1.41 YouTube video

Komilla Chadha studied on the MSc Real Estate at Cass Business School, the only business school offering a master's in real estate in London. In this video she tells us about her role as a surveyor at JLL in London and also how her passion for food inspired her to set up the JLL Dining Club.

Overview

Who is it for?

A Cass master's 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 and active in research. 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 be better qualified for “real estate analyst” roles in investment strategy, financing and research.

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.

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Structure

The first term covers the portfolio of core real estate professional skills – quantitative methods in data analysis, valuation, investment, asset management and understanding real estate markets.

In the second term, our two core modules, applied appraisal and financial modelling, will expand on and apply the core real estate principles and methods you studied in the first term.

Your second term module choices provide two learning “pathways”.

If your aim is 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, taxation and applied valuation. If you aim to work in fund management, finance, development or outside the UK, you can tilt toward development and planning, investment vehicles and portfolios or international markets. Either way, your choice will not pre-determine the jobs available to you.

Induction weeks

All of our MSc courses start with two compulsory induction weeks which include relevant refresher courses, an introduction to the careers services and the annual careers fair.

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%

Term dates

Term dates 2021/22

TBC

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 in highly ranked journals and a number of government commissioned reports on his research speciality in residential markets. He is currently serving on the IPF Research Steering Group.

Dr Mark Andrew teaches on the Applied Data Analysis module.

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 following modules:

  • Asset and Fund Management
  • Indirect Values and Portfolio

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
  • Financial Modelling

Alex Moss
Alex is Director of the Real Estate Research Centre at Cass and Course Director for the MSc Global Finance online course. He has previously held senior roles with Macquarie, Apax Partners, CSFB  and BZW. He is currently Chairman of the Research Committee of the European Public Real Estate Association and runs a consultancy business advising institutions on their listed real estate strategies. He has authored numerous industry publications and academic papers.

Alex teaches on the following modules:

  • Indirect Vehicles and Portfolio
  • International Real Estate Markets

Professor Sotiris Tsolacos
Sotiris is an academic with years of practical experience. Previously he was with Henley Business School and held posts at JLL and Property Portfolio Research/Costar from 1999 to 2013. He is a co-author of the standard textbook on real estate forecasting.

Sotiris teaches on the Economics and Market Analysis module.

Christopher Bourne  

At Cass since 2017, Chris has more than 25 years' real estate experience, which includes private equity, investment banks and property company investor developers, with coverage in the UK and Pan European markets. Chris also manages his own real estate consulting business and combines this with running Excel based real estate CPD accredited training courses to property professionals, investment banks and sovereign wealth funds. Chris is Argus Software Certified for Enterprise and Developer, holds an MSc Real Estate Investment (distinction) from Cass and is a Fellow of the Chartered Association of Certified Accountants.

Chris teaches on the following modules:

  • Principles of Appraisal
  • Applied Appraisal
  • Advanced Modelling and Risk Analysis

Dr Paul Kennedy
Paul has over 25 years’ experience as a researcher and strategist focused on global real estate, private equity and infrastructure.  He has held senior investment roles at the Abu Dhabi Investment Authority, Invesco Real Estate, Parkes & Company and Henderson Global Investors.  He has taught at the University of Nottingham, Nottingham Trent University, Reading University and Said Business School, Oxford.  Paul holds a BSc in Real Estate and a PhD in Environmental Economics / Real Estate Valuation.  He is also a professional member of the RICS (MRICS).

Paul teaches on the Applied Appraisal module.

Application

How to apply

We only accept online applications.

Apply for MSc Real Estate

Documents required for decision-making

  • Transcript/interim transcript
  • Current module list if still studying
  • CV
  • Personal statement - this should be 500-600 words in length and answer the following:
    • Why have you selected this course? What are your motivating factors?
    • What are your areas of interest within the course?
    • What contributions do you feel you can make to the course?
    • How do you see the course affecting your career plans?

Documents which may follow at a later date

  • English language test result if applicable
  • Confirmation of professional qualification examinations/exemptions/passes, if applicable
  • Two references
  • 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 uploaded to the application form or e-mailed to the relevant Admissions Officer upon request

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

Unfortunately, as a result of the evolving situation regarding the coronavirus (COVID-19) pandemic, we can only offer online appointments to discuss your application.  To book one, please get in touch with the relevant Admission Officer

Please note; these are subject to availability.

Terms and conditions

Students applying to study at Cass Business School are subject to City, University of London's terms and conditions.

Entry requirements

  • A UK upper second class degree or above, or the equivalent from an overseas institution.
  • Work experience is not a requirement for this course.

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.

Some other English Language tests might be accepted.

Fees

UK/EU/International £24,500 Tuition fees are subject to annual change

Fees in each subsequent year of study (where applicable) will be subject to an annual increase of 2%. 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 (usually paid within 1 month of receiving offer and non-refundable unless conditions of offer are not met)

First instalment: Half fees less deposit (payable during on-line registration which should be completed at least 5 days before the start of the Induction period)

Second instalment: Half fees (paid in January following start of course)

Information about Scholarships

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.

Class of 2019 profile

Recent graduates from the MSc in Real Estate degree have secured positions in companies including:

  • Graduate Surveyor, Planning, Savills
  • Financial Analyst - Corporate Finance - CBRE
  • Analyst - Real Estate Evaluation - Duff & Phelps
  • Research Associate - Research - CoStar
  • Graduate Surveyor - Commercial Real Estate - Knight Frank

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.

Where they are working now

  • UK: 67%
  • EU/ EEA: 17%
  • North America: 2%
  • South America: 2%
  • African and Middle East: 5%
  • Asia: 8%

Industry post-master's

85% Property / Real Estate
4% Financial Services - Asset Managment
2% Financial Services - Insurance 
2% Healthcare / Pharmaceuticals / Biotechnology
2% Retail / Wholesale

Data provided from alumni who completed the annual destination data survey 2018/19

Alumni stories

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Hear from our alumni. Discover the real experiences of learning at Cass and how Cass helped to boost our graduates' careers.

Read Flavien’s story

Course information and statistics

Man
27
average age of student body (20/21 cohort)
Diploma/ certificate
7.5
average IELTS score (20/21 cohort)
Globe
29
nationalities (20/21 cohort)
Graduation hat
80%
combined average employment rate on Real Estate masters courses

Accreditation

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