Master of Science in Real Estate

Build a Thriving Career with a Schack MS in Real Estate

The NYU SPS Schack Institute’s MS in Real Estate (MSRE) delivers a flexible graduate degree program that immerses you in New York City—and prepares you to enter the field anywhere in the world.

The program’s highly practical courses are taught by practitioners from the world’s leading real estate firms. With a curriculum designed for careers in real estate finance, investment, and asset management, you'll build fundamental knowledge and advanced analytical skills.

Domestic and international students have hands-on practice to use financial and market analysis skills, to understand trends in capital markets, public policy, land use and property management, and to manage a student-run Real Estate Investment Trust (REIT). You’ll have opportunities to network with business experts and future leaders.

Build a Thriving Career with a Schack MS in Real Estate

Tuition

$2575/credit

# of Credits

Study Options

Onsite, Hybrid; Fall/Spring, FT/PT

Minimum Duration

As little as 18 months

11.5%

job growth in this degree area

$87,900

median national salary for this degree

95.8%

of our grads working, in school, or both

7,493

Schack Institute of Real Estate alumni

Why Pursue a Master's in Real Estate with Us?

Our MSRE program leads directly to new career and business opportunities as you build the cutting-edge real estate finance, analysis, research, management, and interpersonal skills needed to succeed in today's fast-shifting real estate market.

Real Estate Market Exposure and Immersion

Visit real estate offices where you want to work, meet with investors, developers, and leaders, discuss their capital strategies, financing, and real estate development projects and exchange key information in real time about innovations in the use, financing, development, and management of the built environment.

Expert Faculty and Industry Partners

Our faculty of real estate professionals and our industry partners enable students to have a positive impact on the real estate world because they live it. It’s a "who’s who" of the world’s top investment, managers, and developers in the business—supporting your career every step of the way.

Global Perspective

Our students stand out in the job market with a critically important understanding of real estate conditions around the world. As you immerse yourself in New York, you’ll gain a global perspective. Study abroad with our Global Field Intensive program and connect with leaders from across the globe.

Alumni Everywhere You Look

Students won’t have to search long to find esteemed NYU School of Professional Studies Schack alumni. They’re working at some of real estate’s most prominent firms around the globe, serving on our boards, attending networking events, and they’re ready to help you build lifelong connections.

Industry-specific Skills and Experiences

Students learn real estate finance, development, and management in the classroom, in the field, and at industry events where they focus on the latest business tools and trends, network with leading executives, and hone their investing skills in with a student-run REIT.

What You’ll Study

How can students thrive amidst rapid market changes in the ways we use, acquire, finance, develop, and manage the built environment? Students discover the answers at the NYU School of Professional Studies.

Support for Your Success

Flexible schedules, low 8:1 student/faculty ratio, academic and career advising, student clubs and publications, and the accelerated Hirsh Fellows Program set our real estate students up for the future.

Core Curriculum

Our professors provide students with a theoretical foundation backed with practical experience while you tackle courses like real estate finance, urban real estate economics, law, development, and risk and portfolio management.

Electives

The real estate market is as diverse as it is large. Students take time to explore the areas that interest them most. Go deep on topics like private equity, data analytics, asset management, and more.

Specializations

Students choose the path they want to further study in greater depth with focuses on Finance and Investment or Asset Management.

Thesis or Capstone

Our capstone courses transition students from classroom to “boardroom.” Challenge yourself as you apply your work to a range of real-world scenarios and projects.

Real Estate Investment Trust (REIT) INVESTMENT FUND

Schack’s REIT fund is student-run, giving students direct experience overseeing a real securities portfolio, analyzing financials and making real-time investment decisions.

Learn more

Where You’ll Go

Your career might begin at the NYU SPS Schack Institute of Real Estate, but there’s no limit to where you’ll go.

Where Our Alumni Work

Arbor Realty Trust
Ackman-Ziff Real Estate Group
AvalonBay Communities
Blackstone Group
BNY Mellon
Bozzuto
Brookfield Properties
CBRE
Colliers International
The Douglaston Companies
The Durst Organization
Extell Development
Jonathan Rose Companies
Kushner
MetLife Management
PGIM Real Estate
Related Group
Silverstein Properties
SL Green Realty
Time Equities

What Our Alumni Do

Asset and Portfolio Management
Acquisitions
Commercial Real Estate Lending
Financial Analysis
Investment Management
Market Analytics Director
Project Management
Property Management
Risk Management & Compliance
Commercial Underwriting

Alumni

Faculty

Admissions

Deadlines

SPRING	APPLICATION OPENS	DEADLINES	DECISION RELEASE
	March 1	Round 1 – September 1	Round 1 – November 1
		Round 2 – November 15	Round 2 – December 1

	APPLICATION OPENS DEADLINES DECISION RELEASE	March 1 Round 1 – September 1 Round 1 – November 1
	APPLICATION OPENS DEADLINES DECISION RELEASE	Round 2 – November 15 Round 2 – December 1

Deadlines

SUMMER	APPLICATION OPENS	DEADLINES	DECISION RELEASE
	August 1	Round 1 – October 1	Round 1 – December 15
		Round 2 – January 15	Round 2 – March 15

	APPLICATION OPENS DEADLINES DECISION RELEASE	August 1 Round 1 – October 1 Round 1 – December 15
	APPLICATION OPENS DEADLINES DECISION RELEASE	Round 2 – January 15 Round 2 – March 15

Deadlines

APPLICATION OPENS	DEADLINES	DECISION RELEASE
August 1	Round 1 – November 15	Round 1 – December 20
	Round 2 – January 15	Round 2 – April 1
	Round 3 – May 1	Round 3 – June 15
	Round 4 – July 1	Round 4 – July 15

	APPLICATION OPENS DEADLINES DECISION RELEASE	August 1 Round 1 – November 15 Round 1 – December 20
	APPLICATION OPENS DEADLINES DECISION RELEASE	Round 2 – January 15 Round 2 – April 1
	APPLICATION OPENS DEADLINES DECISION RELEASE	Round 3 – May 1 Round 3 – June 15
	APPLICATION OPENS DEADLINES DECISION RELEASE	Round 4 – July 1 Round 4 – July 15

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Frequently Asked Questions

FAQ

While an MBA is desirable for some, earning an MS in Real Estate from the Schack Institute of Real Estate gives you the edge that you will need to break into the commercial real estate business. Industry leaders prefer the specialized degree in real estate over a general MBA.

Earning a master's degree in real estate 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.

Earning a master's degree in real estate in New York City from the NYU SPS Schack Institute program provides you with incredible resources and the ability to network with some of the largest real estate and real estate investment firms in the world. Our MSRE students have the opportunity to hear from 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.

Commercial real estate is as rewarding a career as it is challenging. The opportunities are endless, as real estate professionals can find successful careers in planning, finance and investment, development, property management, capital markets, and portfolio analysis. A real estate career also provides opportunities to support community development, improve energy sustainability, and advance affordable housing projects.

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. Alumni join a fast-growing, rapidly changing industry, with a network of relationships, prepared to tackle the 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, and manage design and construction.

Master of Science in Real Estate