An international seal of quality awarded to only 6% of business schools worldwide. It attests to high quality and enhances the recognition of the degree abroad.
From asset management to project development: Study real estate economics and management in Munich. A practical, international program with direct ties to major companies.
At MBS, there isn't just "one real estate management program"; rather, there are two distinctly different programs designed for different starting points and career goals.
The Bachelor International Business combines core business administration fundamentals with a targeted specialization in the real estate and construction industry starting in the fifth semester. Students engage with real estate law, valuation methods, project development, financing models, and the technical and sustainability aspects of the sector, all within an internationally oriented study environment that includes a mandatory semester abroad.
For those who want to go deeper into the financial and investment side of real estate, after a bachelor's degree or a different business/economics first degree. The Master International Business with a Finance concentration is the logical next step. The program covers company valuation, institutional asset management, portfolio management and investment decisions. These are core competencies for careers in real estate investment, appraisal, or asset management of property portfolios.
All course content at a glance: semester by semester, module by module.
6 Semesters · 210 ECTS · B.A. · German & English · Start: February & September
3 Semesters (Single Degree) · 4 Semesters (Dual Degree) · M.A. · English · Start: February & September
Munich is one of Europe's most important and dynamic real estate markets, which means the Munich real estate market offers numerous attractive opportunities.
AACSB and FIBAA accreditation, as well as state recognition of the degree, enhance the recognition of an MBS degree.
Small cohorts with personalized guidance from instructors with practical experience.
Real-world projects with companies like Deloitte, Allianz, Siemens, Lufthansa, and UniCredit, not just theory.
A resource center offering targeted placement in Big Four firms, corporate controlling, and investment banking, as well as regular events with companies.
A semester abroad at one of more than 70 partner universities worldwide, including dual-degree options, to gain an international perspective on real estate markets.
The following figures are based on research and supported by references (as of 2026). They vary depending on company size, region, and experience. Munich is above the national average for all positions.
| Career Stage | Gross Salary Range (per year) |
| Entry level – property administration / property management | approx. €33,000–40,000 |
| Real estate agent/broker (3–5 years) | approx. €47,000 median, up to €55,000 (senior) |
| Facility manager | approx. €55,200 median, up to €64,000 (senior) |
| Asset/investment management (real estate) | approx. €65,900 average |
| Project development / management level | from approx. €77,000 |
| Munich industry average (all positions) | approx. €72,174/year |
| Direct entry with a master's (Corporate Finance) – financial/investment analyst | approx. €45,000–60,000 entry, €60,000–90,000 with experience |
Here you can learn all about the careers you can pursue after completing a degree in real estate management.
Munich is home to eight of Bavaria's eleven DAX-listed companies and a combined market capitalization of over €700 billion (as of April 2026), making it Germany's “DAX capital,” an environment that also drives demand for office and commercial space. The city has the highest purchasing power of any German city at €38,364 per capita (2025), 35 percent above the national average, alongside a comparatively low unemployment rate of 5.0 percent. For the real estate industry, this makes Munich one of the most stable and most expensive markets in Germany.
Between 2025 and 2029, the city is investing approximately €12.94 billion in its infrastructure, including the modernization of its main train station, Germany's second-largest, which will add new commercial space. National and international real estate firms such as Bayerische Hausbau, CBRE and JLL maintain their own offices in Munich. The city documents the market's dynamics annually in its “Real Estate Market Report Munich,” published jointly with Colliers International, a sign of how closely market observation and the real estate industry are intertwined in the region.
Automated valuation methods, digital twins of buildings (Building Information Modeling) and AI-driven market analysis are noticeably changing traditional work in valuation, marketing and portfolio management. At the same time, sustainability certifications and ESG criteria are becoming more important in investment decisions. For future real estate professionals, this means that combining solid business and legal fundamentals with digital tools and sustainability standards offers a clear advantage when entering the job market.
Find out which of our two real estate management programs best suits your interests, goals, and preferred learning style. The self-assessment will give you an initial idea.
✓ Business Basics with a Specialization in Real Estate
✓ Elective Courses & International Focus
✓ German- and English-language modules
✓ 3 years of full-time study in Munich
✓ Fundamentals, Advanced Topics, and Innovation
✓ Abroad or Internship
✓ 100% English
✓ Business Project
A university’s accreditations are one of the most important indicators of the quality and recognition of its degree programs. Government agencies and renowned international accrediting organizations evaluate the academic excellence, practical focus, and adherence to international standards of universities. This ensures that your degree is highly regarded and opens many doors for you.
A wide variety of approaches and opinions regarding MBS and its degree programs.
Prof. Dr. Thomas Röhm and Prof. Dr. Christian Schmidkonz believe that learning is about more than acquiring knowledge. In the Master in International Business, it's about taking on responsibility, connecting the dots across disciplines – and working alongside people from all over the world. What that means for your development, they explain in the video.
There is no minimum grade requirement for the Bachelor’s in International Business or the Master’s in International Business at Munich Business School. The admission requirement is generally a high school diploma or equivalent; applicants with comparable qualifications may also be admitted through the Munich Business School selection process.
The bachelor’s program consists of 6 semesters plus one semester for the bachelor’s thesis, and the master’s program consists of 3 to 4 semesters (depending on whether you opt for a dual degree), a total of 210 ECTS credits for the bachelor's degree and 90 ECTS credits for the master's degree. This means that the standard duration of study falls within the typical range for real estate management programs in Germany, which, depending on the university, range from 6 to 7 semesters (Bachelor’s) and 3 to 4 semesters (Master’s).
The bachelor’s program costs €1,070 per month or €6,420 per semester (approximately €44,940 total over 7 semesters); the master’s program costs €1,430 per month or €8,580 per semester (approximately €25,740 over 3 semesters). Application and enrollment fees are additional.
For the bachelor’s program, scholarships offering a 10–50% reduction in tuition for the first two semesters are available; for the master’s program, financial aid of up to €4,000 is available. Additionally, early-bird discounts of €1,000 are offered for timely applications.
In addition to the traditional college entrance qualification, the Munich Business School admissions process also allows professionally qualified applicants to gain admission. Those who are already working as real estate agents or real estate specialists can highlight this experience during the admissions interview.
This area of specialization covers the fundamentals of business administration, real estate law, valuation methods for residential and commercial real estate, project development, financing models, facility management, and, increasingly, PropTech and sustainability issues.
At Munich Business School, Real Estate and Construction is an elective module within the Bachelor’s program in International Business (starting in the 5th semester), not a standalone degree program. This means that, in addition to their specialization in real estate, students acquire a broad, internationally oriented foundation in business administration.
In practice, these terms are often used interchangeably. Real estate economics tends to describe the entire industry surrounding the planning, construction, financing, and management of real estate, while real estate management places greater emphasis on the operational management of individual properties or portfolios. At Munich Business School, both perspectives lead to the same elective module, “Real Estate and Construction Economics,” in the Bachelor’s program in International Business.
Yes, a semester abroad is a required part of the fourth semester of the bachelor’s program, supplemented by a ten-week international internship. In the master’s program, it is also possible to spend a semester abroad during the third semester or even earn a second master’s degree with just one additional semester abroad.
A total of 30 weeks of required internships are scheduled throughout the entire bachelor’s program at Munich Business School, including during the semester abroad and in the final year of study. In the master’s program, you can also complete an internship in the third semester, but it is not mandatory.
The Bachelor's and Master's programs in International Business are offered at Munich Business School as full-time programs with integrated internships, not as dual or distance learning programs.
Possible entry-level positions include property manager, facility manager, real estate agent, appraiser/expert, project developer, and asset or investment manager.
Depending on the position and experience, salaries range from around 33,000 euros for entry-level positions (real estate management) to over 77,000 euros for management positions in project development. Munich’s salaries for all positions are above the national average.
Legally, a college degree is not required to work as a real estate agent; often, a business license under Section 34c of the German Trade Regulation Act (GewO) is sufficient. However, a degree program—such as a bachelor’s or master’s degree from Munich Business School—provides in-depth expertise in the field, as well as legal and financial knowledge, which is particularly advantageous for more demanding client engagements and for advancing to leadership positions.
The real estate agent apprenticeship is practice-oriented and typically lasts three years, with a focus on commercial processes in day-to-day business. A degree program, such as the one offered at Munich Business School, also provides in-depth business, legal, and strategic skills, thereby opening the door to specialized and leadership positions, such as in project development or asset management.
With eight of Bavaria’s eleven DAX-listed companies, a market capitalization of over 700 billion euros, and the highest purchasing power in Germany, Munich ranks among the country’s strongest and most dynamic real estate markets. Students here are close to corporate headquarters, international real estate firms, and one of Germany’s tightest—and therefore most instructive—residential and commercial real estate markets.
Yes. The Master’s in International Business with a concentration in Corporate Finance is open to graduates of bachelor’s programs in economics and specifically teaches the financial and investment skills (business valuation, portfolio management, institutional asset management) required to enter the fields of real estate investment, real estate valuation, or asset management—even for career changers with no prior experience in real estate.
The Bachelor’s program in International Business with a specialization in Real Estate and Construction provides a broad operational and legal foundation in the real estate industry, ranging from valuation to project development to facility management, and is designed for first-year students. The Master’s in International Business with a focus on Corporate Finance, on the other hand, requires a first degree in economics and focuses on finance and investment: corporate valuation, portfolio management, and institutional asset management. It is particularly well-suited for those seeking careers specializing in real estate investment, valuation, or asset management.
The low unemployment rate of 5.0 percent (2025) and the region’s high purchasing power point to a stable regional labor market. Due to the high concentration of corporate headquarters, international real estate firms, and ongoing infrastructure projects (including approximately 12.94 billion euros in municipal investments from 2025 to 2029), the demand for qualified real estate professionals in the region remains high.