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Real Estate Economics Studies
Ist it for you?

For many prospective professionals, a degree in Real Estate Economics is the key to a successful career in the dynamic world of real estate. In this course of study, students not only acquire in-depth knowledge of business administration and law, but also specific knowledge of market analysis, project management and real estate valuation. The following article explains what makes a Real Estate Economics degree stand out, what content and focus areas it covers, and what professional prospects alumni can expect.

Hand hält Modellhaus und Schlüsselbund – Symbol für Praxisbezug und Karrierechancen im Immobilien Studium.

Reasons for studying real estate economics

The real estate industry is one of the largest and most dynamic economic sectors worldwide. A degree in real estate economics offers numerous advantages and career opportunities. Here are six compelling reasons why a degree in this field is worthwhile:

Versatile career opportunities

Real estate management alumni have a wide range of career options. Whether in project development, real estate management, financing or valuation – there are numerous exciting fields of activity in companies, banks, public institutions or as an independent real estate expert.

Crisis-proof industry with a future

Real estate is one of the most important economic goods and is always in demand, regardless of economic fluctuations. Housing, workplaces and infrastructure remain essential, which is why the industry remains stable even in times of crisis and offers long-term career prospects.

Ideal combination of theory and practice

Many real estate management courses are practice-oriented. Internships, excursions and collaborations with companies enable students to apply their knowledge directly to real projects. This makes it easier to enter the profession and creates valuable contacts in the industry.

Exciting and dynamic work environment

The real estate industry combines economics, technology, law and sustainability. The profession is always full of variety due to the direct relationship with current market trends, new technologies and urban development. No two days are the same, and new challenges ensure continuous personal and professional development.

Attractive salary prospects

The real estate industry offers above-average earning potential. High incomes can be earned, particularly in senior positions or as a real estate investor. Through specialization, further training or self-employment, the salary can be further increased.

International career opportunities

The real estate market is globally interconnected. Those who are interested in international markets can work in many countries with a degree in real estate. Particularly in metropolises such as London, New York or Dubai, there are exciting career opportunities in international real estate or investment companies.

Why you should study Real Estate Economics at Munich Business School

The following section explains the advantages that Munich Business School offers you in your Real Estate Economics studies.

Munich Business School

Real Estate Economics Studies


Concentration(e) Integrated
Elective(e) Integrated
International Focus Integrated
Semester abroad Integrated
Internship Integrated
Master Top-up Program Possible
Mentoring Program Possible
Studying in English Integrated
Pre-Bachelor Possible
Scholarship Possible

8/10

Other German Universities

Real Estate Economics Studies


Concentration(e) Possible
Elective(e) Possible
International Focus Not planned
Semester abroad Possible
Internship Possible
Master Top-up Program Possible
Mentoring Program Not planned
Studying in English Not planned
Pre-Bachelor Not planned
Scholarship Possible

3/10

Explanation of terms for comparison

The following is a brief explanation of the concepts mentioned in the study program.

Concentration

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Elective

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International Focus

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Semester abroad

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Internship

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Master Top-up Program

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Mentoring Program

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Study in English

+

Pre-Bachelor

+

Scholarship

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Accreditations of Munich Business School

A university's accreditations are one of the most important indicators of the quality and recognition of its study programs. Institutions such as the German Council of Science and Humanities, the Ministry of Education and FIBAA, as well as renowned international accreditation organizations such as AMBA and AACSB, assess the academic excellence, practical orientation and international standards of universities. Some universities, such as MBS, work tirelessly to ensure that further accreditations are added and existing ones are renewed. In the following, we will take a look at the most important accreditations for your Program at MBS.

  Munich Business School Public German Universities
State Accreditation ✔️ ✔️
FIBAA ✔️
Accreditation by the German Council of Science and Humanities ✔️ ✔️
AACSB ✔️
AMBA
MORE INFO?

If you would like to know more about the rankings and accreditations of Munich Business School, please visit our following page:

Real estate economics studies at a glance

Degree

Bachelor of Arts (B.A.)

Start date

February & September

Semesters

6 Semesters + Bachelor's thesis

ECTS

210

Lecture Language

German/English

Type of study

Full-time Study

Internship

Integrated

Semester abroad

Built-in

Course of studies for the Bachelor International Business at MBS

Are you interested in the details? Here you will find our detailed course of studies for the Bachelor International Business at MBS, where you can choose the elective “Real Estate Industry and Construction” and thus shed light on an optimal real estate management degree.

Semester 1
6 ECTS International Business & Economics I +
  • International Business and Management I
  • Microeconomics
6 ECTS Accounting and Finance I +
  • Financial Accounting and Cost Accounting I
  • Business and Financial Mathematics
6 ECTS Business and Society I +
  • Business and Cultural History I
  • Current Topics in Business I
  • Business Law I
  • Social Service Project I
6 ECTS International Focus +

Pick 1 out of 6:

  • Chinese Culture and Society + Chinese
  • Arabian Culture and Society + Arabic
  • Russian Culture and Society + Russian
  • German Culture and Society + German
  • Spanish Culture and Society + Spanish
  • French Culture and Society + French
6 ECTS Soft Skills and Personal Development +
  • Introduction to Social Skills and MBS Values
  • Critical Thinking, Data & Text Literacy I
  • Presentation Skills and Communication Training I
  • Business Etiquette
  • Resilience Management I
  • Student Mentoring (optional)
Semester 2
6 ECTS International Business & Economics II +
  • International Business and Management II
  • Macroeconomics
  • Entrepreneurial and Creative Idea Generation Workshop
  • Company Excursion
6 ECTS Accounting and Finance II +
  • Financial and Cost Accounting II
  • Finance I
  • Digital Skills I: Using Spreadsheets
6 ECTS Business and Society II +
  • Business and Cultural History II
  • Current Topics in Business II
  • Business Law II
  • Social Service Project II
6 ECTS International Focus +

 Pick 1 out of 6:

  • Asian Culture and Society + Chinese
  • Middle Eastern Culture and Society + Arabic
  • Eastern European Culture and Society + Russian
  • Culture and Society in the European Union + German
  • Latin American Culture and Society + Spanish
  • French and Francophone Culture and Society + French
6 ECTS Soft Skills and Personal Development +
  • Critical Thinking, Data & Text Literacy II
  • Presentation Skills and Communication Training II
  • Resilience Management II
  • Conflict Management
  • Application Training
10 ECTS Internship +

Complete your first internship in the lecture-free period between the second and third semester

Semester 3
6 ECTS International Business III +
  • International Business and Management III
  • Fundamentals of Human Resources Management and Leadership
  • Fundamentals of International Marketing and Sales
  • Finance II
6 ECTS Digital Skills +
  • Digital Skills II: Statistics and Data Analysis
  • Digital Skills III: Managing Information and Big Data in the Digital Age
  • Digital Skills IV: Online Security and Digital Ethics
6 ECTS Business and Society III +
  • Business and Cultural History III (Incl. Excursion)
  • Business Law (Labor Law)
  • Civic Engagement
6 ECTS International Focus +

Pick 1 out of 6:

  • Business in Asia-Pacific + Chinese
  • Arabian and Middle Eastern Business + Arabic
  • Russian and Eastern European Business + Russian
  • Business in Germany and the European Union + German
  • Business in Spain and Latin America + Spanish
  • Business in France and Francophone Countries + French
5 ECTS Soft Skills and Personal Development +
  • Critical Thinking, Data & Text Literacy III (Seminar paper)
  • Intercultural Competences
  • Negotiation Skills
1 ECTS MBS Engagement +

Feel more connected to the MBS community by actively participating in a variety of extracurricular opportunities.

Semester 4
20 ECTS Study Abroad +

20 ECTS  from the field of international business studies at the partner university

10 ECTS Internship Abroad +

Duration: 10 Weeks

Semester 5
3 ECTS International Innovation Management I +

In the International Innovation Management concentration, you will learn to manage innovation processes from the idea to marketing. You focus on customer needs, use market research and current methods such as design thinking. You will research technology trends and implement your own innovation projects in groups.

3 ECTS International Marketing & Sales I +

In this concentration, students learn the basics of market-oriented business management. The focus is on marketing & sales in the digital age. The course covers strategies such as market analysis, brand management and the optimal marketing mix, including market research and sales management. The goal is to secure long-term success on a national and international level.

3 ECTS International Finance I +

In the International Finance concentration, students acquire in-depth knowledge in controlling, corporate finance and asset management for the global context. The focus is on modern methods and tools, including investment calculations, financing decisions, foreign trade financing and risk assessment on an international level.

3 ECTS International Procurement, Production and Logistics I +

In the International Procurement, Production and Logistics concentration, students learn to efficiently manage global supply chains. The focus is on optimizing the flow of goods and services in times of globalization and digitalization. The aim is to supply end customers on time, cost-effectively and in high quality.

3 ECTS International Human Resources Management and Leadership I +

In the International Human Resources Management and Leadership concentration, students acquire in-depth knowledge of strategic human resources management at an international level. The focus is on the role of employees as critical success factors, as well as on topics of leadership and development of employees.

3 ECTS International Accounting +

Deepen your accounting knowledge from the first part of the MBS program and learn, for example, about the structure, concept and elements of accounting according to IFRS.

6 ECTS International Business Development +
  • International Corporate Governance
  • Corporate Taxation
  • Digital Competencies V: Business Intelligence
5 ECTS Entrepreneurial Project I (Start-up project) +
  • Idea Development & Start-ups I
  • Project Management & Agile Methods
1 ECTS MBS Engagement +

Feel more connected to the MBS community by actively participating in a variety of extracurricular opportunities.

Foreign Languages (optional) +

Select from the following languages: Arabic, Russian, French, Chinese, Spanish, German

Semester 6
6 ECTS Concentrations 1 +

Pick 1 out of 3

  • Innovation Management II (Product Lifecycle Management II)
  • Marketing & Sales II (Customer Relationship Mananagement II)
  • Procurement, Production, Logistics II (Supply Chain Management II)
6 ECTS Concentrations 2 +

Pick 1 out of 3

  • International HR Management and Leadership II
  • International Finance II
  • International Governance and Business Development
3 ECTS Seminar on Concentrations +

Choose a seminar that matches your concentration and prepare yourself optimally for your bachelor thesis.

  • Seminar Innovation Management (PLM)
  • Seminar Marketing & Sales (CRM)
  • Seminar Procurement, Production, Logistics (SCM)
  • Seminar International HR Management and Leadership
  • Seminar International Finance
  • Seminar International Governance and Business Development
9 ECTS Electives +

Further individualize your studies and deepen the areas you are particularly interested in, such as:

  • Mergers and Acquisitions
  • Globalization and International Trade
  • Family Business
  • Sport and Event Management
  • Ecological Sustainability
  • Business Consulting
  • Real Estate Industry & Construction  
  • International Financial and Sustainability Risk Management
  • Social and Organisational-Psychology  
  • Social Media
  • Agile & New Work
  • Luxury and Brand Management 
3 ECTS Business Ethics and Substainable Business +

At the end of your studies, you will understand the importance of ethical decisions in the business world, which has been addressed in different courses in all semesters. Regardless of the level – company, leader or individual - ethical behavior in the sense of our MBS value act responsible is crucial!

3 ECTS Entrepreneurial Project II (Start-up project) +
  • Idea Development & Start-ups II
  • MBS Explorer Days: Creativity & Expression
Foreign languages (optional) +

Choose from the following languages: Arabic, Russian, French, Chinese, Spanish, German

Semester 7
10 ECTS Internship +

Duration: 10 Weeks

10 ECTS Bachelor's Thesis +

Last but not least: Writing your Bachelor Thesis.

Collaborating partner of the MBS Career Center

MBS Experience Report

E. on StudyCHECK Balanced ★★★★★
"There is an appropriate balance of subjects with hard and soft skills, with important courses such as finance but also equally important courses such as agile management or resilience management. Depending on your focus, you can dive deep into areas. The mandatory 30-week internship provides a good balance to the theory."
StudyCHECK

Real Estate Economics Studies Content

The content of a real estate economics degree program is diverse and covers various fields in order to provide a comprehensive understanding of the real estate industry. This content provides a balanced mix of theory and practice to prepare students for various challenges in the real estate industry and to provide them with a broad range of expertise.

Business Studies: Fundamentals of Economics, Corporate Management, Accounting and Controlling & Specialization in the application of business principles in Real Estate Economics.

Real Estate Law: Introduction to tenancy and building law, contract law and the legal framework of the real estate industry & in-depth knowledge of land registry law and real estate purchase.

Real Estate Valuation: Methods for evaluating residential and commercial real estate & analysis of market values, determining market value and risk assessment.

Financing and Investment: Fundamentals and models of real estate financing, investment strategies and return calculations & introduction to financing instruments and concepts such as mortgages and funds.

Project development and management: Planning, control and implementation of construction and development projects & project phases, time and cost management, risk analysis.

Market analysis and research: analysis of market trends, supply and demand, location analysis & feasibility studies and utilization concepts.

Facility Management: technical and infrastructural management of buildings & strategies for the maintenance, servicing and optimization of real estate.

Sustainability and Energy Efficiency: Sustainable building concepts, green building and certification systems (e.g. LEED, DGNB) & energy management and sustainable use of real estate.

Digital Real Estate (PropTech): Use of technologies to digitize processes in real estate economics & smart buildings and innovative software solutions.

Practical projects and case studies: application of theoretical knowledge to practical projects and case studies, often in collaboration with real estate companies and industry experts.

Career prospects after studying real estate economics

A degree in real estate economics opens up numerous career paths in a dynamic and growing industry. Alumni can work in a variety of fields, from project development to investment and real estate management. Here are six exciting professions that you can pursue after graduating:

Real Estate Manager

Real estate managers are responsible for the management, rental and development of real estate. They optimize the economic value of residential and commercial real estate and ensure that properties retain their value and generate a rate of return. Their activities range from setting rental prices to planning maintenance.

Facility Manager

Facility managers are responsible for the technical and infrastructural operation of buildings. They optimize processes, take care of maintenance and ensure sustainable building management. Particularly in large companies or public institutions, facility management is an important part of real estate management.

Real Estate Agent

If you have a passion for sales and customer service, you can get off to a flying start as a real estate agent. Agents broker residential and commercial real estate and are the link between buyers and sellers or tenants and landlords. Successful agents benefit from attractive commission models and a dynamic market.

Surveyors or Real Estate Valuers

Real estate valuers assess the value of land, houses and commercial properties. They prepare market and location analyses, determine purchase prices and prepare expert reports for banks, investors or courts. This profession offers an exciting challenge for those with a penchant for numbers and analysis.

Project Developer

Project developers are responsible for planning and implementing new real estate projects. They analyze market potential, calculate investments and coordinate all parties involved – from architects to construction companies. The goal is to realize economically successful real estate projects.

Real Estate Investor or Investment Manager

Alumni with a focus on finance can work as investment managers or self-employed real estate investors. They analyze real estate markets, invest in profitable properties and develop strategies for increasing value. There are particularly attractive career opportunities in the area of institutional real estate investments.

DID YOU KNOW?

After an MBS Bachelor's or Master's degree, you can also take up all these professions abroad without any problems.

Salary after studying Real Estate Economics

This is a brief overview of the potential earnings after studying real estate management.

Prerequisites Salary
Entry-level positions about €40.000 - 55.000 per year
Mid-career level about €60.000 - 90.000
Executive level about €100.000 +
Industry Industry-dependent – e.g. higher in Real Estate Funds & Investment
Location Higher in metropolitan areas like Munich
Experience In most cases, the more experience, the higher the salary
Qualifications In most cases, the more qualifications, such as a master's degree, the higher the salary
Continue reading: Deepen your knowledge

Frequently asked questions about studying real estate management

What is the difference between Real Estate Management and Real Estate Economics?

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What does Real Estate Management involve?

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What can you do with Real Estate Management?

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What grade point average do you need to study Real Estate Management?

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Is Real Estate Management a Business Studies program?

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