For an MIT faculty member, holding a named professorship is a singular honor. It is a tangible statement of the Institute's enormous respect for the quality of his or her research and teaching. Endowed professorships dedicated to real estate are crucial to recruiting and retaining outstanding junior and senior faculty members, and to helping MIT/CRE compete aggressively with other real estate programs.
- Endowed Professorships reward great teacher-researchers, and also attract top new talent. They strengthen MIT's financial foundations, adding significantly to an endowment that is modest compared to those of other leading universities. Cost to fully endow: $3 million.
- Career Development Professorships are special awards made to junior faculty members whose research promises to make a fundamental contribution of broad importance to society at large. This professorship serves as an expression of faith in a younger teacher-researcher's promise, and as testimony to the respect of his or her peers. Each brings with it a scholarly allowance that offers the incumbent greater flexibility to react quickly to new ideas, and to push for research breakthroughs. Such rapid response to new research often leads to major initiatives, which in turn helps attract significant external resources. Cost to fully endow: $2 million.
To learn more about creating a named professorship through the MIT Center for Real Estate, and to discuss various possible options, please contact Marion Cunningham, Managing Director, at 617-253-2680.