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The Master of Real Estate Development (MRED) is a professional program that equips students with thorough knowledge and abilities in the real estate development industry. Students who complete the programme should be able to design and carry out sustainable real estate development projects that meet market demands. And if you wish to know more about the salaries, costs, tests, and scope of the MRED programme, continue to read this blog.
This Blog Includes:
Why Study Master of Real Estate Development?
The following are the reasons to pursue a Master of Real Estate Development:
- This program is an excellent option for students who wish to pursue a career in the real estate development industry.
- This program is designed to provide students with the information and skills needed to be successful in this profession by addressing the growing demand for sustainable real estate development projects.
- This field offers various career opportunities for students in both the public and private sector
- Real estate holds a significant role in the global economy. It is one of the most popular sources of revenue, wealth and opportunities.
Also Read: MBA In Real Estate
Top Universities
The following are the top universities for real estate:
| Universities | QS World Ranking 2023 |
| University of Manchester | 28 |
| Columbia University | 22 |
| New York University | 39 |
| University of Greenwich | 801-1000 |
| Massachusettes Institute of Technology | 1 |
| IE University | 347 |
| Texas A&M University | 164 |
| London School of Economics | 56 |
| University of Groningen | 145 |
| University of Pennsylvania | 13 |
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Eligibility Criteria
The following are the eligibility criteria to pursue a Master of Real Estate Development:
- The candidate must have completed an undergraduate degree with a minimum GPA of 3.0 to pursue the Master of the real estate development program
- Some universities may also require students to have GMAT/GRE scores. However, some universities may waive the GMAT/GRE requirement if students meet certain criteria, such as having relevant work experience.
- The candidate may be required to submit an English language proficiency test like IELTS – 6.0 overall, TOEFL – 80 overall
Also Read: Real Estate Courses
Application Process
The following are the steps to apply for this course:
- Before applying the candidate must check the eligibility criteria
- To register for the programme, the candidates should visit the official website
- The candidate must complete the registration process by providing the required information to obtain the login credentials
- The candidate will be sent a link to verify their profile
- Next, use the login credential to log in to the application portal
- Click on the “apply for starting the application”
- Fill out all the required information accurately and click on the “save” button to save all the details
- Finally, submit the application form, all applications are approved and provided with an online receipt
Cost of Studying Master of Real Estate Development
The cost of studying in an MRED program may vary depending on the university and your study abroad destination. The average tuition fees for the program can range from $40,000 to $100,000 (or INR 32.72 – 81.81Lakh) for the entire course. However, some universities provide scholarships and other financial aid programs to encourage students to pursue their higher education abroad.
Skills Required
The following are the skills required to pursue this course:
- Communication Skills
- Project Management Skills
- Leadership Skills
- Team Management skills
- Negotiation Skills
- Eye for Detail
Future Scope
The MRED programme equips students with the expertise needed to succeed in the real estate development field. Students who complete the program have a variety of professional options open to them including project management, asset management, urban planning, and construction management. Real estate developers, project managers, construction managers, real estate consultants, and urban planners are some of the popular career paths for MRED graduates.
Also Read: Project Management Courses
Job and Salary
The following are the popular career options after pursuing a master of real estate development:
| Job Profile | Avg. Salary |
| Real Estate Associate | 3.6 Lakh |
| Real Estate Manager | 9.4 Lakh |
| Escrow Officer | 3.5 Lakh |
| Home Inspector | 6-7 Lakh |
| Real Estate Appraiser | 3.2 Lakh |
| Real Estate Consultant | 2.4 Lakh |
FAQs
The Master of Real Estate Development (MRED) is a postgraduate program that equips students with thorough knowledge and abilities in the real estate development industry.
The following are the top universities to study Master of Real Estate Management:
Massachusetts Institute of Technology
Columbia University
New York University
The following are the eligibility criteria to pursue a Master of Real Estate Development:
The candidate must have completed an undergraduate degree with a minimum GPA of 3.0 to pursue the master of a real estate development program
Some universities may also require students to have GMAT/GRE scores. However, some universities may waive the GMAT/GRE requirement if students meet certain criteria, such as having relevant work experience.
The candidate may be required to submit an English language proficiency test like IELTS – 6.0 overall, TOEFL – 80 overall
We hope that this blog has provided you with relevant information on the Master of Real Estate Development. And if you wish to study abroad, contact Leverage Edu for full assistance. You can also call us at 1800572000 and book a free session today!
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