Admissions
Admission to MIT's Master of Science in Real Estate Development program is highly competitive. Up to thirty-five full-time students are admitted each September; there is no part-time or special student status. In addition, a number of joint degree candidates are admitted each year.
The admissions committee seeks a diverse group of students who possess undergraduate or graduate degrees in one of the disciplines that have traditionally provided a basis for work in real estate (for example, engineering, law, architecture, planning, economics, or business), coupled with substantial work experience in some area of the industry. The average age of class members is around 30 years.
Applicants are required to have relevant work experience before applying, preferably a minimum of 3 years full time experience. This requirement can be satisfied in any number of ways. Prior to enrolling in the program, students have been employed as brokers, construction managers, planners, architects, commercial loan officers, consultants, financial analysts, and engineers.
Knowledge of microeconomics and basic accounting principles at the college level is required. A student who is otherwise qualified but deficient in either of these areas will be admitted provisionally and required to satisfy the prerequisite before enrolling. Proficiency with micro- computers is assumed.
The admissions committee encourages applications from those in both the public and private sectors in this country and abroad, and in particular, from minority candidates. In addition to the formal academic requirements,the committee seeks candidates who possess integrity, managerial ability, and an entrepreneurial spirit. Of equal importance is an ability to work congenially and effectively with different kinds of people.
To apply, you must send in a completed application form, which can be downloaded from the MIT Graduate Admissions website.
