finance, investment, and asset management including building your skills in data analytics, legal principles, economics, the latest technology tools and analysis of real estate markets. The MS in Real Estate Development focuses more on the real estate development process, how to finance development, understand legal, land use and regulatory frameworks, manage design and construction, and implement public private partnerships.

Through endowed funds and generous gifts to the department, the School of Professional Studies and industry partners provide a range of financial aid packages and scholarships for Schack graduate level students to explore.

In addition to the regular application requirements, international student applicants need to take the TOEFL/IELTS and complete an international transcript evaluation.

Many real estate industry developers earn higher education degrees as part- or full-time students in fields as varied as business, finance, landscape architecture, and law. Course work in the MS in Real Estate Development program approaches global real estate through a developer-specific lens that teaches best practices and provides a comprehensive overview and thorough exploration of the entire real estate development process.