Winter Issue 2022 - 115

MIT CENTER FOR REAL ESTATE
PROGRAM TITLE AND OVERVIEW
Master of Science in Real Estate
Development (MSRED) Program
The one-year MSRED program prepares students for
PROGRAM CONTACT
INFORMATION
ADMISSIONS COORDINATOR
msredadmissions@mit.edu
617-253-4373
rewarding, responsible leadership positions in the
real estate industry. The course of study is rigorous,
balanced, and grounded in professional practice
to help students achieve a broad understanding
of all aspects of real estate. Small class sizes and
an emphasis on team projects help students with
differing levels of experience and expertise learn from
one another. The curriculum is a demanding course of
study that balances theory with practice and focuses
on the real and practical needs of the industry, a
defining characteristic of an MIT education. The
program also benefits from MIT's interdisciplinary
tradition, which encourages academic work that
transcends departmental boundaries. The student
body generally reflects the mix of professions within
the industry.
ANNUAL TUITION AND FEES
Tuition for 2021-2022 is
approximately $81,000 for fall,
spring, and summer terms.
Estimated living costs for a single
student are a minimum of $18,000 in
the Boston area.
DEGREE REQUIREMENTS
Students must successfully complete six core
courses, required elective units, and a thesis.
Students are required to maintain a 4.0/5.0 GPA.
Core and elective courses include topic areas such
as finance, economics, development, sustainability,
engineering, mixed-income housing, leadership,
entrepreneurship, negotiation, securitization,
innovation, and international housing.
ADMISSION REQUIREMENTS
The MSRED application deadline is January 15th.
A complete application package consists of:
* Online Graduate Application form with application fee
* Statement of Objectives
* Three letters of recommendation: two professional
and one academic
* Official academic transcript(s)
* GMAT or GRE score
* TOEFL or IELTS score (as applicable)
* Professional résumé (minimum 3 years' experience
in a real estate-related field required)
* Financial Aid Application
* Optional portfolio/work sample
Since 2017 the MSRED program has offered the
Young Leaders Program. Participants make up,
at most, 10% of the student cohort each year.
Exceptional individuals with fewer than three years'
experience in the real estate industry may be invited
to the MSRED Program as a Young Leader. Young
Leader applicants must:
* Demonstrate exceptional academic performance
* Perform exceptionally on requisite exams
* Provide in their Statement a rationale for their
candidacy and interest in the Young Leaders
Program
* Indicate on the online application their intention to
be considered for the Young Leaders Program
For Young Leaders, variances from required
application materials may include:
* Letters of recommendation may instead be: two
academic, one professional
* Professional résumé required if the applicant
possesses professional work experience
STUDENT DEMOGRAPHICS
The typical class profile of an MSRED cohort:
* 25-30 men and women; average age of 30
* Geographically diverse, 30% to 60% international
* Diverse professional backgrounds (planning,
development, finance, construction, architecture,
construction management, design, law, consulting,
brokerage, etc.)
ADDITIONAL PROGRAM/
CAMPUS DETAILS
Financial assistance is available in the form of
Fellowships and Fellow programs. The MSRED
program participates in the Yellow Ribbon Award in
conjunction with the Office of Veteran's Affairs.
The 2020-2021 application cycle is the inaugural year
of the Center for Real Estate's Graduate Application
Assistance Program (GAAP), called Closing the GAAP.
Closing the GAAP is a volunteer-based, student-run
program that provides assistance to applicants from
communities historically underrepresented in higher
education and the real estate industry. Please visit:
mitcre.mit.edu for more information.
Although the program is traditionally 11 months,
students have the option to defer completing the
summer thesis until the following fall term for a
16-month program option.
The MSRED program offers an internship elective
during the summer term, which may be counted
toward degree requirements, and for international
students, meets Curricular Practical Training
requirements.
The Center for Real Estate, through its professional
partnerships, has a robust program offering of
quality career development and experiential learning
opportunities. MSRED students participate in
experiential learning through winter externships,
summer internships, and project-based learning.
Career development opportunities include skills
workshops, individual counseling, industry
presentations, access to alumni network, networking
contacts, and panel and conference events.
2022 EDUCATION PROGRAMS URBAN LAND
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Winter Issue 2022

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