Real Estate Management - 2012 entry
MSc
Accredited by the Royal Institution of Chartered Surveyors (RICS)
Overview
The MSc Real Estate Management (REM) is part of a suite of three MSc Real Estate programmes; the sister programmes being the MSc International Real Estate (IRE) and the MSc Residential Real Estate (RRE - due to start in September 2013). All three programmes are viewed as a single cohort, so please only apply to one. UK students are encouraged to apply for any of the programmes whereas international students are advised to apply for the IRE programme. All three programmes are only available for full-time study. Given the intensity of the programmes, you are advised to live in or near Oxford.
The MSc in Real Estate Management has established itself as a premier postgraduate programme for students wishing to enter the property profession. The programme meets the strong demand from the real estate profession for high-calibre postgraduate students from varying backgrounds. The MSc Real Estate Management, whilst grounded in academic excellence, is a practice-based programme for students wishing to become chartered surveyors.
This is a non-cognate conversion programme that is accredited by the RICS. It will prepare you for the challenges of entering professional practice and completing the Assessment of Professional Competence (APC) to become a chartered surveyor.
The philosophy of the degree is to provide you with a theoretical framework in the early modules of the programme and to build on this in the latter stages with practical, real life examples and case studies. The programme will provide you with all the necessary skills and knowledge to excel in the real estate profession.
Why Brookes?
The Department of Real Estate and Construction at Oxford Brookes has a strong reputation for teaching and research. Not only are the majority of the teaching staff at Brookes professionally qualified as chartered surveyors, planners, lawyers and accountants, each of them is dedicated to providing excellent teaching. The teaching team provides a strong professional emphasis to the core subjects underpinned by a rigorous academic approach. They are supported by external speakers, field trips and management support from the industry, provided by seven of the major international real estate consultancies who sponsor the programmes: CBRE, Cluttons, DTZ, GVA, Jones Lang LaSalle, Knight Frank and Savills.
The programme has enjoyed a very successful level of graduate employment during the economic upturn of the early 2000s. Even in today's downturn, our students are still finding employment in both the major international real estate consultancies and local firms. The programme is well respected in all areas of the industry and we also have alumni in real estate management companies, banks, financial institutions, government bodies and corporates.
In detail
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Course content
The MSc Real Estate Management programme comprises eleven compulsory taught modules and a structured Applied Project. It provides you with a thorough grounding in the skills and expertise necessary for a career in real estate. Each module is either 10 or 20 credits and the MSc qualification is 180 credits.
Please note: as programmes are reviewed regularly, the module list you choose from may vary from what is shown here.
Autumn semester
Valuation and Investment (10 credits – conjoint with MSc International Real Estate and MSc Residential Real Estate) starts with an introduction to the concept of investment and pricing and covers basic financial mathematics. The module looks at the role of pricing and valuation methods and the appropriateness of them against the wider economic and investment environment.
Real Estate Law I (10 credits – conjoint with MSc International Real Estate and MSc Residential Real Estate) introduces you to the law as it relates to real property management issues. It covers the law of obligations (both contractual and tortious) then moves on to cover basic aspects of the law of real property and the law of landlord and tenant.
Finance and Business Economics I (10 credits – conjoint with MSc International Real Estate and MSc Residential Real Estate) provides the framework for developing an understanding of the economic context in which a real estate organisation functions. This includes the national and international economic environment. The module discusses the role of markets, in particular the real estate market and the influences upon such key variables as costs and prices. It develops techniques to enable an organisation to analyse its situation and propose solutions.
Integrative Professional Practice (10 credits – conjoint with MSc International Real Estate and MSc Residential Real Estate) seeks to provide the application of estate management skills within a practical setting, and to develop a wide range of professional skills within the field of real estate management.
Construction and Sustainability (10 credits – conjoint with MSc International Real Estate and MSc Residential Real Estate) seeks to provide an understanding of the principles of construction in the context of maintaining a sustainable environment, and to develop a knowledge of the professional skills required to ensure sustainability in the built environment.
Applied Research (10 credits – conjoint with MSc International Real Estate and MSc Residential Real Estate) enables you to develop research skills to critically assess research reports and information in your professional life. The module will involve a series of case study examples from industry.
Spring semester
Planning and Development (20 credits – conjoint with MSc Residential Real Estate) sets out to deal with planning and development issues of interest to the chartered surveyor and related professionals. As well as covering issues relating to the planning system and development appraisal, the module focuses on the current debate in England and Wales regarding the implementation of urban renewal and regeneration.
Strategic Management of Corporate Real Estate (10 credits – conjoint with MSc International Real Estate and MSc Residential Real Estate) provides a framework for analysis of the corporate environment and its effect on an organisation's real estate holdings, including both internal and external environments. The module develops strategic perspectives for real estate in a variety of organisational structures and environments. It also examines aspects of operational management and the impact of these on overall strategy.
Finance and Business Economics II (10 credits – conjoint with MSc International Real Estate and MSc Residential Real Estate) continues studies from Semester 1 looking at the role of markets, in particular the real estate market and the influences upon such key variables as costs and prices.
Real Estate Investment Strategy (10 credits) builds on Valuation and Investment, studying property as an investment, including its role in a multi-asset portfolio. The module discusses the relevance of portfolio theory to property investment, and its influence on the use of diversification, risk analysis and performance measurement.
Real Estate Law II (10 credits) develops the themes of the Real Estate Law I and expands the elements of professional practice related to the law of real property and the law of landlord and tenant.
Summer (vacation period)
The work required for this part of the programme can be undertaken away from the university with email and internet support.
Applied Project (50 credits – conjoint with the MSc in International Real Estate and MSc Residential Real Estate) will involve an individual structure project that is industry related. The project themes will vary according to the degree pathway (ie commercial, residential or international) but will include subjects such as Real Estate Investment, Real Estate Development, Real Estate Law, Real Estate Valuation and Professional Practice.
Real Estate Markets (10 credits – conjoint with the MSc in International Real Estate and MSc Residential Real Estate) is an umbrella module that will include, among other things, a series of guest lectures, field trips and industry events. In the summer semester, there will be a residential field trip to a major European city.
The PGDip and PGCert are available as exit awards only; students need 120 credits for the PGDip and 60 credits for the PGCert.
Teaching, learning and assessment
The MSc in Real Estate Management (REM) is taught in tandem with the sister course, the MSc in International Real Estate (IRE). Approximately 55% of the programmes are co-joint, with the remaining 45% being pathway specific. This allows you to have a distinct feeling of unity between programmes whilst, at the same time, ensuring that each is sufficiently distinct.
Learning methods include lectures, seminars, tutorials, project work and independent study. Teaching is organised around the component modules, involving a total of around 20 hours of teaching time per week over each 12-week teaching semester. The semester system requires examinations to be taken at the end of each teaching period. It is a very intensive course and you undertake a substantial amount of private study and project work.
Each module is assessed individually, through coursework such as submission of reports and presentations, and/or formal written examination. The Integrative Professional Practice module draws together the different subjects taught on the course and enables you to develop strong interpersonal communication via a series of face-to-face role-plays.
In addition to the taught modules (see below), there is also an umbrella module, Real Estate Markets, which incorporates a number of field trips in the UK and Europe.
Quality
The results of the UK-wide Research Assessment Exercise (RAE) in 2008 show that the School of the Built Environment is a major player in international research in the fields of Architecture and the Built Environment and Town and Country Planning. They also show that the school, which includes the Oxford Institute for Sustainable Development (OISD) as its primary research vehicle, is ranked fifth in the country in terms of research power.
All modules are led by real estate academic staff in the Department of Real Estate and Construction, complemented by specialist contributions from other colleagues in the department and from visiting professional practitioners. The practical focus of the course is reflected in the diversity of staff who teach on it, and as research strengths in international land markets and sustainability.
In 2005, Built Environment departments were awarded a Centre of Excellence in Teaching and Learning in Undergraduate Research in collaboration with Warwick University: one of only 70 centres awarded nationally by the government across all UK universities.
Career prospects
The MSc in Real Estate programmes at Brookes are highly respected in the profession. In the case of UK students, it is normal for our students to secure employment before the programme ends. Most students work for the big international real estate companies in London, but our students have also been successful in securing employment in smaller niche practices in London or the provinces.
Field trips
One of the most important elements of the MSc in Real Estate programmes is the field trip schedule which helps you to build on your learning, by giving you the opportunity to see how things are done in practice. These start in the induction week with trips around Oxford and London. In the autumn, there are further day trips to London and a three day residential field trip to another major city in the UK. In the spring, we have further day trips and in the summer, we have a five-day residential trip to a major European city.
Free language courses for students - the Open Module
Free language courses are available to all full-time undergraduate and postgraduate students who are studying any course on our Headington (including Marston Road), Harcourt Hill or Wheatley Campuses, and can be taken as a credit on some courses.
Key facts
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Faculty
Faculty of Technology, Design and Environment
Department
Department of Real Estate and Construction
Course length
Full-time: 12 months
Teaching location
Headington Campus, Gipsy Lane
Start date
September 2012
UKPASS code
P023455
Apply / Entry reqs
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Entry requirements
Real Estate Management is open to students who hold a good undergraduate honours degree (normally 2:1 or above) in a non-cognate discipline or equivalent international qualification. Applicants to this conversion programme are therefore welcome from any academic discipline (other than real estate).
Applicants should demonstrate a commitment to a career in real estate, preferably through previous work experience, which is strongly recommended.
English language requirements
For non-native English speakers, an IELTS score of at least 6.5 or evidence of an equivalent level of fluency in English language is required. For TOEFL the required score is 90 (internet-based).
Please also see the university's standard English language requirements.
English language requirements for visas
If you need a student visa to enter the UK you will need to meet the UK Border Agency's minimum language requirements as well as the university's requirements. Find out more about English language requirements.
Preparation courses for international and EU students
We offer a range of courses to help you meet the entry requirements for this course and also familiarise you with university life. You may also be able to apply for one student visa to cover both courses.
- Take our Pre-Master's course to help you to meet both the English language and academic entry requirements for your master's course
- Take our University English course to help you to meet the English language requirements of your master's course
How to apply
You apply for this course through UKPASS.
Conditions of acceptance
When you accept our offer you agree to the conditions of acceptance. You should therefore read those conditions before accepting the offer.
Credit transfer
Oxford Brookes operates the European Credit Transfer System (ECTS). All postgraduate single modules are equivalent to 10 ECTS credits, double modules to 20 ECTS credits, and treble modules to 30 ECTS credits. A full master's course will carry 90 ECTS credits. More about ECTS credits.
Fees / funding
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TUITION FEES
UK/EU
Full-time: £12,420
International
Full-time: £12,420
Questions about fees?
Contact Student Finance on:
+44 (0)1865 483088
finance-fees@brookes.ac.uk
Scholarships and funding
For general sources of financial support, see:
Oxford
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Why Oxford is a great place to study Real Estate Management
As a student in Oxford you'll be at the heart of the UK's most successful economic region and in a centre for leading industries which provides you with a host of learning opportunities. The close proximity to London allows us to take advantage of its world class commercial property.
Because Oxford is one of the world's great academic cities, it is a key centre of debate, with conferences, seminars and forums taking place across education, science, the arts and many other subjects.
In addition to our own excellent libraries and resource centres, our postgraduate students have access to the world-renowned Bodleian Library, the Bodleian Law Library and the Radcliffe Science Library.
Support
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Laura Salisbury Jones
I found the support at Oxford Brookes really strong, especially when coming to apply for jobs. The careers department was fantastic.
See full profile »How Brookes supports postgraduate students
Supporting your learning
From academic advisers and support co-ordinators to specialist subject librarians and other learning support staff, we want to ensure that you get the best out of your studies.
Personal support services
We want your time at Brookes to be as enjoyable and successful as possible. That's why we provide all the facilities you need to be relaxed, happy and healthy throughout your studies.
Research
CONTACT US
+44 (0) 1865 483904
rec-enquiry@brookes.ac.uk
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Research excellence
The results of the UK-wide Research Assessment Exercise (RAE) in 2008 show that Brookes is a major player in international research in the fields of Architecture and the Built Environment and Town and Country Planning. They also show that the Built Environment departments, which include the Oxford Institute for Sustainable Development (OISD) as a primary research vehicle, is ranked fifth in the country in terms of research power.
