University

The Pennsylvania State University

Master of Science in Real Estate Analysis and Development

Program overview

The Master of Science in Real Estate Analysis and Development (MS-READ) is a STEM-designated one-year program designed to equip students with the essential knowledge and skills to conduct original applied economic-based research focusing on real estate investments, securities, or markets. The program helps those students who would like to pursue a doctoral degree in fields like real estate, finance, economics, or business law, and engage in real estate research and contribute to economic policy work.

Last updated: April 16, 2024

Academic Information

Degree offered

Master of Science in Real Estate Analysis and Development

Length of program

1 year

Number of Credits Required

30 credits

Mode of learning

On Campus & Online

Unique real estate academic features

The Master of Science in Real Estate Analysis and Development empowers graduates to excel in a competitive job market through its affiliation with a renowned business school housing global leaders in real estate academia and industry. This program fosters analytical skills anchored in economics and finance crucial for effective participation in the real estate sector, enabling students to thrive in contemporary work environments, comprehend industry challenges, appreciate innovative research solving real estate market issues, and emerge as capable leaders.

Courses and disciplines/concentrations offered

Required Prerequisites

Financial Accounting
Data Analysis for Decision Making

Fall Semester

Module 1

Real Estate Law
Real Estate Colloquium
Real Estate Institutions and Market Analysis
Foundation in Managerial Accounting
Quantitative Analysis for Managerial Decision-Making
Elective Choice

Full Immersion

Real Estate Analysis Software and Tools

Module II

Real Estate Law
Real Estate Colloquium
Real Estate Financial Analysis
Institutional Real Estate Investment

Spring Semester

Module III

Quantitative Analysis for Real Estate
Communication Skills for Management
Real Estate Colloquium
Real Estate and Business Valuation
Contemporary Issues in Real Estate Markets

Module IV

Quantitative Analysis for Real Estate
Communication Skills for Management
Real Estate Colloquium
Real Estate and Business Valuation
Real Estate Development & Analysis
Real Estate Capstone Experience

Real Estate Extracurricular Opportunities

Notable traditions & events

Penn State Information Tables and Information Sessions

Real estate extracurricular activities available

Intercollegiate Athletic Programs
Penn State IFC/Panhellenic Dance Marathon

Networking opportunities

Borrelli Institute for Real Estate Studies
Career Inventories: Assess your skills, interests, personality type, and work values to align with future business opportunities.
Virtual Coaching: Tap into the expertise of Smeal alumni and partners through platforms like Zoom and WebEx.
Resume Evaluation: Receive feedback from coaches to optimize your resume and effectively showcase your talents to employers before starting your program.
Interview Practice: Hone your interview skills by practicing responses to commonly asked questions in a virtual setting.
Recruitment Management System: Access job openings, post your resume, schedule interviews, and stay updated on recruiter visits through our online platform.
On-Campus Recruiting: Meet with recruiters who visit our campus, whether you are pre-selected or attending an open interview session.
On-Site and Remote Interviews: We coordinate interviews at the recruiter’s site or provide facilities for phone, teleconference, and videoconference interviews.

Recruiting

General info on roles students fill after graduation

CAD Designer
Capital Markets Analyst
Financial Analyst
Investment Banking Associate
Investment Sales Advisor
Portfolio Analyst
Project Manager
Retail Banker

Average salary post graduation

$77,200

Common employers

Chatham Financial Corp.
Community Cultivation Network
Howard I. Shapiro & Associates
KB Kookmin Bank
PNC
Sands Investment Group, Inc.
Seagis Property Group LP

Faculty and Research

Faculty & Staff for the Program

See full list here.

Distinguished real estate faculty members or research areas

Eva Steiner

Associate professor of Risk Management

Brent W. Ambrose

Professor of Real Estate, Program Director, Director of Ph.D. Program, Director of Borrelli Institute for Real Estate Studies

Mallory Meehan

Associate Clinical Professor of Real Estate, Assistant Director of Institute for Real Estate Studies

Alumni Support

Successful real estate alumni

Lawrence Colorito

Senior Managing Director, Valbridge Property Advisors | Axial Advisory Group, LLC

Justin Pelsinger

Partner & Chief Operating Officer-Charney Companies

Real estate alumni networks and associations

Penn State Alumni Association
LionLink
Penn State Real Estate Society

Accreditations and Rankings

Awards or recognition

Penn State Smeal Team Won 2nd Place in Villanova Real Estate Challenge. Four Penn State Smeal College of Business undergraduate students won second place after competing with 16 teams earlier this month at the seventh annual Villanova Real Estate Challenge.

Financial Information

Tuition fees

Res. $34,262
Non Res. $56,970

Financial aid

Available.

Scholarships

Available.

General information

Where is the program housed on campus?

220 Business Building University Park PA 16802, USA

State of the art Facilities

The Business Building has been recognized as one of the most beautiful business school facilities in the world. Dedicated in 2005, this 210,000-square-foot building was designed by renowned Robert A.M. Stern Architects.