Overview

Who is it for?

A Cass masters degree is your gateway to a real estate career. You may be a recent graduate with any previous degree, have a job in finance or real estate but wish to upgrade your skills and/or knowledge of real estate, or are intending a career switch from another industry.

Four key features make us market leaders in Real Estate Masters programmes:

  • Track record: Established 20 years ago, and accredited by the Royal Institution of Chartered Surveyors (RICS), our degrees are widely recognised and highly valued by major employers; you will find Cass Real Estate graduates at all levels in leading real estate firms around the world.
  • Capability: You will be taught by highly qualified real estate staff, all with at least 10 years’ experience in teaching in senior roles in the industry – a lot of them with both. And we draw on London’s unmatched pool of industry professionals to act as visiting lecturers and guest speakers.
  • Focus: Cass only offers Real Estate courses on a postgraduate level – so you have the exclusive attention of our staff - and has specialised in courses which blend the professional, financial and practical skills in high demand across the real estate industry.
  • Location: We are the only Business School to offer real estate programmes in London, with the opportunity to network in a global real estate hub, neighbouring both the City’s financial core and the new tech belt centred on Silicon Roundabout.

Cass Real Estate courses:

  • Equip you with the core skills required by the industry embracing valuation, financial modelling, development appraisal, market analysis and cash flow modelling.
  • Are set in a framework of robust quantitative methods, financial and economic theory.
  • Have an emphasis on up to date industry techniques and practical tools taught hands-on in computer labs.

Objectives

We offer a choice of two courses: the MSc Real Estate and the MSc Real Estate Investment.

MSc Real Estate offers a choice of pathways, which you choose between in the second term. One option adds more UK-specific skills in law, valuation and taxation for those who want to join the graduate-entry programmes of chartered surveying firms. The second focuses more on financial analysis and international markets for those looking to work in investment, finance, development or outside the UK.

MSc Real Estate Investment requires a stronger background or aptitude in quantitative methods - from mathematics at final year high-school level, a degree with a quantitative element, or work experience. The course covers the same core “real estate professional” skills as the MSc Real Estate, but extends it to advanced methods in financial modelling, industry research and portfolio analysis, and covers in more detail the financial markets created by Real Estate Investment Trusts and Mortgage Backed Securities. Graduates from this course may enter the same businesses as those from the MSc Real Estate, but will but will be better qualified for “real estate analyst” roles in investment strategy, financing and research. Like Cass finance degrees, the course gives exemption from some Chartered Financial Analyst examinations.

If you are not sure which of our degrees is best for you, you can put both on your application form and we will suggest which is more suitable.

Structure

The programme starts with two induction weeks, focused on:

  • An introduction to the real estate industry and the careers it offers, including a dedicated real estate careers day with briefings form the RICS and a range of employers and a Careers Fair with over 20 leading firms.
  • Foundation courses in the principles of finance, financial mathematics and quantitative methods to introduce the key concepts and methods you will use through the year.

In our first term, you get the portfolio of core real estate professional skills – taking in quantitative methods, valuation and investment appraisal methods, asset management and understanding real estate markets.

In the second term, module choices provide two learning “pathways”.

If you aim to join the graduate entry programme of the major UK real estate employers and take the RICS Assessment of Professional Competence you can pick modules that tilt toward UK-specific topics in law, tax and applied valuation. If you aim to work in fund management, finance or outside the UK, you can tilt toward advance financial modelling and international markets. Either way, your choice will not pre-determine the jobs available to you.

Assessment methods

All core modules in Term 1 and Term 2 are assessed by sight-unseen examinations (in January and April) plus coursework set and delivered in Term time. Elective modules are assessed by coursework only.

Your coursework will take a range of forms - essays, modelling projects, presentations, class tests. Some are done individually, others in self-selected or allocated groups of up to four. The mix of assignments is designed to develop the general and soft skills employers expect – time management, team working, report production and presentations.

Overall your final masters mark will be assessed on 50% exams and 50% coursework.

Course Element % Weight in Final Marks
Term 1 + Term 2 total eight core modules 66.67%
Examinations 50.00%
Coursework  16.67%
Term 3 Elective Modules - coursework 16.67%
Individual Business Research Project 16.67%

Teaching staff

Your Course Director will be Dr Mark Andrew, Senior Lecturer in Real Estate Finance. At Cass since 2007, Mark has over 15 years teaching experience. He is a highly skilled quantitative analyst who has published over 20 papers and a number of government commissioned reports on his research speciality in residential markets.

Dr Mark Andrew teaches on the Quantitative Methods module.

Across all modules, our current teaching staff are highly experienced senior academics or industry professionals who are recognised experts in their field – you will not be getting lectures from PhD students or recent graduates.

Stephen Lee
Stephen has over twenty years teaching experience, at Cass since 2005. He is an internationally recognised academic, who sits on the boards of the European Real Estate Society and the International Real Estate Society. He has published over 100 papers which break new ground in the field, mostly looking at investment risks and returns, asset allocation and portfolio construction.

Stephen teaches on the Real Estate Asset Management module.

Professor Tony Key
Head of Real Estate at Cass for the last thirteen years. Before that Tony had twenty years’ experience in real estate research as Partner as Property Market Analysis and Director at Investment Property Databank. His contribution to property research has been recognised by the awards of a Lifetime Fellowship of the Society of Property Researchers, and an Eminent Fellow of the RICS.

Professor Tony Key teaches on the following modules:

  • Real Estate Economics
  • Real Estate Investment and Market Analysis
  • International Markets

Bill Rodney
At Cass since 1990, Bill is one of the most experienced teachers of appraisal in the country, with a particular specialism in the use of spreadsheet models. Outside Cass, Bill has his own business that runs Executive Education and professional skills courses for surveying and investment businesses all over the world – which gives him a unique insight into the techniques they use and skills they need.

Bill teaches on the following modules:

  • Real Estate Development
  • Real Estate Finance

Professor Sarah Sayce (Kingston University, Royal Agricultural College)
Previously Head of the School of Surveying and Planning at Kingston University, Sarah is a widely published author – over 30 papers and reports plus a valuation textbook - with interests in valuation, sustainability and land management. She is an elected member of the Governing Council of the RICS, and has been an RICS APC assessor for 20 years.

Sarah teaches on the Property Valuation module.

Application

How to apply

Documents required for decision-making

  • Transcript/interim transcript
  • Current module list if still studying
  • CV
  • Personal statement (500-600 words)

Documents which may follow at a later date

  • IELTS results, if report available
  • Confirmation of professional qualification examinations/exemptions/passes, if applicable
  • Two references
  • Work experience is not a requirement of this course
  • For a successful application to receive an unconditional status all documents must be verified, so an original or certified copy of the degree transcript must be sent by post to Specialist Masters Programme Office, 106 Bunhill Row, London, EC1Y 8TZ, UK

Please note the GMAT is not required for this programme.

We cannot comment on individual eligibility before you apply and we can only process your application once it is fully complete, with all requested information received.

Individual Appointments

If you would like to visit us to discuss your application please do arrange an individual appointment.

Entry requirements

  • A UK upper second class degree or above, or the equivalent from an overseas institution.

English language requirements

  • If you have been studying in the UK for the last three years it is unlikely that you will have to take the test
  • If you have studied a 2+2 degree with just two years in the UK you will be required to provide IELTS results and possibly to resit the tests to meet our requirements.

IELTS

The required IELTS level is an average of 7.0 with a minimum of 6.5 in the writing section and no less than 6.0 in any other section.

Fees

UK/EU/International £23,000 Tuition fees are subject to annual change

Fees in each subsequent year of study (where applicable) will be subject to an annual increase limited by the All Items Retail Prices Index. We will confirm any change to the annual tuition fee to you in writing prior to you commencing each subsequent year of study (where applicable).

Application fee: Nil

Deposit: £2,000 (paid within 1 month of receiving offer and non-refundable unless conditions of offer are not met)

First installment: Half fees less deposit (payable during on-line registration which should be completed at least 5 days before the in-person ID–checks)
Second installment: Half fees (paid in January following start of course)

Career pathways

The largest proportion of our students go on to the graduate entry schemes of major firms of chartered surveyors in the UK, going through the RICS Assessment of Professional Competence to become qualified professionals.

The others go into a very wide range of employers and roles – with smaller niche agencies, fund managers, developers, investment banks, lending banks, public agencies, rating agencies, research companies, not to mention setting up their own businesses. Many will go on to professional qualifications outside real estate, such as Chartered Financial Analyst Institute.

Around half our students come from outside the UK, many of them take up jobs in other countries with the boost that a degree from Cass, accredited by the Royal Institution of Chartered Surveyors, is a widely recognised and highly valued qualification world-wide. And they will generally find Cass real estate alumni already there to form the base of their professional network.

Connecting with employers

  • From week one, we host recruitment visits from all the largest real estate employers – like CBRE, JLL, Cushman Wakefield, Savills – plus other firms in real estate fund management, development, finance.
  • Our real estate specialists in the Cass Careers Service hold contacts with businesses across the industry, and will notify you of job opportunities as they come in through the year.
  • You will have un-matched opportunities to network with professionals and employers across London’s vibrant real estate industry at seminars and an annual conference run by our students’ Real Estate Club, and through our mentoring scheme which matches you up with a Cass graduate, and through industry events outside Cass.

Course information and statistics

Man
24
average age of student body
Diploma/ certificate
7.4
average IELTS score for 17/18 cohort
Globe
25
nationalities in 17/18 cohort

Accreditation

The Royal Institution of Chartered Surveyors (RICS) accredits the course, enabling graduates to enter the RICS Assessment of Professional Competence (APC).